Company: BTBT
Filing Date: 2025-04-30
Form Type: S-3
Source: 0001213900-25-037166
Chunk: 71

Company: Bit Digital, Inc
Filing Date: 2025-04-30
Form: S-3
Chunk 71
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 purchase any of the ordinary shares offered
by this prospectus supplement, you will experience dilution to the extent of the difference between the offering price per ordinary share
you pay in this offering and the net tangible book value per ordinary share immediately after this offering. Our net tangible book value
as of December 31, 2024 was approximately $269,278,371, or $1.50 per ordinary share. Net tangible book value per share represents our
total tangible assets (which excludes goodwill and other intangible assets), less our total liabilities, divided by the aggregate number
of our ordinary shares outstanding as of December 31, 2024.

After giving effect to the sale of our ordinary
shares in the aggregate amount of $500 million at an assumed offering price of $1.76 per ordinary share, the last reported sale price
of our ordinary shares on the Nasdaq Capital Market on April 22, 2025, and after deducting estimated offering commissions and other estimated
offering expenses payable by us, our as adjusted net tangible book value as of December 31, 2024 would have been $754,078,371, or $1.63
per ordinary share. This amount represents an immediate increase in net tangible book value of $0.13 per ordinary share to existing shareholders
as a result of this offering and immediate dilution of approximately $0.13 per ordinary share to new investors purchasing our ordinary
shares in this offering. The following table illustrates this dilution on a per ordinary share basis. The as adjusted information below
is illustrative only and will adjust based on the actual price to the public, the actual number of shares sold and other terms of the
offering determined at the time our ordinary shares are sold pursuant to this prospectus supplement. The ordinary shares sold in this
offering, if any, will be sold from time to time at various prices.

| Assumed Offering price per ordinary share                                                  |     | $ | 1.76 |
| Net tangible book value per ordinary share as of December 31, 2024                         |     | $ | 1.50 |
| Increase in net tangible book value per ordinary share attributable to the offering        |     | $ | 0.13 |
| As-adjusted net tangible book value per ordinary share after giving effect to the offering |     | $ | 1.63 |
| Dilution in net tangible book value per ordinary share to new investors                    |     | $ | 0.13