Company: BTBT
Filing Date: 2025-06-26
Form Type: 424B5
Source: 0001213900-25-058407
Chunk: 21

Company: Bit Digital, Inc
Filing Date: 2025-06-26
Form: 424B5
Chunk 21
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 and interest charge rules treating
the gain as an excess distribution, as described above. As a result of the purging election, you will have a new basis (equal to the fair
market value of the ordinary shares on the last day of the last year in which we are treated as a PFIC) and holding period (which new
holding period will begin the day after such last day) in your ordinary shares for tax purposes.

If
a U.S. Holder owns our ordinary shares during any taxable year that we are a PFIC, the U.S. Holder must generally file an annual Internal
Revenue Service Form 8621 and provide such other information as may be required by the U.S. Treasury Department, whether or not a mark-to-market
election is or has been made. If we are or become a PFIC, you should consult your tax advisor regarding any reporting requirements that
may apply to you.

<div align='center'>S-13</div>

You are urged to consult your tax advisors regarding the application of the PFIC rules to your investment in our Ordinary Shares and the elections discussed above.

Receipt of Foreign Currency

The
gross amount of any payment in a currency other than U.S. dollars will be included by each U.S. Holder in income in a U.S. dollar amount
calculated by reference to the exchange rate in effect on the day such U.S. Holder actually or constructively receives the payment in
accordance with its regular method of accounting for U.S. federal income tax purposes regardless of whether the payment is in fact converted
into U.S. dollars at that time. If the foreign currency is converted into U.S. dollars on the date of the payment, the U.S. Holder is
not generally required to recognize any foreign currency gain or loss with respect to the receipt of foreign currency. If, instead, the
foreign currency is converted at a later date, any currency gains or losses resulting from the conversion of the foreign currency is generally
treated as U.S. source ordinary income or loss for U.S. foreign tax credit purposes. U.S. Holders are urged to consult their tax advisors
regarding the U.S. federal income tax consequences of receiving, owning, and disposing of foreign currency.

Information Reporting and Backup Withholding

Dividend
payments with respect to our ordinary shares and proceeds from the sale, exchange or redemption of our ordinary shares may be subject
to information reporting to the IRS and possible U.S. backup withholding at a current rate of