Company: BTBT
Filing Date: 2025-07-14
Form Type: 424B5
Source: 0001213900-25-063777
Chunk: 6

Company: Bit Digital, Inc
Filing Date: 2025-07-14
Form: 424B5
Chunk 6
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 will not be finalized until after the completion of
this offering.

These estimates should not
be viewed as a substitute for our full interim or annual financial statements prepared in accordance with U.S. generally accepted accounting
practices (“U.S. GAAP”). Further, our preliminary estimated results are not necessarily indicative of the results to be expected
for any future period as a result of various factors, including, but not limited to, those discussed in the sections titled “Risk
Factors” and “Special Note Regarding Forward-Looking Statements.”

<div align='center'>S-1</div>

The preliminary estimates
presented herein have been prepared by, and are the responsibility of, management. Audit Alliance LLP, our independent registered public
accounting firm, has not audited, reviewed, compiled, or performed any procedures with respect to the preliminary financial information.
Accordingly, Audit Alliance LLP does not express an opinion or any other form of assurance with respect thereto.

Underwritten Offering of Ordinary Shares

On June 25, 2025, we entered
into an underwriting agreement with B. Riley Securities, Inc., as the sole book-running manager and representative of the several underwriters
listed therein, in connection with a public offering (the “Underwritten Offering”) of ordinary shares of the Company, pursuant
to which the Company agreed to issue and sell 75,000,000 ordinary shares, and the underwriters agreed to purchase the ordinary shares,
at a public offering price of $1.90 per share. In addition, the Company granted the Underwriters a 30-day option to purchase up to an
additional 11,250,000 ordinary shares at the same price per share. The Underwritten Offering closed on June 27, 2025.

The underwriters fully exercised
their option to purchase an additional 11,250,000 ordinary shares and the exercise of the option closed on July 1, 2025.

After giving effect to the full exercise of the underwriters' option
to purchase additional ordinary shares, a total of 86,250,000 ordinary shares were issued and sold by us in the Underwritten Offering.
The net proceeds to us from the Underwritten Offering, including the full exercise of the underwriters' option to purchase additional
ordinary shares, were approximately $162.9 million, after deducting the underwriting discount and estimated offering expenses payable
by us.

Subsidiary Initial Public Offering

On June 25, 2025, we announced
that our wholly