Company: BTBT
Filing Date: 2025-10-31
Form Type: S-3ASR
Source: 0001213900-25-104745
Chunk: 12

Company: Bit Digital, Inc
Filing Date: 2025-10-31
Form: S-3ASR
Chunk 12
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 resolution,
dividends may also be declared and paid out of any share premium account. The directors when paying dividends to shareholders may make
such payment either in cash or in specie.

Voting Rights. The
holders of our ordinary shares are entitled to one vote per share, including for the election of directors. Voting at any meeting of shareholders
is by show of hands unless a poll is demanded. On a show of hands, every shareholder present in person or by proxy shall have one vote.
On a poll, every shareholder entitled to vote (in person or by proxy) shall have one vote for each ordinary share and 50 votes for each
preference share for which they are the holder. A poll may be demanded by the chairman or one or more shareholders present in person or
by proxy holding not less than fifteen percent of the paid-up capital of the Company entitled to vote. A quorum required for a meeting
of shareholders consists of shareholders who hold at least one-third of our outstanding shares entitled to vote at the meeting present
in person or by proxy. A proxy form will accompany any notice of general meeting convened by the directors to facilitate the ability of
shareholders to vote by proxy.

Any ordinary resolution to
be made by the shareholders requires the affirmative vote of a simple majority of the votes cast in a general meeting (including votes
cast by holders of our preference shares), while a special resolution requires the affirmative vote of no less than two-thirds of the
votes cast (including votes cast by holders of our preference shares). Under Cayman Islands law, some matters, such as amending the memorandum
and articles, changing the name or resolving to be registered by way of continuation in a jurisdiction outside the Cayman Islands, require
approval of shareholders by a special resolution.

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There are no limitations
on non-residents or foreign shareholders in the memorandum and articles to hold or exercise voting rights on the ordinary shares imposed
by foreign law or by the charter or other constituent document of our company. However, no person will be entitled to vote at any general
meeting or at any separate meeting of the holders of the ordinary shares unless the person is registered as of the record date for such
meeting and unless all calls or other sums presently payable by the person in respect of ordinary shares in the Company have been paid.

Winding Up; Liquidation. Upon
the winding up of our company, after the full amount that holders of any issued shares ranking senior to the ordinary shares as