Company: BTBT
Filing Date: 2025-09-29
Form Type: 424B5
Source: 0001213900-25-093122
Chunk: 57

Company: Bit Digital, Inc
Filing Date: 2025-09-29
Form: 424B5
Chunk 57
---
 of this clause
(2) and for the purpose of the first bullet point under “—Certain Distributions Notice,” in determining whether
any rights, options or warrants entitle the holders to subscribe for or purchase ordinary shares at a price per ordinary share that is
less than such average of the last reported sale prices of the ordinary shares for the 10 consecutive trading day period ending on, and
including, the trading day immediately preceding the date of announcement of such issuance, and in determining the aggregate offering
price of such ordinary shares, there shall be taken into account any consideration received by us for such rights, options or warrants
and any amount payable on exercise or conversion thereof, the value of such consideration, if other than cash, to be determined by us
in good faith.

| 3. | If we distribute shares of our capital stock, evidences of our indebtedness, other assets or property                                        
 of ours or rights, options or warrants to acquire our capital stock or other securities, to all or substantially all holders of the ordinary 
 shares, excluding:                                                                                                                           |

| ● | dividends, distributions or issuances (including share splits) as to which an adjustment was effected          
 (or would have been effected but for the 1% exception (as defined below)) pursuant to clause (1) or (2) above; |

| ● | except as otherwise described below, rights issued pursuant to any stockholder rights plan of ours then 
 in effect;                                                                                              |

| ● | distributions of reference property issued in exchange for, or upon conversion of, our common stock as 
 described under “—Recapitalizations, Reclassifications and Changes of the Ordinary Shares;”            |

| ● | dividends or distributions paid exclusively in cash as to which an adjustment was effected pursuant to 
 clause (4) below; and                                                                                  |

| ● | spin-offs as to which the provisions set forth below in this clause (3) shall apply; then the conversion 
 rate will be increased based on the following formula:                                                   |

where,

| CR0 | = | the conversion rate in effect immediately prior to the open of business on the ex-dividend date for such distribution; |

| CR1 | = | the conversion rate in effect immediately after the open of business on such ex-dividend date;                                                                                                                                                                                |
| SP0 | = | the average of the last reported sale prices of the ordinary shares over the 10 consecutive trading day period ending on, and including, the trading day immediately preceding the ex-dividend date for