Company: BTBT
Filing Date: 2025-10-31
Form Type: S-3ASR
Source: 0001213900-25-104745
Chunk: 14

Company: Bit Digital, Inc
Filing Date: 2025-10-31
Form: S-3ASR
Chunk 14
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management that shareholders may consider favorable, including provisions that authorize our board of directors to issue preference shares
with enhanced rights to vote without any further vote or action by our shareholders.

Exempted Company. We
are an exempted company with limited liability under the Companies Act. The Companies Act distinguishes between ordinary resident companies
and exempted companies. Any company that is registered in the Cayman Islands but conducts business mainly outside of the Cayman Islands
may apply to be registered as an exempted company. The requirements for an exempted company are essentially the same as for an ordinary
company except that an exempted company:

| ● | does not have to file an annual return of its shareholders with the Registrar of Companies;                                                         |
| ● | is not required to open its register of members for inspection;                                                                                     |
| ● | does not have to hold an annual general meeting;                                                                                                    |
| ● | may obtain an undertaking against the imposition of any future taxation (such undertakings are usually   given for 20 years in the first instance); |

| ● | may register by way of continuation in another jurisdiction and be deregistered in the Cayman Islands; |
| ● | may register as a limited duration company; and                                                        |
| ● | may register as a segregated portfolio company.                                                        |

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“Limited liability”
means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company, other than
in certain exceptional circumstances.

Listing

The Company’s ordinary
shares are listed on the Nasdaq Capital Market under the symbol “BTBT.”

Transfer Agent and Registrar

The transfer agent and registrar
for our ordinary shares is TranShare Securities Transfer & Registrar, whose address is Bayside Center 1, 17755 North US Highway I9,
Suite 140, Clearwater, Florida 33764.

Preference Shares

Dividends.The
holders of our preference shares are entitled to receive, when, if and as paid or declared by the Directors, out of assets legally available
therefor, prior and in preference to any declaration or payment of any dividend on our ordinary shares, dividends at the annual rate of
eight percent (8%) of the original purchase price per preference share, as adjusted for any share combinations or subdivisions, bonus
issues and similar recapitalization events ("Recapitalization Events"). The right to dividends on preference shares are not
cumulative, and no right accrues to holders of preference