Company: BTBT
Filing Date: 2025-07-14
Form Type: 424B5
Source: 0001213900-25-063777
Chunk: 5

Company: Bit Digital, Inc
Filing Date: 2025-07-14
Form: 424B5
Chunk 5
---
 of July 7, 2025. Our platform includes
advanced validator operations, institutional-grade custody, active protocol governance, and yield optimization. Through strategic partnerships
across the ETH ecosystem, the Company aims to deliver exposure to secure, scalable, and compliant access to onchain yield. The Company’s
HPC business operates under the WhiteFiber Inc. (“WhiteFiber”) brand. Our operations are located in the US, Canada, and Iceland.

Given increased regulatory
clarity, including the recently passed GENIUS Act, we view ETH as a digitally native store of value and foundational infrastructure for
decentralized applications and stablecoins. Accordingly, we intend to grow our ETH position over time, supported by staking rewards. Through
staking, we earn rewards that can be reinvested into ETH or used for general corporate purposes. We believe that our strategy will drive
growth in ETH per ordinary share outstanding.

We safeguard our ETH using
institutional-grade custodians, including Fireblocks Inc. and Cactus Custody Holding Company. Over time, management expects ETH holdings
and staking income to represent the primary source of shareholder value. This strategy marks a significant evolution of our business model,
aligning our capital structure and value proposition with the performance of ETH and associated network economics. We believe this approach
offers investors a liquid, regulated vehicle for long-term ETH exposure, combining capital markets access with the income potential of
Ethereum’s proof-of-stake network.

Net proceeds from this offering
will be used to purchase Ethereum.

We have commenced a strategic
alternatives process for our bitcoin mining operations that is expected to result in their sale or wind-down, with any net proceeds to
be re-deployed into ETH. Following this offering, we intend to focus exclusively on accumulating ETH and ETH operations.

Recent Developments

Preliminary Financial Results for the Three Months Ended June 30, 2025

We expect preliminary unaudited revenue for the three months ended
June 30, 2025 will be approximately $24.3 million to $26.9 million.

The unaudited revenue for the three months ended June 30, 2025 reflects
our preliminary estimates with respect to such results based on currently available information and is subject to completion of our financial
closing procedures. Our financial closing procedures for the three months ended June 30, 2025 are not yet complete and, as a result, our
actual results may vary from the estimated preliminary results presented here and