---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-095533"
form_type: "8-K"
ticker: "BTBT"
cik: "0001710350"
company_name: "Bit Digital, Inc"
filed_at: "2025-10-02T23:59:59+00:00"
generated_at: "2026-05-17T04:56:47.590743+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bit Digital prices $150M 4% convertible notes due 2030; net proceeds ~$143M for ETH purchases

## Summary
- Offering upsized from $100M to $150M; underwriters' over-allotment option exercised in full on Sept 30.
- 4.00% coupon, maturity Oct 1, 2030; initial conversion rate 240.3846 shares/$1,000 ($4.16/sh, 30% premium).
- Net proceeds $143.3M after discounts and expenses; funds to buy Ethereum and for general corporate.
- Notes are senior unsecured; holders may convert to cash, shares, or combination at Co.'s election.
- Redemption allowed on or after Oct 6, 2028 if stock price >=130% conversion price for 20 of 30 trading days.

## SEC filing metadata
- accession: 0001213900-25-095533
- form_type: 8-K
- ticker: BTBT
- cik: 0001710350
- company_name: Bit Digital, Inc
- filed_at: 2025-10-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1710350/000121390025095533/0001213900-25-095533-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1710350/000121390025095533/ea0259669-8k_bitdigital.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-095533
- JSON: https://secwatch.observer/filing/0001213900-25-095533.json
- Plain text: https://secwatch.observer/filing/0001213900-25-095533.txt

## Key facts
- Debt Financings
  Bit Digital, Inc incurred convertible notes of additional $15 million aggregate principal amount of Notes.
  - Instrument: convertible notes
  - Principal: additional $15 million aggregate principal amount of Notes
  - Event: incurrence
  source text: the exercise in full on September 30, 2025 of the underwriters' option to purchase an additional $15 million aggregate principal amount of Notes
  evidence_url: https://www.sec.gov/Archives/edgar/data/1710350/000121390025095533/0001213900-25-095533-index.htm
- Debt Financings
  Bit Digital, Inc incurred convertible notes of $150 million aggregate principal amount with U.S. Bank Trust Company, National Association at 4.00% per year maturing October 1, 2030.
  - Instrument: convertible notes
  - Principal: $150 million aggregate principal amount
  - Counterparty: U.S. Bank Trust Company, National Association
  - Rate: 4.00% per year
  - Maturity: October 1, 2030
  - Event: incurrence
  source text: Cantor Fitzgerald & Co. and B. Riley Securities, Inc. as representatives of the several underwriters named in Schedule I thereto, in connection with the issuance and sale of $150 million aggregate principal amount of the Company’s 4.00% Convertible Senior Notes due 2030 (the “Notes”), including the exercise in full on September 30, 2025 of the underwriters’
  evidence_url: https://www.sec.gov/Archives/edgar/data/1710350/000121390025095533/0001213900-25-095533-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.