Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 89

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 89
---
before conducting construction or regulated activities; restrictions on the types, quantities and concentration of materials that can
be released into the environment; limitation or prohibition of construction and operating activities in environmentally sensitive areas,
such as wetlands; imposing specific health and safety standards addressing worker protection; and imposition of significant liabilities
for pollution resulting from our operations, including investigation, remedial and clean-up costs. Failure to comply with these requirements
may expose us to fines, penalties and/or interruptions in our operations that could have a material adverse effect on our financial position,
results of operations and cash flows. Certain environmental laws may impose strict, joint and several liability for costs required to
clean up and restore sites where hazardous substances have been disposed or otherwise released into the environment, even under circumstances
where the hazardous substances were released by prior owners or operators or the activities conducted and from which a release emanated
complied with applicable law. Moreover, it is not uncommon for neighboring landowners and other third parties to file claims for personal
injury and property damage allegedly caused by noise or the release of hazardous substances into the environment.

The
trend in environmental regulation has been to place more restrictions and limitations on activities that may be perceived to impact the
environment, and thus there can be no assurance as to the amount or timing of future expenditures for environmental regulation compliance
or remediation. New or revised regulations that result in increased compliance costs or additional operating restrictions could have
a material adverse effect on our financial position, results of operations and cash flows.

<div align='center'>48</div>

Failure to comply with anti-corruption and anti-money laundering laws, including the Foreign Corrupt Practices Act (the “FCPA”) and similar laws associated with our activities outside of the United States, could subject us to penalties and other adverse consequences.

We
operate an international business and may have direct or indirect interactions with officials and employees of government agencies or
state-owned or affiliated entities. We are subject to the FCPA, and other applicable anti-corruption and anti-money laundering laws in
certain countries in which we conduct activities. The FCPA prohibits providing, offering, promising, or authorizing, directly or indirectly,
anything of value to government officials, political parties, or political candidates for the purpose of obtaining or retaining business
or securing any improper business advantage. In addition, U.S. public companies are required to maintain records that accurately and fairly
represent their transactions and have an adequate system of internal accounting controls.

In
many foreign countries, including countries in