Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 554

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1A
Chunk 554
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 in connection with certain events such as the acquisition of stock or assets of another company, the establishment
of or amendments to equity-based compensation plans for employees, a change of control and certain private placements. The regulatory
and compliance costs associated with the reporting and governance requirements applicable to U.S. domestic issuers may be significantly
higher than the costs we previously incurred as a foreign private issuer.

The regulatory and compliance
costs associated with the reporting and governance requirements applicable to U.S. domestic issuers may be significantly higher than the
costs we previously incurred as a foreign private issuer. We expect to continue to incur significant legal, accounting, insurance and
other expenses and to expend greater time and resources to comply with these requirements. In addition, we may need to develop our reporting
and compliance infrastructure and may face challenges in complying with the new requirements applicable to us.

72

We incur significant
costs as a result of being a public company and will continue to do so in the future, particularly as we cease to qualify as an “emerging
growth company.”

We incur significant
legal, accounting and other expenses as a public company. The Sarbanes-Oxley Act of 2002, as well as rules subsequently implemented by
the SEC and the NASDAQ Capital Market, impose various requirements on the corporate governance practices of public companies. We have
been an “emerging growth company,” as set forth above, and remained an emerging growth company until December 31, 2023, which
was the earlier of (1) the last day of the fiscal year (a) ending December 31, 2023, or (b) in which we have a total annual gross revenue
of at least $1.07 billion, or (c) in which we are deemed to be a large accelerated filer, which means the market value of our Ordinary
Shares that is held by non-affiliates exceeds $700 million as of the prior June 30th, and (2) the date on which we have issued
more than $1.0 billion in non-convertible debt during the prior three-year period. An emerging growth company may take advantage of specified
reduced reporting and other requirements that are otherwise applicable generally to public companies. Because, since January 1, 2024,
we are no longer an emerging growth company, we may incur additional costs which could have a material adverse effect on our financial
condition.

Item 1B. Unresolved Staff Comments

Not applicable.