Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 393

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 4
Chunk 393
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 the industry, our business model requires us to evolve as well. From time to time, we have modified
and will continue to modify aspects of our business model relating to our strategy. We cannot offer any assurance that these or any other
modifications will be successful or will not result in harm to our business. We may not be able to manage growth effectively, which could
damage our reputation, limit our growth and negatively affect our operating results. Further, as the markets in which we operate continue
to evolve, new market participants have emerged and may continue to emerge and this may require us to further evaluate our business model
and products and services. We cannot provide any assurance that we will successfully identify all emerging trends and growth opportunities
in this business sector, and we may lose out on those opportunities. Such circumstances could have a material adverse effect on our business,
prospects or operations.

We
do not have any business interruption or disruption insurance coverage.

Currently,
we do not have any business liability or disruption insurance to cover our operations, other than director’s and officer’s
liability insurance. We have determined that the costs of insuring for these risks and the difficulties associated with acquiring such
insurance on commercially reasonable terms make it impractical for us to have such insurance. Any uninsured business disruptions may
result in our incurring substantial costs and the diversion of resources, which could have an adverse effect on our results of operations
and financial condition.

Risks
Related to the Geopolitical Uncertainty

Changes
in tariffs or import restrictions could have a material adverse effect on our business, financial condition and results of operations.

The
U.S. government has adopted new approaches to trade policy and in some cases, may renegotiate, or potentially terminate, certain
existing bilateral or multi-lateral trade agreements. The U.S. government has also imposed tariffs on certain foreign goods
and has raised the possibility of imposing significant, additional tariff increases or expanding the tariffs to capture other countries
and types of foreign goods. Because WhiteFiber is developing data centers in Canada and the United States, the imposition of tariffs
on imports between these countries or from other countries, such as a 50% tariff on copper imports announced in July 2025 by the
U.S. government, could materially impact the cost, timeline, and feasibility of our projects. Tariffs imposed by the U.S. on
imports from Mexico and Canada or from other countries, as well as reciprocal tariffs imposed by such countries on U