Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 83

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 83
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 to the transfer or export of AI technology to Iceland from the U.S., which
would make it more difficult and expensive to continue to maintain or grow our clouds services business in Iceland. Increasing use of
economic sanctions may also impact demand for our services, negatively impacting our business and financial results. Additional unilateral
or multilateral controls are also likely to include deemed export control limitations that negatively impact the ability of our research
and development teams to execute our roadmap or other objectives in a timely manner. Additional export restrictions may not only impact
our ability to serve overseas markets, but also provoke responses from foreign governments, including China, that negatively impact our
ability to provide our services to customers in all markets worldwide, which could also substantially reduce our revenue. See “Changes in tariffs or import restrictions could have a material adverse effect on our business, financial condition and results of operations.”

Management
of the requirements of the supply chain is complicated and time consuming. Our results and competitive position may be harmed if we are
restricted in offering our services, if customers purchase services from competitors, if customers develop their own cloud services, if
we are unable to provide contractual warranty or other extended service obligations.

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Our cloud services business is subject to complex and evolving U.S. and foreign laws and regulations regarding AI, machine learning, and automated decision making.

In recent years the use of
machine learning, AI and automated decision making, has come under increased regulatory scrutiny, and governments and regulators in the
United States, European Union, and other places have announced the need for greater regulation regarding the use of machine learning and
AI generally. New laws, guidance, and decisions in this area may limit WhiteFiber’s cloud services business, or require the Company
to make changes to its clouds service technology and infrastructure and our operations that may decrease our operational efficiency, result
in an increase to operating costs and/or hinder our ability to provide or improve our cloud services.

For example, certain global
privacy laws regulate the use of automated decision making and may require that the existence of automated decision making be disclosed
to the data subject with a meaningful explanation of the logic used in such decision making in certain circumstances, and that safeguards
must be implemented to safeguard individual rights, including the right to obtain human intervention and to contest any decision. Other
global privacy laws allow individuals the right to opt out of certain automated processing of personal data and create other requirements
that impact automated decision-making. At the federal level, the scope and extent of