Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 22

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 22
---
 these employees is high, due, in part, to the nascent HPC Business workforce. In some cases, competition for these employees
is on a regional, national, or global basis. At times of low unemployment, it may be difficult for us to attract and retain qualified
and affordable personnel. A shortage in the supply of skilled personnel creates competitive hiring markets, increased labor expenses,
decreased productivity and potentially lost business opportunities to support our operating and growth strategies. Additionally, if we
are unable to hire employees with the requisite skills, it may be forced to incur significant training expenses. As a result, our ability
to maintain productivity, relationships with customers, competitive costs, and quality services are limited by the ability to employ,
retain and train the necessary skilled personnel and could negatively affect its results of operations, financial position and cash flows.

If we cannot maintain our corporate culture as we grow, we could lose the innovation, collaboration and focus that contribute to our business.

We believe that a critical
component of our success is our corporate culture, which we believe fosters innovation, encourages teamwork and cultivates creativity.
As we continue to grow, we may find it difficult to maintain these valuable aspects of our corporate culture. Any failure to preserve
our culture could negatively impact our future success, including our ability to attract and retain employees, encourage innovation and
teamwork and effectively focus on and pursue our corporate objectives.

Cybersecurity incidents and threats including cyberattacks, ransomware attacks and security breaches of cloud services and our information systems, or those impacting our third parties, could adversely impact our brand and reputation and our business, operating results, and financial condition.

Our cloud services involve
the collection, storage, processing, and transmission of confidential information, employee, service provider, and other personal data.
We have built our cloud services on the premise that we maintain a secure way to secure, store, and transact in cloud services. As a result,
any actual or perceived security breach of us or our third-party partners may:

| ● | harm our reputation and brand; |

| ● | result in our cloud services                    
 being unavailable and interrupt our operations; |

| ● | result in improper disclosure                                
 of data and violations of applicable privacy and other laws; |

| ● | result in significant regulatory scrutiny, investigations, fines, penalties, and other legal, regulatory, and financial exposure;                            |
| ● | result in exposure to claims for damages and other remedies by our customers and individuals whose personal data is the subject to a cybersecurity incident;