Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 170

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 170
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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, 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 may be negatively impacted by future
litigation, claims or investigations.

We may become party to, among
other things, environmental, commercial, contract, warranty, antitrust, tax, property entitlements and land use, product liability, health
and safety, and employment claims. The outcome of any future lawsuits, claims, investigations or proceedings is often difficult to predict
and could be adverse and material in amount. In addition to the monetary cost, litigation can divert management’s attention from
its core business opportunities. Development of new information in these matters can often lead to changes in management’s estimated
liabilities associated with these proceedings including the judge’s rulings or judgements, jury verdicts, settlements or changes
in applicable law. The outcome of such matters is often difficult to predict and unfavorable outcomes could have a material impact to
our results of operations, financial position and cash flows.

Changes in tax law may negatively affect
our business.

Changes to federal, state,
local and foreign tax laws have the ability to benefit or adversely affect our earnings and our customer costs. Significant changes to
corporate tax rates could result in the impairment of deferred tax assets that are established based on existing law at the time of deferral.
A number of factors may increase WhiteFiber’s future effective income tax rate, including:

●Governmental
authorities increasing taxes or eliminating deductions, particularly the depletion deduction.

●The
jurisdictions in which earnings are taxed.

●The
resolution of issues arising from tax audits with various tax authorities.

●Changes
in the valuation of our deferred tax assets and liabilities.

●Adjustments
to estimated taxes upon finalization of various tax returns.

●Changes
in available tax credits.

●Changes
in stock-based compensation.

●Other
changes in tax laws.

●The
interpretation of tax laws and/or administrative practices.

Our operations could be negatively impacted by import tariffs
and/or other government mandates.

We operate in or provides
services