Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 65

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 65
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 or botnet to manipulate a blockchain in a manner that adversely affects the network and our activities. A reduction
in confidence in the confirmation process or processing power of the network could result and be irreversible. Such events could have
a material adverse effect on our ability to continue to pursue our business strategy at all, which could have a material adverse effect
on our business, prospects or operations and potentially the value of any bitcoin or other digital assets we mine, whether now or in the
future, or otherwise acquire or hold for our own account. While bitcoin prices have had a history of price fluctuations around the halving
of its bitcoin rewards, there is no guarantee that the price change will be favorable or would compensate for the reduction in mining
reward. If a corresponding and proportionate increase in the trading price of bitcoin does not follow these anticipated halving events,
the revenue we earn from our mining operations would see a corresponding decrease, which would have a material adverse effect on our business
and operations.

The impact of social media and influencers on the price for digital assets is uncertain.

Renowned persons, including social media influencers,
may publicly discuss their holdings (or the holdings of companies with which they are affiliated) of bitcoin or their intent to buy or
sell large quantities of bitcoin. This may have a dramatic impact on the price of bitcoin, both up and down. At a minimum, these public
statements delivered through social media, such as X (formerly Twitter), may cause the price of bitcoin to experience significant volatility.
These episodes could have a material adverse impact on the value of our bitcoin holdings as well as the prices of bitcoin that we may
sell.

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We may not be able to realize the benefits of forks.

To the extent that a significant majority of users
and miners on a bitcoin network install software that changes the bitcoin network or properties of a bitcoin, including the irreversibility
of transactions and limitations on the mining of new bitcoin, the bitcoin network would be subject to new protocols and software. However,
if less than a significant majority of users and miners on the bitcoin network consent to the proposed modification, and the modification
is not compatible with the software prior to its modification, the consequence would be what is known as a “fork” of the network,
with one prong running the pre-modified software and the other running the modified software. The effect of such a fork would be the existence
of two versions of the bitcoin running in parallel yet lacking interchangeability and necessitating exchange