Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 69

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 69
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 actor could compromise more than the threshold and thereby gain control of the blockchain, whereas if
the blockchain remains decentralized it is inherently more difficult for the botnet of malicious actor to aggregate enough processing
power to gain control of the blockchain, which may adversely affect an investment in our Ordinary Shares. Such lack of controls and responses
to such circumstances could have a material adverse effect on our ability to continue as a going concern or to pursue our new 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 or otherwise acquire or hold for our own account, and harm investors.

We are subject to risks associated with our need for significant electrical power. Government regulators may potentially restrict the ability of electricity suppliers to provide electricity to mining operations, such as ours.

The operation of a bitcoin or other digital asset
mine can require massive amounts of electrical power. Further, our mining operations can only be successful and ultimately profitable
if the costs, including electrical power costs, associated with mining a bitcoin are lower than the price of a bitcoin. As a result, any
mine we establish can only be successful if we can obtain sufficient electrical power for that mine on a cost-effective basis, and our
establishment of new mines requires us to find locations where that is the case. There may be significant competition for suitable mine
locations, and government regulators may potentially restrict the ability of electricity suppliers to provide electricity to mining operations
in times of electricity shortage or may otherwise potentially restrict or prohibit the provision or electricity to mining operations.

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Any shortage of electricity supply or increase
in electricity cost in a jurisdiction may negatively impact the viability and the expected economic return for bitcoin mining activities
in that jurisdiction. In addition, the significant consumption of electricity may have a negative environmental impact, including contribution
to climate change, which may give rise to public opinion against allowing the use of electricity for bitcoin mining activities or government
measures restricting or prohibiting the use of electricity for bitcoin mining activities.

We may not adequately respond to price fluctuations and rapidly changing technology, which may negatively affect our business.

Competitive conditions within the digital asset
industry require that we use sophisticated technology in the operation of our business. The industry for blockchain technology is characterized
by rapid technological changes, new product introductions, enhancements and evolving industry standards. New technologies, techniques
or products could emerge that might offer better performance than the software and other technologies we currently utilize, and we