Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 88

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 88
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 results of operations
and, as a result, our company. In addition, we, our subsidiaries or our business affiliates may not have adequate insurance coverage to
compensate for losses.

Foreign
data privacy laws, such as the General Data Protection Regulation (“GDPR”) in the European Union and the United Kingdom Data
Protection Act (“UK GDPR”) impose data privacy and security requirements that may impact our ability to collect and process
personal information of residents of the EU and the UK. The transfer of personal information from such jurisdictions may be subject to
additional restrictions and require the use of transfer mechanisms recognized by GDPR and UK GDPR, such as the use of Standard Contractual
Clauses, which impose numerous obligations on data importers and exporters. Violations of the GDPR or UK GDPR could impose us to fines
of up to €20 million, or up to 4% of the annual worldwide turnover of the preceding financial year, whichever is greater.

Existing and increasing legal and regulatory requirements could adversely affect our results of operations.

We
are subject to a wide range of laws, regulations, and legal requirements in the U.S. and globally, including those that may apply to our
products and online services offerings, and those that impose requirements related to user privacy, data security, telecommunications,
data storage and protection, advertising, and online content. Laws in several jurisdictions, including EU Member State laws under the
European Electronic Communications Code, increasingly define certain of our services as regulated telecommunications services. This trend
may continue and will result in these offerings being subjected to additional data protection, security, law enforcement surveillance,
and other obligations. Regulators and private litigants may assert that our collection, use, and management of customer data and other
information is inconsistent with their laws and regulations, including laws that apply to the tracking of users via technology such as
cookies. New environmental, social, and governance laws and regulations are expanding mandatory disclosure, reporting, and diligence requirements.
Legislative or regulatory action relating to cybersecurity requirements may increase the costs to develop, implement, or secure our products
and services. Compliance with evolving digital accessibility laws and standards will require engineering and is important to our efforts
to empower all people and organizations to achieve more. Legislative and regulatory action is emerging in the areas of AI and content
moderation, which could increase costs or restrict opportunity. For example, in the EU, an AI Act has entered into force, and may entail
increased costs or decreased opportunities for the operation of our AI services in the European