Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 48

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 48
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 had an adverse effect on the Company’s business and financial
condition. Such recent events have contributed, at least in part, to our and our peers stock price as well as the price of bitcoin.
If the liquidity of the digital assets markets continues to be negatively impacted, digital asset prices (including the price of bitcoin)
may continue to experience significant volatility and confidence in the digital asset markets may be further undermined. A perceived lack
of stability in the digital asset exchange market and the closure or temporary shutdown of digital asset exchanges due to business failure,
hackers or malware, government-mandated regulation, or fraud, may reduce confidence in digital asset networks and result in greater volatility
in digital asset values. Any of these events may adversely affect our operations and results of operations and, consequently, an investment
in us.

We may be unable to raise additional capital needed to grow our business.

We may need to raise additional capital to expand
our ETH staking and treasury management operations, pursue our growth strategies and to respond to competitive pressures or working capital
requirements. While we have an effective $500,000,000 at the market shelf registration statement, we may not be able to obtain additional
debt or equity financing on favorable terms, which could impair our growth and adversely affect our existing operations. The global economy,
including credit and financial markets, has experienced extreme volatility and disruptions, including diminished credit availability,
rising interest and inflation rates, declines in consumer confidence, declines in economic growth, increases in unemployment rates and
uncertainty about economic stability. Such macroeconomic conditions could also make it more difficult for us to incur additional debt
or obtain equity financing.

If we raise additional equity financing, our shareholders
may experience significant dilution of their ownership interests, and the per share value of our Ordinary Shares could decline. Furthermore,
if we engage in debt financing, the holders of debt likely would have priority over the holders of our Ordinary Shares on order of payment
preference. We may be required to accept terms that restrict or limit our ability to, among other things:

| ● | Pay cash dividends to our stockholders, subject to certain limited exceptions;                                                                                                |
| ● | Redeem or repurchase our ordinary shares or other equity;                                                                                                                     |
| ● | Incur additional indebtedness;                                                                                                                                                |
| ● | Permit liens on assets;                                                                                                                                                       |
| ● | Make certain investments (including through the acquisition of stock, shares, partnership or limited liability company interests, any loan, advance or capital contribution); |
| ● |