Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 81

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 81
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 changes that would require companies to include certain climate-related disclosures
such as climate-related risks that are reasonably likely to have a material impact on business, results of operations, or financial conditions.
Should such proposed rules be adopted, increased public scrutiny of our business may affect our operations, competitive position, and
financial condition.

In
addition, the physical risks of climate change may impact the availability and cost of materials and natural resources, sources and supply
of energy, could increase our insurance and other operating costs, including, potentially, to repair damage incurred as a result of extreme
weather events or to renovate or retrofit facilities to better withstand extreme weather events. If environmental laws or regulations
or industry standards in the U.S., Iceland or Canada are either changed or adopted and impose significant operational restrictions and
compliance requirements on our operations, or if our operations are disrupted due to the physical impacts of climate change, our business,
capital expenditures, results of operations, financial condition and competitive position could be negatively impacted.

We may depend upon outside advisors who may not be available on reasonable terms as needed.

To
supplement the business experience of our officers and directors, we employ technical experts, appraisers, attorneys, or other consultants
or advisors. Our management, with our board of directors’ approval in certain cases, without any input from shareholders will make
the selection of any such advisors. Furthermore, it is anticipated that such persons may be engaged on an “as needed” basis
without a continuing fiduciary or other obligation to us. In the event we consider it necessary to hire outside advisors, we may elect
to hire persons who are affiliates, if they are able to provide the required services.

The nature of our business requires the application of complex financial accounting rules, and there is limited guidance from accounting standard setting bodies. If financial accounting standards undergo significant changes, our operating results could be adversely affected.

The
accounting rules and regulations that we must comply with are complex and subject to interpretation by the Financial Accounting Standards
Board (“FASB”), the SEC, and various bodies formed to promulgate and interpret appropriate accounting principles. A change
in these principles or interpretations could have a significant effect on our reported financial results, and may even affect the reporting
of transactions completed before the announcement or effectiveness of a change. Recent actions and public comments from the FASB and the
SEC have focused on the integrity of financial reporting and internal controls. In addition, many companies’ accounting policies
are being subject to heightened scrutiny by