Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 93

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 93
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 law.

Regulatory restrictions that target AI, including, but not limited to, export restrictions may have a material adverse impact on our intended operations.

The increasing focus on the strategic importance
of AI technologies has already resulted in regulatory restrictions that target products and services capable of enabling or facilitating
AI, and may in the future result in additional restrictions impacting some or all of our service offerings. Such restrictions could include
additional unilateral or multilateral export controls on certain products or technology, including, but not limited to, AI technologies.
As geopolitical tensions have increased, semiconductors associated with AI, including GPUs and associated products, are increasingly the
focus of export control restrictions proposed by stakeholders in the U.S. and its allies, and it is likely that additional unilateral
or multilateral controls will be adopted. Such controls may be very broad in scope and application, prohibit us from exporting our services
to any or all customers in one or more markets or could impose other conditions that limit our ability to serve demand abroad and could
negatively and materially impact our business, revenue, and financial results. Export controls targeting GPUs and semiconductors associated
with AI, which are increasingly likely, would restrict our ability to export our technology, services even though competitors may not
be subject to similar restrictions, creating a competitive disadvantage for us and negatively impacting our business and financial results.
Increasing use of economic sanctions may also impact demand for our services, negatively impacting our business and financial results.
Additional unilateral or multilateral controls are also likely to include deemed export control limitations that negatively impact the
ability of our research and development teams to execute our roadmap or other objectives in a timely manner. Additional export restrictions
may not only impact our ability to serve overseas markets, but also provoke responses from foreign governments, including China, that
negatively impact our ability to provide our services to customers in all markets worldwide, which could also substantially reduce our
revenue.

During the third quarter of fiscal year 2023,
the U.S. government announced new export restrictions and export licensing requirements targeting China’s semiconductor and supercomputing
industries. These restrictions impact exports of certain chips, as well as software, hardware, equipment, and technology used to develop,
produce, and manufacture certain chips, to China (including Hong Kong and Macau) and Russia. The new license requirements also apply to
any future NVIDIA integrated circuit achieving certain peak performance and chip-to-chip I/O performance thresholds, as well as any system
or board that includes those circuits. There are