Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 90

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 90
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 which we may conduct business, it may be a local custom that businesses engage in practices
that are prohibited by the FCPA, or other applicable laws and regulations. We face significant risks if we or any of our directors, officers,
employees, contractors, agents or other partners or representatives fail to comply with these laws and governmental authorities in the
United States and elsewhere could seek to impose substantial civil and/or criminal fines and penalties which could have a material adverse
effect on our business, reputation, operating results, prospects and financial condition.

Any
violation of the FCPA, other applicable anti-corruption laws, or anti-money laundering laws could result in whistleblower complaints,
adverse media coverage, investigations, loss of export privileges, severe criminal or civil sanctions and, in the case of the FCPA, suspension
or debarment from U.S. government contracts, any of which could have a materially adverse effect on our reputation, business, operating
results, prospects and financial condition. In addition, responding to any enforcement action or internal investigation related to alleged
misconduct may result in a significant diversion of management’s attention and resources and significant defense costs and other
professional fees.

`

Changes in tax law may negatively affect our business.

Changes to federal, state,
local and foreign tax laws have the ability to benefit or adversely affect WhiteFiber’s earnings and customer costs. Significant
changes to corporate tax rates could result in the impairment of deferred tax assets that are established based on existing law at the
time of deferral. A number of factors may increase WhiteFiber’s future effective income tax rate, including:

| ● | Governmental authorities increasing                                    
 taxes or eliminating deductions, particularly the depletion deduction. |

| ● | The jurisdictions in which 
 earnings are taxed.        |

| ● | The resolution of issues arising              
 from tax audits with various tax authorities. |

| ● | Changes in the valuation of              
 our deferred tax assets and liabilities. |

| ● | Adjustments to estimated taxes            
 upon finalization of various tax returns. |

| ● | Changes in available tax credits. |

| ● | Changes in stock-based compensation. |

| ● | Other changes in tax laws; or |

| ● | The interpretation of tax laws and/or administrative practices. |

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Our business may be adversely affected by future changes in the European Union’s regulations related to AI, which could be reflected in Icelandic and European Union countries’ domestic laws and regulations.

While
no current Icelandic legislation directly impacts col