Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 23

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 23
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| ● | cause us to incur significant       
 remediation and notification costs; |

| ● | divert the attention of management      
 from the operation of our business; and |

| ● | adversely affect our business 
 and operating results.        |

<div align='center'>9</div>

Further, any actual or perceived
breach or cybersecurity incident or attack, whether or not we are directly impacted, could lead to a general loss of customer confidence
in the digital asset industry or in the use of technology to conduct financial transactions, which could negatively impact us, including
the market perception of the effectiveness of our security measures and technology infrastructure. Certain kinds of cybersecurity incidents
and attacks, such as ransomware attacks, could result in the interruption of our cloud services and information systems, and result in
the inability to access and loss of data.

An increasing number of organizations,
including large merchants, businesses, technology companies, and financial institutions, as well as government institutions, have disclosed
breaches of their information security systems, some of which have involved sophisticated and highly targeted attacks, including on their
websites, mobile applications, and infrastructure.

Cybersecurity incidents and
attacks upon systems across a variety of industries, including cloud services, are increasing in their frequency, persistence, and sophistication,
and, in many cases, are being conducted by sophisticated, well-funded, and organized groups and individuals, including state actors. The
techniques used to obtain unauthorized, improper, or illegal access to systems and information (including customers and partners’
personal data, AI algorithms, disable or degrade services, or sabotage systems are constantly evolving, may be difficult to detect quickly,
and often are not recognized or detected until after they have been launched against a target. These attacks may occur on our cloud services
or those of our third-party service providers or partners. Certain types of cyberattacks could harm us even if our systems are left undisturbed.
For example, attacks may be designed to deceive employees and service providers into releasing control of our systems to a hacker, while
others may aim to introduce computer viruses or malware into our cloud services with a view to stealing confidential or proprietary data.
Additionally, certain threats are designed to remain dormant or undetectable until launched against a target and we may not be able to
implement adequate preventative measures.

Although we have developed
systems and processes designed to protect our information systems and the data we manage, prevent cybersecurity incidents, data loss and
other security breaches, effectively respond to known and manage, prevent cybersecurity incidents,