Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 24

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 24
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 data loss and other security breaches,
effectively respond to known and potential risks, and expect to continue to expend significant resources to bolster these protections,
there can be no assurance that these security measures will provide absolute security or prevent breaches or attacks. We have experienced
from time to time, and may experience in the future, breaches of our security measures due to human error, malfeasance, insider threats,
system errors or vulnerabilities, or other irregularities. Unauthorized parties have attempted, and we expect that they will continue
to attempt, to gain access to our systems and facilities, as well as those of our customers, partners, and third-party service providers,
through various means, including hacking, social engineering, phishing, and attempting to fraudulently induce individuals (including employees,
service providers, and our customers) into disclosing usernames, passwords, payment card information, or other sensitive information,
which may, in turn, be used to access our cloud services. Threats can come from a variety of sources, including criminal hackers, hacktivists,
state-sponsored intrusions, industrial espionage, and insiders. Certain threat actors may be supported by significant financial and technological
resources, making them even more sophisticated and difficult to detect.

We may be vulnerable to physical security breaches, which could disrupt our operations and have a material adverse effect on our business, financial condition and results of operations.

A party who is able to compromise
the physical security measures protecting our facilities could cause interruptions or malfunctions in our operations and misappropriate
our property or the property of our customers. As we provide assurances to our customers that we provide the highest level of security,
such a compromise could be particularly harmful to our brand and reputation. We may be required to expend significant capital and resources
to protect against such threats or to alleviate problems caused by breaches in security. As techniques used to breach security change
frequently and are often not recognized until launched against a target, we may not be able to implement new security measures in a timely
manner or, if and when implemented, we may not be certain whether these measures could be circumvented. Any breaches that may occur could
expose us to increased risk of lawsuits, regulatory penalties, loss of existing or potential customers, harm to our reputation and increases
in our security costs, which could have a material adverse effect on our business, financial condition and results of operations.

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Supply chain disruptions may adversely affect WhiteFiber’s operations.

We are a provider of Graphic
Processing Units