Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 22

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 22
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As we continue to grow, we may find it difficult to maintain these valuable aspects of our corporate culture. Any failure to preserve
our culture could negatively impact our future success, including our ability to attract and retain employees, encourage innovation and
teamwork and effectively focus on and pursue our corporate objectives.

Cybersecurity incidents and threats including cyberattacks, ransomware attacks and security breaches of cloud services and our information systems, or those impacting our third parties, could adversely impact our brand and reputation and our business, operating results, and financial condition.

Our cloud services involve
the collection, storage, processing, and transmission of confidential information, employee, service provider, and other personal data.
We have built our cloud services on the premise that we maintain a secure way to secure, store, and transact in cloud services. As a result,
any actual or perceived security breach of us or our third-party partners may:

| ● | harm our reputation and brand; |

| ● | result in our cloud services                    
 being unavailable and interrupt our operations; |

| ● | result in improper disclosure                                
 of data and violations of applicable privacy and other laws; |

| ● | result in significant regulatory scrutiny, investigations, fines, penalties, and other legal, regulatory, and financial exposure;                            |
| ● | result in exposure to claims for damages and other remedies by our customers and individuals whose personal data is the subject to a cybersecurity incident; |

| ● | 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.        |

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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