Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 86

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 86
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 rendering our operations obsolete.
Such actions could severely impact our ability to continue to operate and our ability to continue as a going concern or to pursue our
strategy at all, which would have a material adverse effect on our business, prospects or financial condition.

We are subject to governmental regulation and other legal obligations related to data privacy, data protection and information security. If we are unable to comply with these, we may be subject to governmental enforcement actions, litigation, fines and penalties or adverse publicity.

We
collect and process data, including personal, financial and confidential information about individuals, including our employees and business
partners; however, not of any customers or other third parties. The collection, use and processing of such data about individuals are
governed by data privacy laws and regulations enacted in the U.S. (federal and state), and other jurisdictions around the world. These
data privacy laws and regulations are complex, continue to evolve, and on occasion may be inconsistent between jurisdictions leading to
uncertainty in interpreting such laws and it is possible that these laws, regulations and requirements may be interpreted and applied
in a manner that is inconsistent with our existing information processing practices, and many of these laws are significantly litigated
and/or subject to regulatory enforcement. The implication of this includes that various federal, state and foreign legislative or regulatory
bodies may enact or adopt new or additional laws and regulations concerning data privacy, data retention, data transfer, and data protection.
Such laws may continue to restrict or dictate how we collect, maintain, combine and disseminate information and could have a material
adverse effect on our business, results of operations, financial condition and prospects.

In
the United States, there are numerous federal and state laws and regulations that could apply to our operations or the operations of our
partners, including data breach notification laws, financial information and other data privacy laws, and consumer protection laws and
regulations (e.g., Section 5 of the FTC Act), that govern the collection, use, disclosure, and protection of personal information.

For
example, California has enacted the California Consumer Privacy Act (“CCPA”) and the California Privacy Rights Act (“CPRA”),
which, among other things, allows California consumers to request that certain companies disclose the types of personal information collected
by such companies, to correct that information, to delete that information and to opt-out the sale or sharing of personal information
for cross-context behavioral advertising. the California Privacy Protection Agency (“CPPA”) has proposed new regulations to
require companies to