Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 52

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 52
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The outcome of these factors could have negative
effects on our ability to continue as a going concern or to pursue our business strategy at all, which could have a material adverse effect
on our business, prospects or operations as well as potentially negative effect on the value of any bitcoin or other digital assets we
mine or otherwise acquire or hold for our own account, which would harm investors in our securities.

Banks and financial institutions may not provide banking services, or may cut off services, to businesses that engage in cryptocurrency-related activities or that accept digital assets as payment, including financial institutions of investors in our securities.

A number of companies that engage in bitcoin and/or
other bitcoin-related activities have been unable to find banks or financial institutions that are willing to provide them with bank accounts
and other services. This is particularly true as a result of recent bank failures, which were connected to cryptocurrency activities.
Similarly, a number of companies and individuals or businesses associated with digital assets may have had and may continue to have their
existing bank accounts closed or services discontinued with financial institutions in response to government action, particularly in China,
where regulatory response to digital assets has been to exclude their use for ordinary consumer transactions within its jurisdiction.

Subject to such restrictions, we also may be unable
to obtain or maintain these services for our business. The difficulty that many businesses in our industry and in related industries have
and may continue to have in finding banks and financial institutions willing to provide them services may now, and in the future, decrease
the usefulness of digital assets as a payment system, harm public perception of digital assets and decrease their usefulness.

The usefulness of digital assets as a payment
system and the public perception of digital assets could be damaged if banks or financial institutions were to close the accounts of businesses
engaging in bitcoin and/or other bitcoin-related activities. This could occur as a result of compliance risk, cost, government regulation
or public pressure. The risk applies to securities firms, clearance and settlement firms, national stock and derivatives on commodities
exchanges, the over-the-counter market, and the Depository Trust Company, which, if any of such entities adopts or implements similar
policies, rules or regulations, could negatively affect our relationships with financial institutions and impede our ability to convert
digital assets to fiat currencies. Such factors could have a material adverse effect on our ability to continue as a going concern or
to pursue our new strategy at all, which could have a material adverse effect on our