Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 54

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 54
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 may render present security protocols and procedures
ineffective in ways which we cannot predict. If our security procedures and protocols are ineffectual and our digital assets are compromised
by cybercriminals, we may not have adequate recourse to recover our losses stemming from such compromise and we may lose much of the accumulated
value of our bitcoin mining activities. This would have a material adverse impact on our business and operations.

The impact of geopolitical and economic events on the supply and demand for digital assets is uncertain.

Geopolitical crises may motivate large-scale purchases
of bitcoin and other digital assets, which could increase the price of bitcoin and other digital assets rapidly. This may increase the
likelihood of a subsequent price decrease as crisis-driven purchasing behavior dissipates, adversely affecting the value of our inventory
following such downward adjustment. Such risks are similar to the risks of purchasing commodities in general uncertain times, such as
the risk of purchasing, holding or selling gold. Alternatively, as an emerging asset class with limited acceptance as a payment system
or commodity, global crises and general economic downturn may discourage investment in digital assets as investors focus their investment
on less volatile asset classes as a means of hedging their investment risk.

As an alternative to fiat currencies that are
backed by central governments, digital assets, which are relatively new, are subject to supply and demand forces. How such supply and
demand will be impacted by geopolitical events is largely uncertain, but could be harmful to us and investors in our Ordinary Shares.
Political or economic crises, including recent bank failures, may motivate large-scale acquisitions or sales of digital assets either
globally or locally. Such events 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 business, prospects or operations and potentially the value of any
bitcoin or any other digital assets we mine or otherwise acquire or hold for our own account.

Acceptance and/or widespread use of bitcoin is uncertain.

Currently, there is a relatively limited use of
any bitcoin in the retail and commercial marketplace, thus contributing to price volatility that could adversely affect an investment
in our securities. Banks and other established financial institutions may refuse to process funds for bitcoin transactions, process wire
transfers to or from bitcoin exchanges, bitcoin-related companies or service providers, or maintain accounts for persons or entities transacting
in bitcoin. Conversely, a significant portion of bitcoin demand is generated by investors seeking a long-term store of value or speculators
seeking to