Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 52

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 52
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, is subject to a high degree
of uncertainty, and the slowing or stopping of the development or acceptance of developing protocols may occur unpredictably. The factors
include, but are not limited to:

| ● | continued worldwide growth in the adoption and use of digital assets as a medium to exchange; |

| ● | governmental and quasi-governmental regulation of digital assets and their use, or restrictions on or regulation of access to and operation of the network or similar bitcoin systems; |

| ● | changes in consumer demographics and public tastes and preferences; |

| ● | the maintenance and development of the open-source software protocol of the network; |

| ● | the increased consolidation of contributors to the bitcoin blockchain through mining pools; |

| ● | the availability and popularity of other forms or methods of buying and selling goods and services, including new means of using fiat currencies; |

| ● | the use of the networks supporting digital assets for developing smart contracts and distributed applications; |

| ● | general economic conditions and the regulatory environment relating to digital assets; and |

| ● | negative consumer sentiment and perception of bitcoin specifically and digital assets generally. |

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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