Company: BTBT
Filing Date: 2025-10-31
Form Type: S-3ASR
Source: 0001213900-25-104745
Chunk: 57

Company: Bit Digital, Inc
Filing Date: 2025-10-31
Form: S-3ASR
Chunk 57
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 caused by earthquakes, tornadoes or 
 other natural disasters;                                 |

| ● | issuance of new or changed securities analysts’ reports 
 or recommendations regarding us;                        |

| ● | legal proceedings involving our company, our industry or 
 both;                                                    |

| ● | changes in market valuations of companies similar to ours; |

| ● | the prospects of the industry in which we operate; |

| ● | speculation or reports by the press or investment community 
 with respect to us or our industry in general;              |

| ● | fluctuations in the market price of crypto assets, notably 
 Ethereum;                                                  |

| ● | the level of short interest in our shares; and |

In addition, the stock markets in general have
experienced extreme volatility that has often been unrelated to the operating performance of issuers. These broad market fluctuations
may negatively impact the price or liquidity of our ordinary shares. When the price of a stock has been volatile, holders of that stock
have sometimes instituted securities class action litigation against the issuer, which requires significant management time and attention,
resulting in significant legal expenses and potential damages.

<div align='center'>S-6</div>

The trading price of WhiteFiber’s ordinary shares may fluctuate significantly and WhiteFiber’s financial condition, results of operations and its ability to meet its targeted expectations may be impacted due to a number of factors.

On August 8, 2025, WhiteFiber completed its initial
public offering and its ordinary shares began trading as a separate publicly traded company on the Nasdaq Stock Market LLC under the symbol
“WYFI.” The market price of WhiteFiber ordinary shares may fluctuate significantly and WhiteFiber’s financial condition,
results of operations and its ability to meet its targeted expectations may be impacted due to a number of factors, some of which may
be beyond WhiteFiber’s control, including:

| ● | actual or anticipated fluctuations in our financial condition                      
 and operating results or those of companies perceived to be similar to WhiteFiber; |

| ● | actual or anticipated changes in its growth rate relative                   
 to its competitors in the rapidly evolving industries in which it operates; |

| ● | the capital-intensive nature of the industries in which it                                                                                     
 operates and its ability to successfully raise capital on favorable terms or at all. For example, without obtaining additional debt financing, 
 WhiteFiber will not have sufficient funds to retrofit NC-1 into a HPC data center or achieve its estimated 76 MW (gross) of total HPC