Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 44

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 44
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 we may not be able to provide sufficient service to our existing
customers or may be required to limit new customer acquisition, both of which may materially and adversely impair our results of operations.

Similarly,
we have entered into multi-year contract commitments with our service providers in Iceland and Canada. If we overestimate our capacity
requirements and therefore secure excess capacity and have excess capital expenditures, our operating margins could be materially reduced.

Certain natural disasters or other external events, including climate change or mechanical failures, could harm our business, financial condition, results of operations, cash flows, and prospects.

We
may also experience disruptions due to mechanical failure, human error, physical or electronic security breaches, war, terrorism, fire,
earthquake, pandemics, hurricane, flood and other natural disasters, sabotage and vandalism. Our systems may be susceptible to damage,
interference, or interruption from modifications or upgrades, power loss, telecommunications failures, computer viruses, ransomware attacks,
computer denial of service attacks, phishing schemes, or other attempts to harm or access our systems. Such disruptions could materially
and adversely affect our business and our financial condition, operating results, cash flows, and prospects.

In
addition, there continues to be a lack of consistent climate legislation, which creates economic and regulatory uncertainty for our business.
With the energy demand of our business, we may become a target for future environmental and energy regulation. New legislation and increased
regulation regarding climate change could impose significant costs on us and our suppliers, including costs related to increased energy
requirements, capital equipment, environmental monitoring and reporting, and other costs to comply with such regulations. Further, any
future climate change regulations could also negatively impact our ability to compete with companies situated in areas not subject to
such limitations.

<div align='center'>22</div>

Given
the political significance and uncertainty around the impact of climate change and how it should be addressed, and energy disclosure and
use regulations, we cannot predict how legislation and regulation will affect our financial condition and results of operations in the
future in the U.S. as well as in Iceland and Canada. Further, even without such regulation, increased awareness and any adverse publicity
in the global marketplace about potential impacts on climate change or energy use by us or other companies in our industry could harm
our reputation. Any of the foregoing could result in a material adverse effect on our business and financial condition.

Establishing data centers in remote areas may adversely affect our ability to retain staff and increase our compensation costs.

If we establish data centers
in areas