Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 53

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 53
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 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 business, prospects or operations and harm investors.

Although we have developed systems and processes
designed to protect the data we manage, prevent data loss and other security breaches, effectively respond to known and potential risks,
and expect to continue to expend significant resources to bolster these protections, there can be no assurance that these security measures
will provide absolute security or prevent breaches or attacks. We have experienced from time to time, and may experience in the future,
breaches of our security measures due to human error, malfeasance, insider threats, system errors or vulnerabilities, or other irregularities.
Unauthorized parties have attempted, and we expect that they will continue to attempt, to gain access to our systems and facilities, as
well as those of our customers, partners, and third-party service providers, through various means, including hacking, social engineering,
phishing, and attempting to fraudulently induce individuals (including employees, service providers, and our customers) into disclosing
usernames, passwords, payment card information, or other sensitive information, which may, in turn, be used to access our information
technology systems and our digital assets. Threats can come from a variety of sources, including criminal hackers, hacktivists, state-sponsored
intrusions, industrial espionage, and insiders. Certain threat actors may be supported by significant financial and technological resources,
making them even more sophisticated and difficult to detect. As a result, our