Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 545

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1A
Chunk 545
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 on an “as needed”
basis without a continuing fiduciary or other obligation to us. In the event we consider it necessary to hire outside advisors, we may
elect to hire persons who are affiliates, if they are able to provide the required services.

The nature of our business requires the
application of complex financial accounting rules, and there is limited guidance from accounting standard setting bodies. If financial
accounting standards undergo significant changes, our operating results could be adversely affected.

The
accounting rules and regulations that we must comply with are complex and subject to interpretation by the Financial Accounting Standards
Board (“FASB”), the SEC, and various bodies formed to promulgate and interpret appropriate accounting principles. A change
in these principles or interpretations could have a significant effect on our reported financial results, and may even affect the reporting
of transactions completed before the announcement or effectiveness of a change. Recent actions and public comments from the FASB and the
SEC have focused on the integrity of financial reporting and internal controls. In addition, many companies’ accounting policies
are being subject to heightened scrutiny by regulators and the public. Further, there have been limited precedents for the financial accounting
of cryptoassets and related valuation and revenue recognition, and no official guidance has been provided by the FASB or the SEC. Uncertainties
or changes in regulatory or financial accounting standards could result in the need to change our accounting methods and restate our financial
statements and impair our ability to provide timely and accurate financial information, which could adversely affect our financial statements,
result in a loss of investor confidence, and more generally impact our business, operating results, and financial condition.

67

Risks Related to Our
Ordinary Shares

The trading price of
our Ordinary Shares is subject to pricing factors that are not necessarily associated with traditional factors that influence stock prices
or the value of non-bitcoin assets such as revenue, cash flows, profitability, growth prospects or business activity levels since the
value and price, as determined by the investing public, may be influenced by future anticipated adoption or appreciation in value of digital
assets or blockchains generally, factors over which we have little or no influence or control.

Other factors that could
cause volatility in the market price of our Ordinary Shares include, but are not limited to:

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

●actual
or anticipated changes in our growth rate relative to our competitors;

●commercial
success and