Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 36

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 36
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 turn could have a material adverse effect on our business, operating results, financial condition, and future
prospects.

Concerns
relating to the responsible use by our customers of new and evolving technologies, such as AI, which are supported by our platform, may
result in collateral reputational harm to us. AI may pose emerging ethical issues and if our platform enables customer solutions that
draw controversy due to their perceived or actual impact on society, we may experience brand or reputational harm, competitive harm, or
legal liability.

Furthermore,
the rapid pace of innovation in the field of AI has led to developing and evolving regulatory frameworks globally, which are expected
to become increasingly complex as AI continues to evolve. Regulators and lawmakers around the world have started proposing and adopting,
or are currently considering, regulations and guidance specifically on the use of AI. Regulations related to AI Technologies have been
introduced in the United States at the federal level and are also enacted and advancing at the state level. Additional regulations may
impact our customers’ ability to develop, use and commercialize AI Technologies, which would impact demand for our platform, solutions,
and services and may affect our business, operating results, financial condition, and future prospects.

AI
and related industries, including cloud services, are under increasing scrutiny from regulators due to their concerns about market concentration,
anti-competitive practices, and the pace of partnerships and acquisitions involving generative AI startups. As the industry continues
to grow, transactions and business conduct will likely continue to draw scrutiny from regulators. Our customers may become subject to
further AI regulations, including any restrictions on the total consumption of compute technology, which could cause a delay or impediment
to the commercialization of AI technology and could lead to a decrease in demand for our customers’ AI infrastructure, and may adversely
affect our business, operating results, financial condition, and future prospects.

<div align='center'>17</div>

Risks Related to Our Data Center Operations

We are at an early stage of development of our business, currently have limited sources of revenue, and may not become profitable in the future.

We are subject to the
risks and uncertainties of a new business, with limited sources of revenue. We completed our acquisition of Enovum in October 2024. Accordingly,
we have only a limited history upon which an evaluation of our data center prospects and future performance can be made.

As
we grow and develop as a business, we are attempting to reduce the impact of variability on our revenue and