Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 49

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 49
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 Sell, lease, license, lend or otherwise convey an interest in a material portion of our assets; and                                                                           |
| ● | Sell or otherwise issue ordinary shares or other capital stock subject to certain limited exceptions.                                                                         |

These restrictions may limit our ability to obtain
additional financing, withstand downturns in our business or take advantage of business opportunities.

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The properties included in our mining network may experience damage, including damage that is not covered by insurance.

As of March 31, 2025, our mining operations in
the states of Texas, Kentucky and New York in the United States and Iceland are, and any future mining sites we may establish will be,
subject to a variety of risks relating to physical condition and operation, including, but not limited to:

| ● | the presence of construction or repair defects or other structural or building damage; |

| ● | any noncompliance with or liabilities under applicable environmental, health or safety regulations or requirements or building permit requirements; |

| ● | any damage resulting from natural disasters, such as hurricanes, earthquakes, fires, floods and windstorms; and |

| ● | claims by employees and others for injuries sustained at our properties. |

For example, our mines could be rendered inoperable,
temporarily or permanently, as a result of a fire or other natural disaster, the coronavirus or another pandemic, or by a terrorist or
other attack. The security and other measures we take to protect against these risks may not be sufficient. Additionally, our mines could
be materially adversely affected by a power outage or loss of access to the electrical grid or loss by the grid of cost-effective sources
of electrical power generating capacity. Given the power requirements of our mines, it would not be feasible to run miners on back- up
power generators in the event of a power outage. We do not have any insurance to cover the replacement cost of any lost or damaged miners,
or any interruption of our mining activities. In the event of an uninsured loss, such mines may not be adequately repaired in a timely
manner or at all, and we may lose some or all of the future revenues anticipated to be derived from such mines.

From time to time, our service providers have been unable to supply sufficient electric power for us to operate our miners, which has adversely affected our operations, causing us to relocate some or all of our miners to an alternative facility, which may have a less advantageous cost structure and our business and results of operations may suffer as a result.

We