Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 228

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 228
---
, even under circumstances
where the hazardous substances were released by prior owners or operators or the activities conducted and from which a release emanated
complied with applicable law. Moreover, it is not uncommon for neighboring landowners and other third parties to file claims for personal
injury and property damage allegedly caused by noise or the release of hazardous substances into the environment.

The
trend in environmental regulation has been to place more restrictions and limitations on activities that may be perceived to impact the
environment, and thus there can be no assurance as to the amount or timing of future expenditures for environmental regulation compliance
or remediation. New or revised regulations that result in increased compliance costs or additional operating restrictions could have a
material adverse effect on our financial position, results of operations and cash flows.

Failure to comply with anti-corruption and
anti-money laundering laws, including the Foreign Corrupt Practices Act (the “FCPA”) and similar laws associated with our
activities outside of the United States, could subject us to penalties and other adverse consequences.

We operate an international
business and may have direct or indirect interactions with officials and employees of government agencies or state-owned or affiliated
entities. We are subject to the FCPA, and other applicable anti-corruption and anti-money laundering laws in certain countries in which
we conduct activities. The FCPA prohibits providing, offering, promising, or authorizing, directly or indirectly, anything of value to
government officials, political parties, or political candidates for the purpose of obtaining or retaining business or securing any improper
business advantage. In addition, U.S. public companies are required to maintain records that accurately and fairly represent their transactions
and have an adequate system of internal accounting controls. Since February 10, 2025, the enforcement of the FCPA has been paused for
180 days. The Company will monitor any upcoming guidance from the DOJ or the SEC in order to remain compliant with the FCPA.

In many foreign countries,
including countries in which we may conduct business, it may be a local custom that businesses engage in practices that are prohibited
by the FCPA, or other applicable laws and regulations. We face significant risks if we or any of our directors, officers, employees, contractors,
agents or other partners or representatives fail to comply with these laws and governmental authorities in the United States and elsewhere
could seek to impose substantial civil and/or criminal fines and penalties which could have a material adverse effect on our business,
reputation, operating results, prospects and financial condition.

Any