Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 45

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 45
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 regarding climate change could impose significant costs on us and our suppliers, including costs related to increased energy
requirements, capital equipment, environmental monitoring and reporting, and other costs to comply with such regulations. Further, any
future climate change regulations could also negatively impact our ability to compete with companies situated in areas not subject to
such limitations.

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Given
the political significance and uncertainty around the impact of climate change and how it should be addressed, and energy disclosure and
use regulations, we cannot predict how legislation and regulation will affect our financial condition and results of operations in the
future in the U.S. as well as in Iceland and Canada. Further, even without such regulation, increased awareness and any adverse publicity
in the global marketplace about potential impacts on climate change or energy use by us or other companies in our industry could harm
our reputation. Any of the foregoing could result in a material adverse effect on our business and financial condition.

Establishing data centers in remote areas may adversely affect our ability to retain staff and increase our compensation costs.

If we establish data centers
in areas with lower populations such as Iceland or remote parts of Canada, recruiting and retaining the necessary staff to operate our
locations may pose a challenge. When we encounter a relatively low population, the pool of available employees is limited. In addition,
some employers have offered significantly higher wages in order to fill vacant positions. This may adversely affect our ability to attract
and retain qualified personnel and may increase our employee costs if we have to increase the compensation we pay in response to the market.

Our data centers could be adversely impacted by climate change.

Severe weather events, such
as tornadoes, hurricanes, rain, drought, fire, ice and snowstorms, and high- and low- temperature extremes, occur in regions in which
we operate and maintain infrastructure. Our principal data centers in Iceland and Canada are designed to provide year-round cool weather
conditions. Nevertheless, climate change could change the frequency and severity of weather events, which may create physical and financial
risks to us. Such risks could have an adverse effect on our financial condition, results of operations and cash flows. Increases in severe
weather conditions or extreme temperatures may cause infrastructure construction projects to be delayed or canceled and limit resources
available for such projects resulting in decreased revenue or increased project costs. In addition, drought conditions could restrict
the availability of water supplies or limit the ability to obtain water use permits, inhibiting the ability to conduct operations. To
date, neither