Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 336

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 3
Chunk 336
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 trade policies could reduce trade volume, investment, technological exchange, and other economic activities between major
international economies, resulting in a material adverse effect on global economic conditions and the stability of global financial markets,
which could in turn have a material adverse impact on our business, financial condition and results of operations.

Uncertainty
in the global economy and instability within international relations, including changes in governmental policies relating to technology,
and any potential downturn in the semiconductor and electronics industries, may negatively impact our business.

There
is inherent risk, based on the complex relationships between certain countries and within regions, that political, diplomatic or military
events could result in trade disruptions and other disruptions in the markets and industries we serve and our supply chain. For example,
the ongoing geopolitical and economic uncertainty between the U.S. and China, the unknown impact of current and future U.S. and
Chinese trade regulations, and geopolitical risks between the U.S, Canada, where our data centers are located, between the U.S. and
Mexico, where certain components are supplied, or between China and Taiwan where chips are manufactured, could, directly or indirectly,
materially harm our business, financial condition and results of operations.

While
overall semiconductor supply conditions have improved, we continue to monitor potential availability constraints for high-performance GPUs
and related hardware, which may affect the timing of future deployments in our cloud services business.

Furthermore,
political or economic conflicts between various global actors, and responsive measures that have been taken and could be taken in the
future, have created and can further create significant global economic uncertainty that could prolong or expand such conflicts, which
could have a lasting impact on regional and global economies and harm our business and operating results.

WhiteFiber
has a very limited history of operating as an independent, public company, and its historical financial information is not necessarily
representative of the results that it would have achieved as a separate, publicly traded company and may not be a reliable indicator
of its future results.

The
historical information of WhiteFiber in its public filings refers to its businesses as operated by and integrated with Bit Digital, Inc.
(“Bit Digital”) prior to WhiteFiber’s October 2024 acquisition of Enovum. The historical financial information
of WhiteFiber included in such filings are derived from the combined financial statements and accounting records of Bit Digital and WhiteFiber
AI, Inc. and its combined subsidiaries. Accordingly, the historical financial information included in such filings does not necessarily
reflect the financial condition