Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 123

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 123
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 business, our share price and trading volume could decline.

The trading market for
our Ordinary Shares will be influenced by whether industry or securities analysts publish research and reports about us, our business,
our market or our competitors and, if any analysts do publish such reports, what they publish in those reports. We may not obtain or maintain
analyst coverage in the future. Any analysts that do cover us may make adverse recommendations regarding our shares, adversely change
their recommendations from time to time and/or provide more favorable relative recommendations about our competitors. If analysts who
may cover us in the future were to cease coverage of our company or fail to regularly publish reports on us, or if analysts fail to cover
us or publish reports about us at all, we could lose (or never gain) visibility in the financial markets, which in turn could cause the
share price of our Ordinary Shares or trading volume to decline. Moreover, if our operating results do not meet the expectations of the
investor community, one or more of the analysts who cover our Company may change their recommendations regarding our Company, and our
share price could decline.

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You may face difficulties in protecting your interests as a shareholder, as Cayman Islands law provides different protections when compared to the laws of the United States and it may be difficult for a shareholder of ours to effect service of process or to enforce judgements obtained in the U.S. courts.

Our corporate affairs
are governed by our amended and restated memorandum and articles of association and by the Companies Act (Revised) of the Cayman Islands
and common law of the Cayman Islands. The rights of shareholders to take legal action against our directors and us, actions by minority
shareholders and the fiduciary responsibilities of our directors to us under Cayman Islands law are to a large extent governed by the
common law of the Cayman Islands. The common law of the Cayman Islands is derived in part from comparatively limited judicial precedent
in the Cayman Islands, as well as from English common law. Appeals from the Cayman Islands Courts to the Privy Council (which is the final
court of appeal for British overseas territories, such as the Cayman Islands) are binding on a court in the Cayman Islands. Decisions
of the English courts, and particularly the Supreme Court of the United Kingdom and the Court of Appeal are generally of persuasive authority
but are not binding on the courts of the Cayman Islands. Decisions of courts in other Commonwealth jurisdictions