Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 82

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 82
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 persons may be engaged on an “as needed” basis
without a continuing fiduciary or other obligation to us. In the event we consider it necessary to hire outside advisors, we may elect
to hire persons who are affiliates, if they are able to provide the required services.

The nature of our business requires the application of complex financial accounting rules, and there is limited guidance from accounting standard setting bodies. If financial accounting standards undergo significant changes, our operating results could be adversely affected.

The
accounting rules and regulations that we must comply with are complex and subject to interpretation by the Financial Accounting Standards
Board (“FASB”), the SEC, and various bodies formed to promulgate and interpret appropriate accounting principles. A change
in these principles or interpretations could have a significant effect on our reported financial results, and may even affect the reporting
of transactions completed before the announcement or effectiveness of a change. Recent actions and public comments from the FASB and the
SEC have focused on the integrity of financial reporting and internal controls. In addition, many companies’ accounting policies
are being subject to heightened scrutiny by regulators and the public. Further, there have been limited precedents for the financial accounting
of crypto assets and related valuation and revenue recognition, and no official guidance has been provided by the FASB or the SEC. Uncertainties
or changes in regulatory or financial accounting standards could result in the need to change our accounting methods and restate our financial
statements and impair our ability to provide timely and accurate financial information, which could adversely affect our financial statements,
result in a loss of investor confidence, and more generally impact our business, operating results, and financial condition.

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Regulatory Risks

Regulatory restrictions that target AI, including, but not limited to, export restrictions may have a material adverse impact on our intended operations.

The
increasing focus on the strategic importance of AI technologies has already resulted in regulatory restrictions that target products and
services capable of enabling or facilitating AI, including semiconductors and related critical technologies, and may in the future result
in additional restrictions impacting some or all of our service offerings. Such restrictions could include additional unilateral or multilateral
export controls on certain products or technology, including, but not limited to, cloud service technologies. As geopolitical tensions
have increased, semiconductors associated with AI, including GPUs and associated products, are increasingly the focus of export control
restrictions implemented by the U.S. and its allies, and