Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 113

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 113
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may not be willing to offer financial services to BTSG due to concerns on the origin of BTSG’s funds, from an AML/CFT perspective.

The Company expects to acquire digital assets
on liquid, regulated exchanges with robust anti-money laundering (“AML”) and know-your-client (“KYC”) policies
and procedures. However, there are no assurances that cryptocurrency trading platforms on which the Company transacts business will continue
to operate effectively, maintain adequate liquidity or that their AML and KYC policies and procedures will be effective, which could negatively
impact the Company and its ability to acquire or sell ETH and other digital assets.

MAS could enact new regulations, change regulations
that were previously adopted, modify, through supervision or enforcement, past regulatory guidance, or interpret existing regulations
in a manner different or stricter than have been previously interpreted, any of which could adversely affect or require us to change BTSG’s
business practices in Singapore.

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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 cryptoassets 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.

Risks Involving Intellectual Property

We use certain open source technology in our business. We may face claims from open source licensors