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

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 25
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 (“GPUs”) compute and purchases NVIDA H100 and H200 servers, as well as other servers, through OEMS, for example,
Supermicro Computer Inc®, Dell, and Hewlett Packard Enterprise. Disruptions, shortages or delays in our ability to source GPUs and
price increases from suppliers have and may continue to occur, which have and may continue to adversely affect our results of operations,
financial condition, cash flows and harm customer relationships. Any material disruption at our facilities or those of its customers or
suppliers or otherwise within its supply chain, whether as a result of downtime, work stoppages or facility damage could prevent us from
meeting customer demands or expected timelines, require it to incur unplanned capital expenditures, or cause other material disruptions
to its operations, any of which could have a material adverse effect on our operations, financial position and cash flows. Further, supply
chain disruptions can occur from events out of WhiteFiber’s control, such as environmental incidents or other catastrophes.

We operate in a capital-intensive industry and are subject to capital market and interest rate risks.

WhiteFiber’s operations
require significant capital investment to purchase and maintain the property and equipment required to provide specialized infrastructures
to support generative AI work streams. In addition, WhiteFiber’s operations include a significant level of fixed and semi-fixed
costs. Consequently, we will rely on capital markets, as sources of liquidity for capital requirements for growth. If we are unable to
access capital at competitive rates, the ability to implement business plans, make capital expenditures or pursue acquisitions it would
otherwise rely on for future, growth may be adversely affected. Market disruptions may increase the cost of borrowing or adversely affect
WhiteFiber’s ability to access one or more financial markets. Such market disruptions could include:

| ● | A significant economic downturn. |

| ● | The financial distress of unrelated            
 industry leaders in the same line of business. |

| ● | Deterioration in capital market 
 conditions.                     |

| ● | Turmoil in the financial services 
 industry.                         |

| ● | Volatility in GPU prices. |

| ● | Terrorist attacks. |

| ● | War. |

| ● | Cyberattacks. |

If we raise additional equity
financing, our shareholders may experience significant dilution of their ownership interests, and the per share value of our Ordinary
Shares could decline. Furthermore, if we engage in debt financing, the holders of debt will have priority over the holders of our Ordinary