Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 24

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 24
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 may be supported by significant financial and technological
resources, making them even more sophisticated and difficult to detect.

We may be vulnerable to physical security breaches, which could disrupt our operations and have a material adverse effect on our business, financial condition and results of operations.

A party who is able to compromise
the physical security measures protecting our facilities could cause interruptions or malfunctions in our operations and misappropriate
our property or the property of our customers. As we provide assurances to our customers that we provide the highest level of security,
such a compromise could be particularly harmful to our brand and reputation. We may be required to expend significant capital and resources
to protect against such threats or to alleviate problems caused by breaches in security. As techniques used to breach security change
frequently and are often not recognized until launched against a target, we may not be able to implement new security measures in a timely
manner or, if and when implemented, we may not be certain whether these measures could be circumvented. Any breaches that may occur could
expose us to increased risk of lawsuits, regulatory penalties, loss of existing or potential customers, harm to our reputation and increases
in our security costs, which could have a material adverse effect on our business, financial condition and results of operations.

<div align='center'>10</div>

Supply chain disruptions may adversely affect WhiteFiber’s operations.

We are a provider of Graphic
Processing Units (“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.

WhiteF