Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 41

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 41
---
 Utilities
that serve our data centers may be dependent on, and sensitive to price increases for, a particular type of fuel, including hydroelectric.
In addition, the total cost of delivered electricity could increase as a result of: regulations intended to regulate carbon emissions
and other pollutants, ratepayer surcharges related to recovering the cost of extreme weather events and natural disasters (including volcanoes
in Iceland), geopolitical conflicts, military conflicts, grid modernization charges, as well as other charges borne by ratepayers. Increases
in the cost of power at any of our data centers could put those locations at a competitive disadvantage relative to data centers that
are supplied power at a lower price.

Accordingly,
the energy supply for our data centers may be subject to disruption and could become insufficient to support our operations. Our financial
condition or results of operations may be adversely affected if our data centers are disrupted or discontinued due to a curtailment or
interruption of the energy supply.

We depend on third parties to provide network connectivity to the customers in our data centers and any delays or disruptions in connectivity may materially adversely affect our operating results and cash flow.

We
are not a telecommunications carrier. We believe that the availability of carrier capacity will directly affect our ability to achieve
our projected results. Any carrier may elect not to offer its services within our data centers. Any carrier that has decided to provide
network connectivity to our data centers may not continue to do so for any period of time. Further, some carriers are experiencing business
difficulties or have announced consolidations. As a result, some carriers may be forced to downsize or terminate connectivity within our
data centers, which could have an adverse effect on the business of our customers and, in turn, our own operating results.

Our
data centers may require construction and operation of a sophisticated redundant fiber network. The construction required to connect multiple
carrier facilities to data centers is complex and involves factors outside of our control, including regulatory requirements and the availability
of construction resources. We have obtained the right to use network resources owned by other companies, in order to attract telecommunications
carriers and customers to our portfolio. If the establishment of highly diverse network connectivity to our data centers does not occur,
is materially delayed or is discontinued, or is subject to failure, our operating results and cash flow may be materially adversely affected.
Additionally, any hardware or fiber failures on this network may result in significant loss of connectivity to our data centers. This
could negatively affect our ability to attract new customers or