Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 164

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 164
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 be focused on developing and expanding
our existing business. We may experience losses related to potential investments in other companies, which could harm our financial condition
and results of operations. Further, we may not realize the anticipated benefits of any acquisition, strategic alliance or joint venture
if such investments do not materialize.

To finance any acquisitions
or joint ventures, we may choose to issue ordinary shares, preference shares or a combination of debt and equity as consideration, which
could significantly dilute the ownership of our existing shareholders. Additional funds may not be available on terms that are favorable
to us, or at all. If the price of our ordinary shares is low or volatile, we may not be able to acquire other companies or fund a joint
venture project using shares as consideration.

17

The loss of any
member of our management team, our inability to execute an effective succession plan, or our inability to attract and retain qualified
personnel could adversely affect our business.

Our success and future
growth will depend to a significant degree on the skills and services of our management team, including Mr. Sam Tabar, our Chief Executive
Officer, and Mr. Erke Huang, our Chief Financial Officer. We have recently hired several key members of Senior Management including executive
officers, Billy Krassakopoulos, CEO of Enovum, and Thomas Sanfilippo, Chief Technology Officer, in order to grow WhiteFiber’s business.
We will need to continue to grow our management in order to alleviate pressure on our existing team and in order to continue to develop
our business. If our management team, including any new hires that we may make, fails to work together effectively and to execute our
plans and strategies on a timely basis, our business could be harmed. Furthermore, if we fail to execute an effective contingency or succession
plan with the loss of any member of management, the loss of such management personnel may significantly disrupt our business.

The loss of key members
of management could inhibit our growth prospects. Our future success also depends in large part on our ability to attract, retain and
motivate key management and operating personnel. As we continue to develop and expand our operations, we may require personnel with different
skills and experiences, and who have a sound understanding of our business and the digital asset industry. The market for highly qualified
personnel in this industry is very competitive, and we may be unable to attract or retain such personnel. If we are unable to attract
or retain such personnel, our business could be harmed