Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 19

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 19
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 operating results may not be meaningful, especially given
our limited cloud services and data centers’ operating history. As a result of adverse factors described below, there can be no
assurance we will achieve and maintain profitability. The results for any one quarter are not necessarily an indication of future performance.
Fluctuations in quarterly results may adversely affect the market price of our Ordinary Shares. Factors that may cause fluctuations in
our annual financial results include:

| ● | the amount and timing of operating expenses related to our new business operations and infrastructure; and |

| ● | general economic, industry and market conditions. |

If we fail to effectively manage our growth, our business, financial condition and results of operations could be harmed.

We
are a development stage company with a small management team and are subject to the strains of ongoing development and growth, which will
place significant demands on our management and our operational and financial infrastructure. Although we may not grow as we expect, if
we fail to manage our growth effectively or to develop and expand our managerial, operational and financial resources and systems, our
business and financial results would be materially harmed.

Our customers frequently make advance payments based on anticipated future usage.

In
our cloud service business, customers often make advance payments to finance the equipment they intend to purchase from us. If we are
unable to meet the contract requirements or deliver GPU clusters to their satisfaction for any reason, we may be obligated to refund these
deposits.

In
our colocation Data Center Hosting Business, customers typically pay a month in advance based on their projected demand. If we are unable
to provide the services as expected for any reason, we would be required to issue a credit or refund the difference to the customer. Any
such refunds or issuances of credit could have an adverse effect on our business, results of operations, and financial condition.

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We intend to grow our business through strategic acquisitions, investments, and joint ventures that involve numerous risks and uncertainties.

We intend to grow our business
through strategic transactions, including acquisitions, investments, and joint ventures, that involve numerous risks and uncertainties.
We expect to continue to be in various stages of seeking, evaluating, and pursuing additional strategic transactions both in the U.S.
and in non-U.S. jurisdictions. These transactions are likely to require unique approaches to integration due to, among other reasons,
the structure of the transactions, the locations, and cultural differences among the other company’s teams and ours, and have required
and will continue