Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 193

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 193
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 potentially, to repair damage incurred as a result of extreme
weather events or to renovate or retrofit facilities to better withstand extreme weather events. If environmental laws or regulations
or industry standards in the U.S., Iceland or Canada are either changed or adopted and impose significant operational restrictions and
compliance requirements on our operations, or if our operations are disrupted due to the physical impacts of climate change, our business,
capital expenditures, results of operations, financial condition and competitive position could be negatively impacted.

34

Digital Assets Related Risks

Our operating results
have fluctuated due to the highly volatile nature of digital assets.  

Due to the highly volatile
nature and the prices of digital assets, our operating results have, fluctuated from quarter to quarter in accordance with market sentiments
and movements in the broader digital assets economy. Our operating results fluctuated significantly prior to our introduction of cloud
services and HPC data centers as a result of a variety of factors, many of which are unpredictable and in certain instances are outside
of our control, including, but not limited to:

    ●
    our ability to continue to mine bitcoin and acceptance of digital assets as a result of reputational harm from bankruptcies and regulatory proceedings;

    ●
    changes in the legislative or regulatory environment, or actions by governments or regulators, including fines, orders, or consent decrees;

    ●
    regulatory changes that impact our ability to mine various digital assets;

    ●
    our ability to diversify and grow our business;

    ●
    investments we make in the development of our business as well as technology offered to our industry partners and sales and marketing;

    ●
    mining new digital assets in compliance with the Federal securities laws and other compliance regulations;

    ●
    macroeconomic conditions;

    ●
    adverse legal proceedings or regulatory enforcement actions, judgments, settlements, or other legal proceeding and enforcement-related costs;

    ●
    increases in operating expenses that we expect to incur to grow and expand our operations and to remain competitive;

    ●
    breaches of security or privacy;

    ●
    our ability to attract and retain talent; and

    ●
    our ability to compete with our competitors.

As a result of these
factors, it is difficult for us to forecast growth trends in our digital assets business. In view of the rapidly evolving nature of our
business and the digital assets industry, period-to-period comparisons of our operating results may not be meaningful, and you should
not rely upon them as an indication of