Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 191

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 191
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may also experience disruptions due to mechanical failure, human error, physical or electronic security breaches, war, terrorism, fire,
earthquake, pandemics, hurricane, flood and other natural disasters, sabotage and vandalism. Our systems may be susceptible to damage,
interference, or interruption from modifications or upgrades, power loss, telecommunications failures, computer viruses, ransomware attacks,
computer denial of service attacks, phishing schemes, or other attempts to harm or access our systems. Such disruptions could materially
and adversely affect our business and our financial condition, operating results, cash flows, and prospects.

In
addition, there continues to be a lack of consistent climate legislation, which creates economic and regulatory uncertainty for our business.
With the energy demand of our business, we may become a target for future environmental and energy regulation. New legislation and increased
regulation regarding climate change could impose significant costs on us and our suppliers, including costs related to increased energy
requirements, capital equipment, environmental monitoring and reporting, and other costs to comply with such regulations. Further, any
future climate change regulations could also negatively impact our ability to compete with companies situated in areas not subject to
such limitations.

Given
the political significance and uncertainty around the impact of climate change and how it should be addressed, and energy disclosure and
use regulations, we cannot predict how legislation and regulation will affect our financial condition and results of operations in the
future in the U.S. as well as in Iceland and Canada. Further, even without such regulation, increased awareness and any adverse publicity
in the global marketplace about potential impacts on climate change or energy use by us or other companies in our industry could harm
our reputation. Any of the foregoing could result in a material adverse effect on our business and financial condition.

33

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.

Even if we have additional space available
for lease at any one of our data centers, our ability to lease this space to existing or new customers could be constrained by our ability
to provide sufficient electrical power.

As
current and future