Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 31

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 31
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to need additional cash resources in the future as we wish to pursue opportunities for investment, acquisition, capital expenditure or
similar actions in order to implement our business plan. The issuance and sale of additional equity has resulted and will continue to
result in further dilution to our shareholders. The incurrence of indebtedness would result in increased fixed obligations and could result
in operating covenants that would restrict our operations. We cannot assure you that financing will be available in amounts or on terms
acceptable to us, if at all.

Cloud Service Development Related Risks

Our cloud service technology and infrastructure may not operate properly or as we expect them to, which could cause us to incur fines and monetary penalties, adversely affecting our business, results of operations, and financial condition.

The continuous development,
maintenance, and operation of our cloud service technology and infrastructure is expensive and complex and may involve unforeseen difficulties,
including material performance problems, undetected defects, or errors, particularly with new capabilities and system integrations. We
may encounter technical obstacles, and it is possible that we may discover additional problems that prevent our technology and systems
from operating properly. If our cloud services do not function reliably, we may incur fines and monetary penalties, as well as regulatory
orders requiring remedial, injunctive, or other corrective actions.

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Regulators may limit our ability
to develop or implement our cloud services technology and infrastructure and/or may eliminate or restrict the confidentiality of our technology,
which could have a material adverse effect on our financial condition and results of operations.

Our future success depends
on our ability to continue to develop and implement our cloud services technology, and to maintain the confidentiality of this technology.
Changes to existing regulations, their interpretation or implementation, or new regulations could impede our use of this technology, or
require that we disclose our technology to our competitors, which could impair our competitive position and result in a material adverse
effect on our business, results of operations, and financial condition.

We face intense competition in the cloud services industry and may not be able to compete with other companies. If we do not continue to innovate and provide cloud services to our customers and partners, we may not remain competitive, which could harm our business, financial condition, cloud service and operating results.

We
may not be able to compete successfully against present or future competitors. We do not have the resources to compete with larger providers
of similar products or services at this time. Our cloud services business environment is rapidly evolving and intensely