Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 178

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 178
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 increased regulation and could materially adversely affect 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
competitive, it faces changing cloud service technologies, shifting customer needs, and frequent introductions of rival products and
services. To compete successfully, we must accurately anticipate cloud service technology developments and deliver innovative,
relevant and useful products, services, and technologies in a timely manner. As our cloud services business evolves, the competitive
pressure to innovate will encompass a wider range of products and services. We must continue to invest significant resources in
technical infrastructure and R&D, including through acquisitions, in order to enhance our cloud service technology, and
services. With the limited resources we have available, we may experience difficulties in expanding and improving our colocation
data center, services and colocation to remain competitive. Competition from existing and future competitors particularly those
better capitalized, could result in our inability to secure acquisitions and partnerships that we may need to expand our business in
the future. This competition from other entities with greater resources, experience and reputations may result in our failure to
maintain or expand our business, as we may never be able to successfully execute our business plan. If we are unable to expand and
remain competitive, our business could be negatively affected which would have an adverse effect on the trading price of our
ordinary shares, which would harm our investors.

25

Our
current and potential domestic and international competitors range from large and established companies to emerging start-ups. Some competitors
have longer operating histories and well-established relationships in various sectors. They can use their experience and resources in
ways that could affect our competitive position, including by making acquisitions and entering into other strategic arrangements; continuing
to invest heavily in cloud services technical infrastructure, R&D, and in talent; initiating intellectual property and competition
claims (whether or not meritorious). Further, discrepancies in enforcement of existing laws may enable our lesser known competitors to
aggressively interpret those laws without commensurate scrutiny, thereby affording them competitive