Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 342

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 3
Chunk 342
---
 proprietary rights. However, we do not have any non-compete agreements
with our non-executive employees, nor do we have any patents protecting our intellectual property. Thus, we cannot assure you that
any of our intellectual property rights would not be challenged, invalidated, circumvented or misappropriated, or such intellectual property
will be sufficient to provide us with competitive advantages. In addition, because of the rapid pace of technological change in our industry,
parts of our business rely on technologies developed or licensed by third parties, and we may not be able to obtain or continue to obtain
licenses and technologies from these third parties on reasonable terms, or at all.

Preventing
any unauthorized use of our intellectual property is difficult and costly and the steps we take may be inadequate to prevent the misappropriation
of our intellectual property. In the event that we resort to litigation to enforce our intellectual property rights, such litigation
could result in substantial costs and a diversion of our managerial and financial resources. We can provide no assurance that we will
prevail in such litigation. In addition, our trade secrets may be leaked or otherwise become available to, or be independently discovered
by, our competitors. To the extent that our employees or consultants use intellectual property owned by others in their work for us,
disputes may arise as to the rights in related know-how and inventions. Any failure in protecting or enforcing our intellectual
property rights could have a material adverse effect on our business, financial condition and results of operations.

We
may be subject to intellectual property infringement claims, which may be expensive to defend and may disrupt our business and operations.

We
cannot be certain that our operations or any aspects of our business do not or will not infringe upon or otherwise violate trademarks,
patents, copyrights, know-how or other intellectual property rights held by third parties. We may be, from time to time in the future,
subject to legal proceedings and claims relating to the intellectual property rights of others. In addition, there may be third-party trademarks,
patents, copyrights, know-how or other intellectual property rights that are infringed by our products, services or other aspects
of our business without our awareness. Holders of such intellectual property rights may seek to enforce such intellectual property rights
against us in China, the United States or other jurisdictions. If any third-party infringement claims are brought against us,
we may be forced to divert management’s time and other resources from our business and operations to