Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 33

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 33
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 third-party equipment and technical infrastructure. Additionally, other companies may develop
cloud service products and technologies that are similar or superior to our technologies or more cost-effective to deploy. Other companies
have, or in the future may obtain, patents or other proprietary rights that would prevent, limit, or interfere with our ability to make,
use, or sell our own cloud services.

Our
financial condition and operating results may also suffer if our cloud services are not responsive to the evolving needs and desires of
our customers and partners. As new and existing cloud service technologies continue to develop, competitors and new entrants may be able
to offer experiences that are, or that are seen to be, substantially similar to or better than ours. These technologies could reduce usage
of our products and services, and force us to compete in different ways and expend significant resources to develop and operate equal
or better products and services. Competitors’ success in providing compelling products and services or in attracting and retaining
customers and partners could harm our financial condition and operating results.

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Our sales cycles can be long and unpredictable, and our sales efforts require considerable time and expense.

Our
go-to-market approach currently focuses on a top-down sales model to drive demand and pipeline from the large AI labs and AI enterprises.
Sales to such customers involves longer and more unpredictable sales cycles. Customers often view the purchase of our platform as a significant
strategic decision and, as a result, frequently require considerable time to evaluate, test, and qualify our platform prior to entering
into or expanding a relationship with us. Large enterprises in particular, often undertake a significant evaluation process that further
lengthens our sales cycle.

Our
direct sales team develops relationships with our customers, and works on account penetration, account coordination, sales, and overall
market development. We spend substantial time and resources on our sales efforts without any assurance that our efforts will produce a
sale. Cloud infrastructure capacity purchases are frequently subject to budget constraints, multiple approvals, and unanticipated administrative,
processing, and other delays. As a result, it is difficult to predict whether and when a sale will be completed. The failure of our efforts
to secure sales after investing resources in a lengthy sales process would adversely affect our business, operating results, financial
condition, and future prospects.

Our ability to maintain customer satisfaction depends in part on the quality of our customer support and cloud operations services. Our failure to maintain high-quality customer support and cloud operations services could have an adverse effect on our business,