Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 43

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 43
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 ● | financing availability, including our ability to obtain construction financing and permanent financing, or increases in interest rates or credit spreads; |

| ● | labor availability, costs, disputes and work stoppages with contractors, subcontractors or others that are constructing the project; |

| ● | failure of contractors to perform on a timely basis or at all, or other misconduct on the part of contractors; |

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| ● | access to sufficient power and related costs of providing such power to our customers; |

| ● | environmental issues; |

| ● | supply chain constraints; |

| ● | fire, flooding, earthquakes and other natural disasters; |

| ● | pandemics; |

| ● | geological, construction, excavation and equipment problems; and |

| ● | delays or denials of entitlements or permits, including zoning and related permits, or other delays resulting from requirements of public agencies and utility companies. |

In
addition, development activities, regardless of whether they are ultimately successful, also typically require a substantial portion of
our management’s time and attention. This may distract our management from focusing on other operational activities of our business.
If we are unable to complete development projects successfully and on a timely basis, our business may be adversely affected.

Our ongoing investment in retrofitting data centers involves infrastructure and technologies which is inherently risky, and could divert management attention and harm our business, financial condition, and operating results.

Our
ongoing investments that we are making in infrastructure, research and development augment our data center capabilities, reflect our ongoing
efforts to innovate and provide products and services that are helpful to our customers. However, these investments may not be commercially
viable or may not result in an adequate return of capital. These endeavors involve significant risks and uncertainties, including diversion
of resources and management attention from current operations, different monetization models, and the use of alternative investment, governance,
or compensation structures that may fail to adequately align incentives across the company or otherwise accomplish their objectives.

If we incorrectly estimate our hosting capacity requirements and related capital expenditures, our results of operations could be adversely affected.

We
are continuously evaluating our capacity requirements in order to effectively manage our capital expenditures and operating results. However,
we may be unable to accurately project our future capacity needs or sufficiently allocate resources to address such needs. If we overestimate
our business’ capacity requirements or the demand for our services and therefore secure excess data center capacity, our operating
margins could be materially reduced. If we underestimate these requirements,