Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 32

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 32
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 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 and services 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.

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 advantages. Our competitors may also
be able to innovate and provide cloud services faster than we can or may foresee the need for products and services before we do.

We
are expanding our investment in research and development companywide. This includes generative AI and continuing to integrate AI capabilities
into our products and services. Cloud service technology and services are highly competitive, rapidly evolving, and require significant
investment, including development and operational costs, to meet the changing needs and expectations of our existing users and attract
new users. Our ability to deploy certain cloud service technologies critical for our products and services and for our business strategy
may depend on the availability and pricing of