Company: BTBT
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001213900-25-044155
Chunk: 59

Company: Bit Digital, Inc
Filing Date: 2025-05-15
Form: 10-Q
Item: Item 1
Chunk 59
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 this registered statement, the Company will terminate the use of its prior registration statement
on Form F-3 (No. 337-257934) which has been extended until November 4, 2025.

32

Forward Looking Statements

The discussion and analysis of our financial
condition and results of operations should be read in conjunction with our financial statements and the related notes included elsewhere
in this report. Except for the statements of historical fact, this report contains “forward-looking information” and “forward-looking
statements reflecting our current expectations that involve risks and uncertainties (collectively, “forward-looking information”)
that is based on expectations, estimates and projections as at the date of this report. Actual results and the timing of events in this
report includes information about hash rate expansion, diversification of operations, potential further improvements to profitability
and efficiency across mining operations, potential for the Company’s long-term growth, and the business goals and objectives of
the Company. Factors that could cause actual results, performance or achievements to differ materially from those discussed in our such
forward-looking statements as a result of many factors, including, but not limited to: our ability to integrate the operations of Enovum
into our HPC Services business segment; our ability to purchase GPUs on a timely basis to service our initial HPC customers; supply chain
disruptions may have a material adverse effect on the Company’s performance; the ability to establish new facilities for bitcoin
mining in North America and elsewhere; a decrease in cryptocurrency migrating and then operating its assets; a decrease in cryptocurrency
pricing; volume of transaction activity or generally, the profitability of cryptocurrency mining; further improvements to profitability
and efficiency may not be realized; the digital currency market; the Company’s ability to successfully mine digital currency on
the cloud; the Company may not be able to profitably liquidate its current digital currency inventory, or at all; a decline in digital
currency prices may have a significant negative impact on the Company’s operations; the volatility of digital currency prices; issues
in the development and use of AI; regulations that target AI, and governmental regulations and other legal obligations and other legal
obligations related to data privacy, data protection and information security, and other related risks as more fully set forth under “Risk
Factors” and elsewhere in this Annual Report on Form 10-K for the year ended December 31, 2024 and other documents disclosed under
the Company’s filings at www.sec.gov.

Notwithstanding the fact that Bit Digital Inc.