Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 465

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1A
Chunk 465
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 financial conditions
affecting the banking system and financial markets, our ability, and the ability of our customers, clients and vendors, to access existing
cash, cash equivalents and investments, or to access existing or enter into new banking arrangements or facilities, may be threatened
and could have a material adverse effect on our business and financial condition.

Cloud Service Development
Related Risks

Our cloud service technology and infrastructure
may not operate properly or as we expect them to, which could cause us to incur fines and monetary penalties, adversely affecting our
business, results of operations, and financial condition.

The continuous development,
maintenance, and operation of our cloud service technology and infrastructure is expensive and complex and may involve unforeseen difficulties,
including material performance problems, undetected defects, or errors, particularly with new capabilities and system integrations. We
may encounter technical obstacles, and it is possible that we may discover additional problems that prevent our technology and systems
from operating properly. If our cloud services do not function reliably, we may incur fines and monetary penalties, as well as regulatory
orders requiring remedial, injunctive, or other corrective actions.

Regulators may limit our ability
to develop or implement our cloud service technology and infrastructure and/or may eliminate or restrict the confidentiality of our technology,
which could have a material adverse effect on our business, financial condition and results of operations.

Our future success depends
on our ability to continue to develop and implement our cloud service technology and to maintain the confidentiality of this technology.
Changes to existing regulations, their interpretation or implementation, or new regulations could impede our use of this technology or
require that we disclose our technology to our competitors, which could impair our competitive position and result in a material adverse
effect on our business, results of operations, and financial condition.

Cloud service technology and infrastructure
may not operate properly or as we expect them to, which could cause us to incur fines and monetary penalties adversely affecting our business,
results of operations and financial condition.

The continuous development,
maintenance and operation of our cloud service technology and infrastructure is expensive and complex, and may involve unforeseen difficulties
including material performance problems, undetected defects or errors, for example, with new capabilities and systems integration. We
may encounter technical obstacles, and it is possible that we may discover additional problems that prevent our technology and systems
from operating properly. If our cloud services do not function reliably, we may incur fines and monetary penalties, as well as regulatory
orders requiring remedial, injunctive, or