Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 38

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 38
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 to incur additional indebtedness, pay dividends to our shareholders, or take other actions. We may also be required to maintain
specified liquidity or other ratios that could otherwise not be in the interests of our shareholders. If we are unable to raise the additional
capital needed to execute our future strategic growth initiatives, we may be less competitive in our industry and the results of these
provisions could make investing in our securities less attractive to investors and could limit our ability to obtain adequate financing
on a timely basis or on acceptable terms in the future, which could have significant harmful effects on our financial condition and business
and could include substantial limitations on our ability to continue to conduct operations.

Our business depends upon the demand for data centers.

We
are in the business of owning, acquiring, developing and operating data centers. A reduction in the demand for data center space, power
or connectivity would have a greater adverse effect on our business and financial condition than if our assets were devoted to a less
specialized use. Our substantial development activities make us particularly susceptible to general economic slowdowns, as well as adverse
developments in the data center, Internet, AI and data communications and broader technology industries. It is not possible for us to
predict the future level of demand for our services that will be generated by these customers or the future demand for the products and
services of these customers. Any such slowdown or adverse development could lead to reduced corporate IT spending or reduced demand for
data center space. Changes in industry practice or in technology could reduce demand for the physical data center space we provide. In
addition, our customers may choose to develop new data centers or expand their own existing data centers or consolidate into data centers
that we do not own or operate, which could reduce demand for our newly developed data centers or result in the loss of one or more key
customers. If any of our key customers were to do so, it could result in a loss of business to us or put pressure on our pricing. Mergers
or consolidations of technology companies could reduce further the number of our customers and potential customers and make us more dependent
on a more limited number of customers. If our customers merge with or are acquired by other entities that are not our customers, they
may discontinue or reduce the use of our data centers in the future. Our financial condition, results of operations, cash flow, cash available
for distribution and ability to satisfy our debt service obligations could be materially adversely affected as a result of any or all
of