Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 190

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 190
---
 those associated with:

    ●
    delays in construction, or changes to the plans or specifications;

    ●
    budget overruns, increased prices for raw materials or building supplies, or lack of availability and/or increased costs for specialized data center components, including long lead time items such as generators;

    ●
    construction site accidents and other casualties;

    ●
    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;

32

    ●
    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.

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 underestimate
these requirements, we may not be able to provide sufficient service to existing customers or may be required to limit new customer acquisition,
both of which may materially and adversely impair our results of operations.

Similarly,
we have entered into multi-year contract commitments with our service providers in Iceland and Canada. If we overestimate our capacity
requirements and therefore secure excess capacity and have excess capital expenditures, our operating margins could be materially reduced.

Certain natural disasters or other external
events, including climate change or mechanical failures, could harm our business, financial condition, results of operations, cash flows,
and prospects.

We