Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 37

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 37
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 growth rate may be slower than we expect. As we pivot towards new markets such as cloud services and colocation data center
operations, we realize that our limited experience in these areas may impact our ability to accurately assess our prospects. The likelihood
of our success must be considered in light of the expenses, difficulties, complications, problems and delays frequently encountered in
connection with the expansion of a business, operating a business in a competitive industry, and the continued development of expanding
our customer base. There can be no assurance that we will operate profitably in the future.

We may be unable to access sufficient additional capital equity and debt financing needed to grow our business.

We
will need to raise substantial additional capital to expand our data center operations, pursue our growth strategies and to respond to
competitive pressures or unanticipated working capital requirements. However, market conditions may limit our ability to raise funds in
a timely manner, in sufficient quantities, or on terms acceptable to us, if at all, which could impair our growth and adversely affect
our existing operations. If we raise additional equity financing, our shareholders may experience significant dilution of their ownership
interests, and the per share value of our Ordinary Shares could decline. Furthermore, if we engage in debt financing, the holders of debt
would have priority over the holders of our Ordinary Shares on order of payment preference. We may be required to accept terms that restrict
our ability 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