Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 32

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 32
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 could be negatively affected which would have an adverse effect on the trading
price of our Ordinary Shares, which would harm our investors.

Our
current and potential domestic and international competitors range from large and established companies to emerging start-ups. Some competitors
have longer operating histories and well-established relationships in various sectors. They can use their experience and resources in
ways that could affect our competitive position, including by making acquisitions and entering into other strategic arrangements; continuing
to invest heavily in cloud services technical infrastructure, R&D, and in talent; initiating intellectual property and competition
claims (whether or not meritorious). Further, discrepancies in enforcement of existing laws may enable our lesser known competitors to
aggressively interpret those laws without commensurate scrutiny, thereby affording them competitive advantages. Our competitors may also
be able to innovate and provide cloud services faster than we can or may foresee the need for products and services before we do.

We
are expanding our investment in research and development companywide. This includes generative AI and continuing to integrate AI capabilities
into our products and services. Cloud service technology and services are highly competitive, rapidly evolving, and require significant
investment, including development and operational costs, to meet the changing needs and expectations of our existing users and attract
new users. Our ability to deploy certain cloud service technologies critical for our products and services and for our business strategy
may depend on the availability and pricing of third-party equipment and technical infrastructure. Additionally, other companies may develop
cloud service products and technologies that are similar or superior to our technologies or more cost-effective to deploy. Other companies
have, or in the future may obtain, patents or other proprietary rights that would prevent, limit, or interfere with our ability to make,
use, or sell our own cloud services.

Our
financial condition and operating results may also suffer if our cloud services are not responsive to the evolving needs and desires of
our customers and partners. As new and existing cloud service technologies continue to develop, competitors and new entrants may be able
to offer experiences that are, or that are seen to be, substantially similar to or better than ours. These technologies could reduce usage
of our products and services, and force us to compete in different ways and expend significant resources to develop and operate equal
or better products and services. Competitors’ success in providing compelling products and services or in attracting and retaining
customers and partners could harm our financial condition and operating results.

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Our sales cycles can be long and