Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 39

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 39
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 infrastructure and R&D, including through acquisitions, in
order to advance/innovate our data centers. With the limited resources we have available, we may experience difficulties in expanding
and improving our data centers. Competition from existing and future competitors, particularly those better capitalized, could result
in our inability to secure acquisitions and partnerships that we may need to expand our data centers business in the future. This competition
from other entities with greater resources, experience and reputation may result in our failure to maintain or expand our data center
business, as we may never be able to successfully execute our business plan. If we are unable to expand and remain competitive, our business
could be negatively affected, which would have an adverse effect on the trading price of our Ordinary Shares, which would harm our investors.

We depend upon third-party suppliers for power, and we are vulnerable to service failures and price increases by such suppliers and to volatility in the supply and price of power in the open market.

We
rely on third parties to provide power to our data centers, and we cannot ensure that these third parties will deliver such power in adequate
quantities or on a consistent basis. We are also reliant on third parties to deliver additional power capacity to support the growth of
our business. If the amount of power available to us is inadequate to support our customer requirements, we may be unable to satisfy our
obligations to our customers or grow our business. In addition, our data centers may be susceptible to power shortages and planned or
unplanned power outages caused by these shortages. Power outages may last beyond our backup and alternative power arrangements, which
would harm our customers and our business. Any loss of services or equipment damage could adversely affect both our ability to generate
revenues and our operating results, harm our reputation and potentially lead to customer disputes or litigation.

A curtailment or disruption in energy supply in Iceland, Canada or the U.S. due to regulations and policies implemented by their respective governments, which prioritize energy supply, may cause a substantial disruption or discontinuance of our data center operations based in Iceland, Canada, or prospectively in the U.S. and therefore impair our financial condition or results of operations.

Through WhiteFiber Iceland ehf, the Company has
established and has been operating its colocation data center in Northern Iceland developing a fleet of 256 servers since November 2023.
Through WhiteFiber’s subsidiary Enovum which was acquired in October 2024, we have been operating our H