Company: BTBT
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110383
Chunk: 326

Company: Bit Digital, Inc
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 3
Chunk 326
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 We may be unable to secure the required financing which
may not result in increased revenue or profitability in the short term or at all. We will also incur increased compliance costs associated
with growth, expanding our customer base, and being a public company. Our efforts to grow our business may be costlier than we expect,
or the revenue 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
face intense competition in the data centers operations and may not be able to compete with other companies. If we do not continue to
innovate in the design and management of data centers in order to offer innovative solutions to store, process and manage digital information,
including artificial intelligence (“AI”) and machine learning (“ML”) applications, to our customers and partners,
we may not remain competitive, which could harm our business, financial condition, data centers and operating results.

We
may not be able to compete successfully against present or future competitors. We do not have the capital resources to compete with larger
providers of similar data centers at this time. Our data centers business environment is rapidly evolving and intensely competitive,
and it faces frequent introductions of rival solutions and new technologies. To compete successfully, we must, among other things, accurately
anticipate data center technology developments and innovate data centers’ design, management and technologies in a timely manner.
As our data centers business evolves, the competitive pressure to innovate will encompass a wider range of technologies and solutions.
We must continue to invest significant resources in personnel, technical 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,