Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 452

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1A
Chunk 452
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PC data centers businesses.
Our current business, including our growth strategy for our business, involves industries that are itself new and constantly evolving
and is subject risks, many of which are discussed below. See “Digital Assets Related Risks” below.

15

Our results of
operations may fluctuate significantly and may not fully reflect the underlying performance of our business.

Our results of operations,
including the levels of our net revenues, expenses, net loss and other key metrics, may vary significantly in the future due to a variety
of factors, some of which are outside of our control, and period-to-period comparisons of our operating results may not be meaningful,
especially given our limited cloud services and HPC data centers operating history. As a result of adverse factors described below, there
can be no assurance we will achieve and maintain profitability.

The results for any one
quarter are not necessarily an indication of future performance. Fluctuations in quarterly results may adversely affect the market price
of our Ordinary Shares. Factors that may cause fluctuations in our annual financial results include:

●the
amount and timing of operating expenses related to our new business operations and infrastructure; and

●general
economic, industry and market conditions.

We may acquire other businesses, form joint
ventures or acquire other companies or businesses that could negatively affect our operating results, dilute our shareholders’ ownership,
increase our debt or cause us to incur significant expense; notwithstanding the foregoing, our growth may depend on our success in uncovering
and completing such transactions.

We seek to enter cloud
services and HPC data centers businesses around the globe. However, we cannot offer any assurance that acquisitions of businesses, assets
and/or entering into strategic alliances or joint ventures will be successful. We may not be able to find suitable partners or acquisition
candidates and may not be able to complete such transactions on favorable terms, if at all. If we make any acquisitions, we may not be
able to integrate these acquisitions successfully into our existing infrastructure. In addition, in the event we acquire any existing
businesses we could assume unknown or contingent liabilities.

Any future acquisitions
also could result in the issuance of shares, incurrence of debt, contingent liabilities or future write-offs of intangible assets or goodwill,
any of which could have a negative impact on our cash flows, financial condition and results of operations. Integration of an acquired
company may also disrupt ongoing operations and require management resources that otherwise would be focused on developing and expanding
our existing business. We may experience losses related to potential investments in