Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 31

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 31
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from operating properly. If our cloud services do not function reliably, we may incur fines and monetary penalties, as well as regulatory
orders requiring remedial, injunctive, or other corrective actions.

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Regulators may limit our ability
to develop or implement our cloud services technology and infrastructure and/or may eliminate or restrict the confidentiality of our technology,
which could have a material adverse effect on our financial condition and results of operations.

Our future success depends
on our ability to continue to develop and implement our cloud services technology, and to maintain the confidentiality of this technology.
Changes to existing regulations, their interpretation or implementation, or new regulations could impede our use of this technology, or
require that we disclose our technology to our competitors, which could impair our competitive position and result in a material adverse
effect on our business, results of operations, and financial condition.

We face intense competition in the cloud services industry and may not be able to compete with other companies. If we do not continue to innovate and provide cloud services to our customers and partners, we may not remain competitive, which could harm our business, financial condition, cloud service and operating results.

We
may not be able to compete successfully against present or future competitors. We do not have the resources to compete with larger providers
of similar products or services at this time. Our cloud services business environment is rapidly evolving and intensely competitive; it
faces changing cloud service technologies, shifting customer needs, and frequent introductions of rival products and services. To compete
successfully, we must accurately anticipate cloud service technology developments and deliver innovative, relevant, and useful products,
services, and technologies in a timely manner. As our cloud services business evolves, the competitive pressure to innovate will encompass
a wider range of products and services. We must continue to invest significant resources in technical infrastructure and R&D, including
through acquisitions, in order to enhance our cloud service technology, and services. With the limited resources we have available, we
may experience difficulties in expanding and improving our colocation data center and services to remain competitive. 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 business in the future. This competition from other entities with greater resources, experience and reputations
may result in our failure to maintain or expand our business, as we may never be able to successfully execute our business plan. If we
are unable to expand and remain competitive, our business