Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 453

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1A
Chunk 453
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 other companies, which could harm our financial condition
and results of operations. Further, we may not realize the anticipated benefits of any acquisition, strategic alliance or joint venture
if such investments do not materialize.

To finance any acquisitions
or joint ventures, we may choose to issue Ordinary Shares, preference shares or a combination of debt and equity as consideration, which
could significantly dilute the ownership of our existing shareholders or provide rights to such preferred shareholders in priority over
our Ordinary Shareholders. Additional funds may not be available on terms that are favorable to us, or at all. If the price of our Ordinary
Shares is low or volatile, we may not be able to acquire other companies or fund a joint venture project using shares as consideration.

Our new services and changes to existing
services could fail to attract or retain users or generate revenue and profits, or otherwise adversely affect our business.

Our ability to retain,
increase, and engage our user base and to increase our revenue depends heavily on our ability to continue to evolve our existing
services and to create successful new services, both independently and in conjunction with developers or other third parties. We may
introduce significant changes to our existing services or acquire or introduce new and unproven services, including using
technologies with which we have little or no prior development or operating experience. These efforts, including the introduction of
new services or changes to existing services, may result in new or enhanced governmental or regulatory scrutiny, litigation, ethical
concerns, or other complications that could adversely affect our business, reputation, or financial results. If our new services
fail to engage users or developers, or if our business plans are unsuccessful, we may fail to attract or retain users or to generate
sufficient revenue, operating margin, or other value to justify our investments, and our business may be adversely affected.

16

From time to time
we may evaluate and potentially consummate strategic investments, combinations, joint-ventures, acquisitions or alliances, which could
require significant management attention, disrupt our business and adversely affect our financial results.

We may evaluate and consider
strategic investments, combinations, joint-ventures, acquisitions or alliances in the bitcoin mining, cloud services or HPC data centers
and related businesses around the globe. These transactions could be material to our financial condition and results of operations if
consummated. If we are able to identify an appropriate business opportunity, we may not be able to successfully consummate the transaction
and, even if we do consummate such a