Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 19

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 19
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 materially harmed.

Our customers frequently make advance payments based on anticipated future usage.

In
our cloud service business, customers often make advance payments to finance the equipment they intend to purchase from us. If we are
unable to meet the contract requirements or deliver GPU clusters to their satisfaction for any reason, we may be obligated to refund these
deposits.

In
our colocation Data Center Hosting Business, customers typically pay a month in advance based on their projected demand. If we are unable
to provide the services as expected for any reason, we would be required to issue a credit or refund the difference to the customer. Any
such refunds or issuances of credit could have an adverse effect on our business, results of operations, and financial condition.

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We intend to grow our business through strategic acquisitions, investments, and joint ventures that involve numerous risks and uncertainties.

We intend to grow our business
through strategic transactions, including acquisitions, investments, and joint ventures, that involve numerous risks and uncertainties.
We expect to continue to be in various stages of seeking, evaluating, and pursuing additional strategic transactions both in the U.S.
and in non-U.S. jurisdictions. These transactions are likely to require unique approaches to integration due to, among other reasons,
the structure of the transactions, the locations, and cultural differences among the other company’s teams and ours, and have required
and will continue to require significant attention from our management team as described in the risk factor titled “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”. If we are
unable to obtain the anticipated benefits from these transactions, or if we encounter difficulties in integrating any acquired operations
with our business, our financial condition and results of operations could be materially harmed.

Dependence on joint ventures and other local partners could adversely affect our profits.

We intend to conduct some
operations through joint ventures in which unaffiliated third parties may control or have significant influence on the operations of the joint
venture. As with any joint venture arrangement, differences in views among the joint venture participants may result
in the joint venture operating in a manner that is contrary to our preference, delayed decisions or in failures to agree on
major issues. These factors could have a material adverse effect on the business and results of operations of our joint ventures and,
in turn, our business and combined results of operations. In