Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 34

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 34
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 enough to accommodate short-term increases in customer demand for services.
To the extent that we are unsuccessful in hiring, training, and retaining adequate support resources, our ability to provide high-quality
and timely support to our customers will be negatively impacted, and our customers’ satisfaction and their purchase of our infrastructure
could be adversely affected.

In
addition, as we continue to grow our operations and expand outside of the United States, we need to be able to provide efficient services
that meet our customers’ needs globally at scale, and our customer support and cloud operations services teams may face additional
challenges, including those associated with operating the platforms and delivering support, training, and documentation in languages other
than English and providing services across expanded time-zones. If we are unable to provide efficient customer support services globally
at scale, our ability to grow our operations may be harmed, and we may need to hire additional services personnel which could increase
our expenses, and negatively impact our business, financial condition, operating results, and future prospects.

The broader adoption, use, and commercialization of AI technology, and the continued rapid pace of developments in the AI field, are inherently uncertain. Failure by our customers to use our cloud services to support AI use cases in their systems, or our ability to keep up with evolving AI technology requirements and regulatory frameworks, could have a material adverse effect on our business, operating results, financial condition, and future prospects.

As
part of our growth strategy, we seek to attract and acquire customers requiring high-performance computing, such as AI, machine learning,
and automated decision-making technologies, including proprietary AI algorithms and models (collectively, “AI Technologies”).

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AI
has been developing at a rapid pace, and continues to evolve and change. As demand continues for AI services, AI providers, including
our customers, have sought increased compute capacity to enable advancements in their AI models and service the demands of end users.
We cannot predict whether additional computing power will continue to be required to develop larger, more powerful AI models, or if the
practical limits of AI technology will plateau in the future regardless of available compute capacity. Further, there have been recent
advancements in AI technology, including open-source AI models, that may lead to compute and other efficiencies that may impact the demand
for AI services, including our platform, solutions, and services, which may adversely impact our revenue and profitability. In the event
that existing scaling laws do not continue to apply as they have