Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 115

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 115
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 or better performance outcomes with more energy-efficient, cost-effective, or less resource-intensive
technologies, they may adjust their need for large-scale, high capacity data center solutions. This shift could have an adverse effect
on our business, results of operations, and financial condition. We continuously monitor industry trends and invest in innovation to mitigate
these risks. However, there is no assurance that we will be able to anticipate or respond effectively to such changes, which could have
an adverse effect on our business, results of operations, and financial condition.

We rely upon licenses of third-party intellectual property rights and may be unable to protect our software codes.

We
actively use specific hardware and software for our cloud services and colocation data center operations. In certain cases, source code
and other software assets may be subject to an open source license, as much technology development underway in this sector is open source.
For these works, we intend to adhere to the terms of any license agreements that may be in place.

We
do not currently own, and do not have any current plans to seek, any patents in connection with our existing and planned operations. We
rely upon trade secrets, trademarks, service marks, trade names, copyrights and other intellectual property rights and expect to license
the use of intellectual property rights owned and controlled by others. In addition, we have developed and may further develop certain
proprietary software applications for purposes of our operations. Our open source licenses may not afford us the protection we need to
protect our intellectual property.

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Our internal systems rely on software that is highly technical, and, if it contains undetected errors, our business could be adversely affected.

Our
internal systems rely on software that is highly technical and complex. In addition, our internal systems depend on the ability of such
software to store, retrieve, process and manage immense amounts of data. The software on which we rely has contained, and may now or in
the future contain, undetected errors or bugs. Some errors may only be discovered after the code has been released for external or internal
use. Any errors, bugs or defects discovered in the software on which we rely could result in harm to our reputation, or liability for
damages, any of which could adversely affect our business, results of operations and financial conditions.

We do not have any patents protecting our intellectual property and may not be able to prevent others from unauthorized use of our intellectual property, which could harm our business and competitive position.