Company: BTBT
Filing Date: 2025-03-14
Form Type: 10-K
Source: 0001013762-25-000307
Chunk: 187

Company: Bit Digital, Inc
Filing Date: 2025-03-14
Form: 10-K
Item: Item 1
Chunk 187
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 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.

30

We depend upon third-party suppliers for
power, and we are vulnerable to service failures and price increases by such suppliers and to volatility in the supply and price of power
in the open market.

We
rely on third parties to provide power to our data centers, and we cannot ensure that these third parties will deliver such power in adequate
quantities or on a consistent basis. We are also reliant on third parties to deliver additional power capacity to support the growth of
our business. If the amount of power available to us is inadequate to support our customer requirements, we may be unable to satisfy our
obligations to our customers or grow our business. In addition, our data centers may be susceptible to power shortages and planned or
unplanned power outages caused by these shortages. Power outages may last beyond our backup and alternative power arrangements, which
would harm our customers and our business. Any loss of services or equipment damage could adversely affect both our ability to generate
revenues and our operating results, harm our reputation and potentially lead to customer disputes or litigation.

In
addition, we may be subject to risks and unanticipated costs associated with obtaining power from various utility companies. Utilities
that serve our data centers may be dependent on, and sensitive to price increases for, a particular type of fuel, including hydroelectric.
In addition, the total cost of delivered electricity could increase as a result of: regulations intended to regulate carbon emissions
and other pollutants, ratepayer surcharges related to recovering the cost of extreme weather events and natural disasters (including volcanoes
in Iceland), geopolitical conflicts, military conflicts, grid modernization charges, as well as other