Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 115

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 115
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 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.

We
regard trademarks, domain names, know-how, proprietary technologies and similar intellectual property as critical to our success, and
we rely on a combination of intellectual property laws and contractual arrangements, including confidentiality and non-compete agreements
with our employees and others, to protect our proprietary rights. However, we do not have any patents protecting our intellectual property.
Thus, we cannot assure you that any of our intellectual property rights would not be challenged, invalidated, circumvented or misappropriated,
or such intellectual property will be sufficient to provide us with competitive advantages. In addition, because of the rapid pace of
technological change in our industry, parts of our business rely on technologies developed or licensed by third parties, and we may not
be able to obtain or continue to obtain licenses and technologies from these third parties on reasonable terms, or at all.

Preventing
any unauthorized use of our intellectual property is difficult and costly and the steps we take may be inadequate to prevent the misappropriation
of our intellectual property. In the event that we resort to litigation to enforce our intellectual property rights, such litigation could