Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 20

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 20
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 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 addition to joint ventures, we may rely on local third-party partners in
foreign jurisdiction, as we do in Iceland, to provide various services in support of our cloud services and HPC data center businesses,
including installation, service and technical support, as well as the provision of equipment and personnel. If a local partner is unwilling
or unable to deliver its services for any reason including, but not limited to, a dispute with us, the deterioration of its financial
condition or a loss of personnel, we may be unable to engage an alternative partner or subcontractors to perform the same services, or
on terms substantially similar to those with our existing partners. The failure to do so may cause us to breach the terms of existing
contracts, impede our ability to complete orders, and/or result in damage to our customer relationships in that jurisdiction, any of which
may damage our reputation and have a material adverse effect on our business in the impacted jurisdiction.

If one of our customers were to obtain exclusive rights to open source technologies that we employ across our businesses, our ability to realize significant operating efficiencies could be jeopardized.

Our business model leverages
our ability to share significant open source technological innovations across cloud services, our data centers and customers. If one of
our customers were to obtain exclusive rights to what are now open source technologies we employ across our businesses, we could be limited
in obtaining essential supplies at competitive costs and sharing