Company: BTBT
Filing Date: 2025-07-03
Form Type: S-8 POS
Source: 0001213900-25-061371
Chunk: 34

Company: Bit Digital, Inc
Filing Date: 2025-07-03
Form: S-8 POS
Chunk 34
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 operating results, financial condition, and future prospects.

We
believe that the successful use of our platform requires a high level of support and engagement for many of our customers. In order to
deliver appropriate customer support and engagement, we must successfully assist our customers in deploying and continuing to use our
platform, resolve performance issues, address interoperability challenges with the customers’ existing IT infrastructure, and respond
to security threats and cyber-attacks and performance and reliability problems that may arise from time to time. Increased demand for
customer support and cloud operations services, without corresponding increases in revenue, could increase our costs and adversely affect
our business, operating results, financial condition, and future prospects.

Furthermore,
there can be no assurance that we will be able to hire sufficient support personnel as and when needed, particularly if our sales exceed
our internal forecasts. We expect to increase the number of our customers, and that growth may put additional pressure on our customer
support and cloud operations services teams. Our customer support and cloud operations services teams may need additional personnel to
respond to customer demand. We may be unable to respond quickly 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