Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 18

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 18
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, incurrence of debt, contingent liabilities or future write-offs of intangible
assets or goodwill, any of which could have a negative impact on our cash flows, financial condition and results of operations. Integration
of an acquired company may also disrupt ongoing operations and require management resources that otherwise would be focused on developing
and expanding our existing business. We may experience losses related to potential investments in other companies, which could harm our
financial condition and results of operations. Further, we may not realize the anticipated benefits of any acquisition, strategic alliance
or joint venture if such investments do not materialize.

To finance any acquisitions
or joint ventures, we may choose to issue Ordinary Shares, preference shares or a combination of debt and equity as consideration, which
could significantly dilute the ownership of our existing shareholders. Additional funds may not be available on terms that are favorable
to us, or at all. If the price of our Ordinary Shares is low or volatile, we may not be able to acquire other companies or fund a joint
venture project using shares as consideration.

Our results of operations may fluctuate significantly and may not fully reflect the underlying performance of our business.

Our results of operations, including the levels
of our net revenues, expenses, net loss and other key metrics, may vary significantly in the future due to a variety of factors, some
of which are outside of our control, and period-to-period comparisons of our operating results may not be meaningful, especially given
our limited cloud services and data centers’ operating history. As a result of adverse factors described below, there can be no
assurance we will achieve and maintain profitability. The results for any one quarter are not necessarily an indication of future performance.
Fluctuations in quarterly results may adversely affect the market price of our Ordinary Shares. Factors that may cause fluctuations in
our annual financial results include:

| ● | the amount and timing of operating expenses related to our new business operations and infrastructure; and |

| ● | general economic, industry and market conditions. |

If we fail to effectively manage our growth, our business, financial condition and results of operations could be harmed.

We
are a development stage company with a small management team and are subject to the strains of ongoing development and growth, which will
place significant demands on our management and our operational and financial infrastructure. Although we may not grow as we expect, if
we fail to manage our growth effectively or to develop and expand our managerial, operational and financial resources and systems, our
business and financial results would be