Company: BTBT
Filing Date: 2025-07-02
Form Type: S-8
Source: 0001213900-25-061020
Chunk: 38

Company: Bit Digital, Inc
Filing Date: 2025-07-02
Form: S-8
Chunk 38
---
 the data center, Internet, AI and data communications and broader technology industries. It is not possible for us to
predict the future level of demand for our services that will be generated by these customers or the future demand for the products and
services of these customers. Any such slowdown or adverse development could lead to reduced corporate IT spending or reduced demand for
data center space. Changes in industry practice or in technology could reduce demand for the physical data center space we provide. In
addition, our customers may choose to develop new data centers or expand their own existing data centers or consolidate into data centers
that we do not own or operate, which could reduce demand for our newly developed data centers or result in the loss of one or more key
customers. If any of our key customers were to do so, it could result in a loss of business to us or put pressure on our pricing. Mergers
or consolidations of technology companies could reduce further the number of our customers and potential customers and make us more dependent
on a more limited number of customers. If our customers merge with or are acquired by other entities that are not our customers, they
may discontinue or reduce the use of our data centers in the future. Our financial condition, results of operations, cash flow, cash available
for distribution and ability to satisfy our debt service obligations could be materially adversely affected as a result of any or all
of these factors.

<div align='center'>18</div>

We face intense competition in the data centers operations and may not be able to compete with other companies. If we do not continue to innovate in the design and management of data centers in order to offer innovative solutions to store, process and manage digital information, including AI and ML applications, to our customers and partners, we may not remain competitive, which could harm our business, financial condition, data centers and operating results.

We
may not be able to compete successfully against present or future competitors. We do not have the capital resources to compete with larger
providers of similar data centers at this time. Our data centers business environment is rapidly evolving and intensely competitive, and
it faces frequent introductions of rival solutions and new technologies. To compete successfully, we must, among other things, accurately
anticipate data center technology developments and innovate data centers’ design, management and technologies in a timely manner.
As our data centers business evolves, the competitive pressure to innovate will encompass a wider range of technologies and solutions.
We must continue to invest significant resources in personnel, technical