Bit Digital, Inc. (BTBT) has disclosed a new risk, in the Trade Secrets category.
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Bit Digital, Inc. faces significant business risks due to its lack of patents protecting its intellectual property, which could undermine its competitive position. The company relies on trademarks, domain names, and proprietary technologies, safeguarded by intellectual property laws and contractual agreements, to protect its assets. However, the absence of patents and non-compete agreements with non-executive employees leaves it vulnerable to challenges, misappropriation, and costly litigation. This vulnerability, combined with reliance on third-party technologies, could adversely affect its business operations and financial health.
The average BTBT stock price target is $5.88, implying 143.98% upside potential.
To learn more about Bit Digital, Inc.’s risk factors, click here.