The title of the question says it all. I have been researching SHA-1 and most places I see it being 40 Hex Characters long which to me is 640bit. Could it not be represented
My answer only differs from the previous ones in my theory as to the EXACT origin of the OP's confusion, and in the baby steps I provide for elucidation.
A character takes up different numbers of bytes depending on the encoding used (see here). There are a few contexts these days when we use 2 bytes per character, for example when programming in Java (here's why). Thus 40 Java characters would equal 80 bytes = 640 bits, the OP's calculation, and 10 Java characters would indeed encapsulate the right amount of information for a SHA-1 hash.
Unlike the thousands of possible Java characters, however, there are only 16 different hex characters, namely 0, 1, 2, 3, 4, 5, 6, 7, 8, 9, A, B, C, D, E and F. But these are not the same as Java characters, and take up far less space than the encodings of the Java characters 0 to 9 and A to F. They are symbols signifying all the possible values represented by just 4 bits:
0 0000 4 0100 8 1000 C 1100
1 0001 5 0101 9 1001 D 1101
2 0010 6 0110 A 1010 E 1110
3 0011 7 0111 B 1011 F 1111
Thus each hex character is only half a byte, and 40 hex characters gives us 20 bytes = 160 bits - the length of a SHA-1 hash.