Bit Digital applied for financing of up to 500 million dollars through ATM.

2025-05-04 12:58:06

Bitcoin mining company Bit Digital applied to raise up to $500 million through the “At-the-Market” (ATM) method, exceeding its current market capitalization of $429 million, intended for expanding high-performance computing and cloud services. The funds will be used for expenditures on Mining Rigs and cloud service equipment, operating capital, and potential acquisitions. (The Miner Mag)

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