Bit Digital has applied to raise up to $500 million via ATM
2025-05-04 13:17:15
Bitcoin miner Bit Digital has applied to raise up to $500 million through a "Market Instant Quote Offering" (ATM), exceeding its current market capitalization of $429 million, to expand the development of high-performance computing and further diversification of Cloud as a Service. According to a filing on Wednesday, Bit Digital had 203.80 million shares outstanding as of April 28. It is understood that the funds will be used for equipment spending for mining machines and Cloud as a Service, working capital and potential mergers and acquisitions.
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