DigiPower X launches stock offering plan to raise $100 million to expand bitcoin mining capacity
2025-06-07 06:00:52
DigiPower X, a Nasdaq-listed company, announced the launch of a stock offering to raise $100 million through the sale of voting shares in support of its strategic roadmap. The new funds are intended to be used for general corporate purposes, including to fund ongoing operations and/or Working Funds needs, and to complete the construction of the company's data center to expand bitcoin mining capabilities. In addition, DigiPower X also released unaudited bitcoin mining data as of May 31, 2025, which disclosed that it mined approximately 35 BTC worth approximately $3.70 million last month, and that it held cash, bitcoin, and cash deposits totaling approximately $9.30 million.
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