Bitcoin miner Bit Digital raises $150 million to buy ETH and exit mining industry
2025-06-27 02:36:26
According to The Miner Mag, Bit Digital raised $150 million through a public offering to accelerate its transition from bitcoin mining operations to Ethereum staking and treasury operations. The company priced 75 million shares at $2 per share and offered an additional 11.25 million shares to underwriters through a 30-day option. Proceeds from the offering will be used to purchase Ethereum, one of the largest public ETH financial commitments to date.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
