Bitcoin mining company Bit Digital raises $150 million to buy ETH and exit the mining industry
Online reports, According to The Miner Mag, Bit Digital raised US$150 million through a public offering to accelerate its transition from Bitcoin mining to Ethereum pledge and financial 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. The proceeds from the offering will be used to purchase Ethereum, one of the largest public ETH financial commitments to date.
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