Bit Digital has applied to raise up to US$500 million through ATM."

Crypto 7x24

2025-05-04 22:21:43

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According to online reports, Bitcoin mining company Bit Digital has applied to raise up to US$500 million through a "Market Instant Quotation"(ATM) approach, exceeding its current market value of US$429 million, to expand the further diversification of high-performance computing and cloud services. According to documents filed Wednesday, Bit Digital had 203.8 million shares outstanding as of April 28. It is reported that the funds will be used for mining machines and cloud service equipment expenditures, working capital and potential mergers and acquisitions.

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