Bit Digital plans to raise up to US$500 million through ATMs

Odaily News Bitcoin mining company Bit Digital has applied to raise up to $500 million through "market instant quotation issuance" (ATM), exceeding its current market value of $429 million, and intends to use it to expand its high-performance computing and cloud service business. According to documents filed on Wednesday, as of April 28, Bit Digital's outstanding shares were 203.8 million shares. It is reported that the relevant funds will be used for mining machine and cloud service equipment expenditures, operating funds and potential mergers and acquisitions. (Theminermag)