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The cryptocurrency mining company Bit Digital has raised $1.5 million to buy news from Gate, according to a report by The Miner Mag. The cryptocurrency mining company Bit Digital raised $150 million in a public offering to accelerate its transition from Bitcoin mining to operations related to Ethereum stocks and revenues. The company issued 75 million shares at a price of $2 per share, in addition to 11.25 million shares that can be offered to underwriters through options for 30 days. Proceeds from this issuance will be used to buy Ethereum, which is one of the largest public financial commitments for ETH to date. This round of funding has officially marked the company's strategic withdrawal from the Bit mining industry, as the company now plans to sell or close this business. As of March 31, Bit Digital owns approximately 24,434 Ethereum and 418 Bitcoin, and plans to convert all of its Bitcoin holdings to Ethereum over time.

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GateUser-e78067b2vip
· 06-27 03:27
Hold on tight 💪
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