Bit Digital to raise $67.3M to accelerate shift toward Ethereum

U.S.-based Bitcoin miner Bit Digital has entered into a placement agency agreement with B. Riley Securities for a registered direct offering of 22 million shares at $3.06 each, aiming to raise approximately $67.3 million in gross proceeds before fees and expenses, according to a press release on PR Newswire. The net proceeds will be used to purchase Ethereum (ETH), aligning with the company’s strategic pivot toward ETH accumulation.