🚨BIT DIGITAL CHASES $500M AMID #MINING SQUEEZE AND #CLOUD SHIFT

🔹#Filed ATM equity offering up to $500M, exceeding $429M market cap

🔹Proceeds to fund HPC expansion, mining gear, and acquisitions

🔹Partnering with H.C. Wainwright & Co. as sales agent (3% commission)

🔹Reflects tight mining margins; Q4 fleet hashcost at $44/PH/s

🔹Part of broader $6.2B Q4 2024 fundraising by public miners

-TheMinerMag, May 4, 2025$BTC

BTC

68,485.59

+4.22%

$ETH

ETH

2,059.41

+8.17%