Bit Digital applies for financing of up to 500 million dollars through ATM

ChainCatcher news, Bitcoin mining company Bit Digital has applied to raise up to $500 million through an "At-the-Market" (ATM) offering, exceeding its current market value of $429 million, intended for expanding high-performance computing and cloud services. The funds will be used for expenditures on mining machines and cloud service equipment, working capital, and potential acquisitions.