๐จBIT DIGITAL CHASES $500M AMID
#MINING SQUEEZE AND
#CLOUD SHIFT
๐น
#Filed ATM equity offering up to $500M, exceeding $429M market cap
๐นProceeds to fund HPC expansion, mining gear, and acquisitions
๐นPartnering with H.C. Wainwright & Co. as sales agent (3% commission)
๐นReflects tight mining margins; Q4 fleet hashcost at $44/PH/s
๐นPart of broader $6.2B Q4 2024 fundraising by public miners
-TheMinerMag, May 4, 2025
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