Bit Digital has applied for financing of up to US$500 million through ATM

Bitcoin mining company Bit Digital has applied to raise up to $500 million through the "At-the-Market Offering" (ATM) method, exceeding its current market value of $429 million, to further diversify the development of high-performance computing and cloud services. According to the documents submitted on Wednesday, as of April 28, Bit Digital had 203.8 million shares outstanding. The funds will be used for mining and cloud service equipment expenses, operating capital, and potential mergers and acquisitions.