TechFlow news, June 27 — According to Theminermag, Bitcoin mining company Bit Digital has raised $150 million through a public offering to accelerate its transition from Bitcoin mining to Ethereum staking and reserve operations.
The company issued 75 million shares at $2 per share and granted underwriters a 30-day option to purchase an additional 11.25 million shares. The proceeds will be used to purchase Ethereum.
Previous report, Bitcoin mining firm Bit Digital announced the termination of its Bitcoin mining operations and a full shift to Ethereum staking and reserves.
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