Bit Digital, Inc. Announces Significant Registered Direct Offering to Fuel Growth
New York, NY – July 14, 2025 – Bit Digital, Inc. (Nasdaq: BTBT), a global leader in digital asset mining operations, today announced a significant development in its strategic growth plan with the pricing of a registered direct offering of its ordinary shares. The company has successfully priced an offering of approximately $67.3 million in ordinary shares. This capital infusion is poised to provide Bit Digital with substantial resources to further enhance its operational capabilities and pursue strategic initiatives within the dynamic digital asset industry.
The registered direct offering, which was announced and priced on July 14, 2025, is expected to close on or around July 17, 2025, subject to the satisfaction of customary closing conditions. The shares were offered at a fixed price, providing a clear path for the company to secure the intended funding. While the specific details of the underwriting syndicate were not elaborated upon in the initial announcement, such offerings typically involve reputable financial institutions to ensure a smooth and successful transaction.
This substantial capital raise underscores Bit Digital’s commitment to expanding its market presence and strengthening its competitive position. The company intends to utilize the net proceeds from this offering for general corporate purposes, which may include, but are not limited to, the acquisition of new mining hardware, the expansion of its mining infrastructure, potential strategic investments or acquisitions, and for working capital.
Bit Digital has been actively working to optimize its mining operations and diversify its business model. This offering represents a key step in that ongoing strategy, providing the financial flexibility needed to capitalize on emerging opportunities and navigate the evolving landscape of digital asset mining. The company’s focus remains on delivering value to its shareholders through operational excellence and strategic growth.
This announcement comes at a time when the digital asset sector continues to experience significant innovation and transformation. Bit Digital’s proactive approach to securing funding demonstrates its forward-thinking management team and their dedication to positioning the company for long-term success. Investors will be closely watching as Bit Digital deploys these newly acquired funds to further solidify its standing in the global digital asset mining market.
Bit Digital, Inc. Announces $67.3 Million Registered Direct Offering of its Ordinary Shares
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