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