Core Viewpoint - Bit Digital, Inc. has successfully completed an underwritten public offering, raising approximately $162.9 million in net proceeds, which will be used to purchase Ethereum [2]. Group 1: Offering Details - The underwriters fully exercised their option to purchase an additional 11,250,000 ordinary shares, resulting in additional net proceeds of about $21.4 million [1]. - A total of 86,250,000 ordinary shares were issued and sold in the offering, leading to net proceeds of approximately $162.9 million after deducting underwriting discounts and estimated offering expenses [2]. Group 2: Use of Proceeds - The company intends to use the net proceeds from the offering to purchase Ethereum [2]. Group 3: Management and Registration - B. Riley Securities acted as the sole bookrunning manager, with Clear Street, Craig-Hallum, and Northland Capital Markets serving as co-managers for the offering [3]. - The offering was conducted under a shelf registration statement on Form S-3, which was filed with the SEC on April 30, 2025, and declared effective on June 20, 2025 [4]. Group 4: Company Overview - Bit Digital is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies, operating one of the largest institutional Ethereum staking infrastructures globally [6]. - The company began accumulating and staking ETH in 2022 and aims to provide secure, scalable, and compliant access to on-chain yield through strategic partnerships across the Ethereum ecosystem [6].

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content delivered by the team includes insights across various sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for its forward-looking approach and enthusiastic adoption of technology to enhance workflows [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans to maintain quality and best practices in content production [5]

Core Viewpoint - Bit Digital, Inc. has announced a public offering of 75 million ordinary shares priced at $2.00 per share, aiming to raise $150 million to purchase Ethereum [1]. Group 1: Offering Details - The public offering consists of 75,000,000 ordinary shares at a price of $2.00 per share, with gross proceeds expected to be $150 million before expenses [1]. - The underwriters have a 30-day option to purchase an additional 11,250,000 ordinary shares [1]. - The offering is anticipated to close on or about June 27, 2025, pending customary closing conditions [1]. Group 2: Underwriters and Management - B. Riley Securities is the sole bookrunning manager for the offering, with Clear Street, Craig-Hallum, and Northland Capital Markets serving as co-managers [2]. Group 3: Company Background - Bit Digital is a digital asset platform focused on Ethereum, having started accumulating and staking ETH in 2022 [5]. - The company operates one of the largest institutional Ethereum staking infrastructures globally, offering advanced validator operations and institutional-grade custody [5]. - Bit Digital aims to provide secure, scalable, and compliant access to on-chain yield through strategic partnerships within the Ethereum ecosystem [5].

Company Overview - Proactive is a financial news publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The company has a team of experienced news journalists who produce independent content across various financial markets [2] Market Focus - Proactive specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - The content includes insights into sectors such as biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is committed to adopting technology to enhance its content creation and workflow processes [4] - The company utilizes automation and software tools, including generative AI, while ensuring that all published content is edited and authored by humans [5]

NEW YORK, June 25, 2025 /PRNewswire/ -- Bit Digital, Inc. (Nasdaq: BTBT) ("Bit Digital" or the "Company"), today announced that its wholly-owned HPC subsidiary, WhiteFiber Inc. ("WhiteFiber"), has confidentially submitted a draft registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to the proposed initial public offering of WhiteFiber's ordinary shares. The number of shares to be offered and the price range for the proposed offering have not yet been deter ...

Core Viewpoint - Bit Digital, Inc. has announced the commencement of an underwritten public offering of its ordinary shares, with the intention to use the net proceeds to purchase Ethereum [1][5]. Group 1: Offering Details - The offering will consist solely of ordinary shares offered by the Company, with no assurance on the completion, size, or terms of the offering [1]. - B. Riley Securities is the sole bookrunning manager, while Clear Street, Craig–Hallum, and Northland Capital Markets are co-managers for the offering [2]. - The offering is being conducted under a shelf registration statement on Form S-3, which was filed with the SEC on April 30, 2025, and declared effective on June 20, 2025 [3]. Group 2: Company Overview - Bit Digital is a publicly traded digital asset platform focused on Ethereum-native treasury and staking strategies, having begun to accumulate and stake ETH in 2022 [5]. - The Company operates one of the largest institutional Ethereum staking infrastructures globally, offering advanced validator operations, institutional-grade custody, active protocol governance, and yield optimization [5]. - Bit Digital aims to provide secure, scalable, and compliant access to onchain yield through strategic partnerships within the Ethereum ecosystem [5].

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team covers medium and small-cap markets, as well as blue-chip companies, commodities, and broader investment stories [3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] Group 2 - Proactive is committed to adopting technology to enhance workflows and content production [4] - The company utilizes automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

Company Overview - Proactive is a publisher that provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2] - The news team operates from key finance and investing hubs including London, New York, Toronto, Vancouver, Sydney, and Perth [2] Market Focus - The company specializes in medium and small-cap markets while also covering blue-chip companies, commodities, and broader investment stories [3] - Proactive delivers news and insights across various sectors including biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto, and emerging digital and EV technologies [3] Technology Adoption - Proactive is recognized for being a forward-looking and enthusiastic adopter of technology, utilizing decades of expertise and experience among its content creators [4] - The company employs automation and software tools, including generative AI, while ensuring that all content is edited and authored by humans [5]

Core Insights - WhiteFiber, Inc., a subsidiary of Bit Digital, has entered into a credit agreement with the Royal Bank of Canada for financing its data centers business, providing up to C$60 million in total financing [1][2] - The financing will support the expansion of WhiteFiber's Tier-3 AI data center portfolio, reflecting the growing demand for AI compute [1][3] Financing Details - The credit agreement includes a real estate term loan, equipment financing, and a revolving facility, with interest rates set at CORRA plus 250 basis points and a term of three years [2] - The agreement is non-recourse to WhiteFiber or Bit Digital, indicating that the companies are not liable for the debt [2] Strategic Importance - The CEO of WhiteFiber highlighted that this financing is unprecedented in the sector, showcasing confidence in the company's business model and asset quality [3] - The financing is part of the company's strategy to unlock non-dilutive capital and scale its data center infrastructure to meet increasing demand [3]