Bit Digital, Inc. Announces Commencement of Public Offering of its Ordinary Shares

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].