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

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].