BUZZ-Australia's DigitalX rises on fund raising to expand bitcoin treasury

Reuters07-08

** Shares of DigitalX DCC.AX rise 9.8% to A$0.09, their highest level since Feb 2022

** The bitcoin mining co raises A$20.7 million ($13.48 million) at an issue price of A$0.074 per share, a discount of 9.8% to stock's last close

** DigitalX says proceeds to be used to expand co's existing Bitcoin treasury position

** About 10 million shares change hands, 1.5x the 30-day average of 6.5 million

** Stock up 68.5% YTD, including moves in current session

($1 = 1.5354 Australian dollars)

(Reporting by Jasmeen Ara Shaikh in Bengaluru)

((JasmeenAraIslam.Shaikh@thomsonreuters.com;))

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