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Bit Digital Places Direct Offering to Raise $67.3 Million

Bit Digital reported Monday it has entered a deal with institutional investors to sell 22 million ordinary shares at a price of $3.06 per share, to raise about $67.3 million.The company said the direct offering is expected to close on or around July 15.Bit Digital plans to use the net proceeds from the proposed offering to buy Ethereum.
Bit Digital Places Direct Offering to Raise $67.3 Million

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