Bit Digital has reached a stock placement financing agreement of approximately $67.3 million to continue purchasing ETH.

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[Bit Digital reaches approximately $67.3 million stock placement financing agreement to continue purchasing ETH] Nasdaq-listed Bit Digital, Inc. announced that it has entered into a stock placement agency agreement with B. Riley Securities, Inc. to sell 22 million shares of common stock at an issuance price of $3.06 per share, with the expected fundraising amount reaching approximately $67.3 million. The company plans to use the net proceeds from this fundraising to purchase Ethereum (ETH). It is reported that the preliminary prospectus supplement and the final prospectus supplement related to this issuance have been submitted to the SEC.

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