Bit Digital applies to raise up to $500 million through ATM financing

According to BlockBeats, on May 4th, Bitcoin mining company Bit Digital applied to raise up to $500 million through an "Instant Market Offer" (ATM), exceeding its current market value of $429 million, with plans to expand its high-performance computing and cloud services business. The funds will be used for mining machine and cloud service equipment expenses, operating capital, and potential mergers and acquisitions.