Bit Digital raising $500M for cloud service pivot as BTC mining profit margins tighten

Bit Digital, a global platform for high-performance computing (HPC) infrastructure and digital asset mining company, has announced plans to raise up to $500 million through an at-the-market (ATM) equity offering. The fundraising move by the firm is an attempt to boost its expansion into HPC and cloud services, as traditional Bitcoin mining becomes less profitable […] source: https://www.cryptopolitan.com/bit-digital-raising-500m-for-cloud-service/