Bit Digital raises $150M via public offering to add Ethereum to its treasury.

Bit Digital has raised $150 million through a public share offering to pivot its focus from Bitcoin mining to Ethereum staking and digital asset treasury operations. The company plans to use most of the proceeds to acquire Ethereum (ETH) and has wound up its Bitcoin mining operations due to increasing economic pressures in the sector. This move marks one of the most significant ETH treasury commitments by a publicly listed firm so far.