Bit Digital announced the sale of $150 million in stock and the shift from Bitcoin mining to Ethereum staking, causing the stock price to fall nearly 19%.
Gate News bot news, the former Bitcoin mining company Bit Digital's stock price experienced a big dump this week, with a nearly 19% drop in five days, closing at $1.99 on June 27, down 15% in just 24 hours. Previously, Bit Digital announced a series of significant news, including a $150 million IPO and a strategic shift to Ethereum staking. On Thursday, the company announced a large-scale public offering, issuing 75 million shares of common stock to raise $150 million.