Bit Digital Announces Open Offer for Common Stock
New York, June 25, 2025 – Bite Digital, Inc. (NASDAQ: BTBT) has announced that it is starting an open offer to underwrite common stock. The shares being sold in this offering will come directly from the company itself. However, the company can’t promise when or if the offering will be finalized, or even what its specific conditions might be. The plan is to utilize the net proceeds from this offering to acquire Ethereum.
B. Riley Securities is leading the offering as the sole book-running manager, while Clear Street, Craig-Hallum, and Northland Capital Markets are involved as co-managers.
This offering is part of a larger set of securities outlined in a supplementary document that the company initially filed with the Securities and Exchange Commission (SEC) on April 30, 2025. This was declared effective on June 20, 2025. Interested parties can access the SEC website for further details at http://www.sec.gov. For a copy of the preliminary prospectus supplement, it can be obtained from B. Riley Securities located at 1300 17th Street North, Suite 1300, Arlington, Virginia 22209, or by calling 703-312-9580 or emailing fountpecuses@brileysecurities.com. The final terms of the offering will be revealed in an accompanying supplement to the final prospectus that will be submitted to the SEC.
This announcement does not serve as an offer or solicitation to buy these securities, nor does it allow for such sales in states or jurisdictions where such actions are illegal before registration or qualification under local securities laws.
About Bit Digital
Bit Digital operates as a public digital asset platform focusing on Ethereum and its associated financial strategies. The company began accumulating and staking Ethereum in 2022 and currently has one of the largest staking infrastructures globally for Ethereum. Their platform emphasizes advanced validator operations and top-tier custody, as well as protocol governance and yield optimization. Through various strategic partnerships within the Ethereum ecosystem, Bit Digital intends to provide secure, scalable, and compliant avenues for on-chain yields.
Investor Notice and Forward-Looking Statements
This announcement contains forward-looking statements regarding Bit Digital, Inc. and its subsidiaries, which are distinct from historical facts. Often identified by terms like “believe,” “intend,” or “expect,” these statements come with inherent risks and uncertainties. While the company believes these expectations are reasonable, they might be proved incorrect due to various factors. Investing in these securities carries high risks. Potential investors are encouraged to thoroughly analyze the risks and uncertainties outlined in the Risk Factors section of the Annual Report on Form 10-K for the year ending December 31, 2024, as well as quarterly reports on Form 10-Q and the current report on Form 8-K. It’s crucial not to place undue trust in these forward-looking statements, as circumstances can change at any time.
Actual outcomes may differ significantly from those anticipated due to various factors discussed in the company’s periodic SEC filings, which are also available on their website at http://www.sec.gov. Risks involved could adversely affect the company’s business and financial health, potentially leading to a decline in the value of the securities, affecting investment returns. Additional unforeseen risks may also emerge that could impact the business. Furthermore, past financial results may not certain to predict future performance, making historical trends a poor gauge for future outcomes.
