According to news from BiJie Wang, on May 4, Bitcoin mining company Bit Digital applied for financing of up to $500 million through the "At-the-Market" (ATM) issuance method, exceeding its current market capitalization of $429 million, intended for expanding its high-performance computing and cloud services business. The funds will be used for expenditures on mining rigs and cloud service equipment, operating capital, and potential acquisitions.

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