Listed firm sells $14M of shares for 1 EH/s in Bitcoin mining power

The Nasdaq-listed (BTC) mining company Bit Digital has announced it will issue $13.9 million in shares in exchange for mining hardware.

According to a Nov. 11 announcement, Bit Digital has inked asset-purchase agreements with non-U.S. investors to issue 4,344,711 shares valued at $3.20 each in exchange for Bitcoin miners boasting a combined hash power of 1,000 petahashes per second (PH/s), or 1 exahash (EH/s).