Bit Digital has successfully raised $150 million through a public offering, marking a significant strategic shift from Bitcoin mining to Ethereum investments. The company issued 75 million shares at $2 each, with an option for underwriters to purchase an additional 11.25 million shares within 30 days. The funds will be used to acquire Ethereum, representing one of the largest public commitments to ETH by a mining company. This move formalizes Bit Digital's exit from the Bitcoin mining sector, as the company plans to sell or close its Bitcoin mining operations. As of March 31, Bit Digital held 24,434 ETH and 418 BTC, with plans to gradually convert its Bitcoin holdings into Ethereum.