Bit Digital Completes $13.9M Deal for New Mining Machines
The company acquired nearly 18,000 new ASICs in an all-stock transaction.
The changes come amid an ongoing class-action lawsuit against the mining company.
Defendants allege the mining company made false and/or misleading statements and failed to disclose the true extent of its mining operations.
The company plans to expand U.S. mining with Compute North, Core Scientific and others, per a release.
The company shed $130 million in value after J Capital’s report.
The company had a total value of $6.2 million a year ago.