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DigiPower X launches stock issuance plan to raise $100 million to expand Bitcoin mining capacity

DailyNews

2025-06-07 05:59:24

BTC1,54%

According to Jinse Finance, Nasdaq-listed company DigiPower X has announced the launch of a stock issuance plan, intending to raise $100 million by selling voting shares to support its strategic roadmap. The new funds are planned for general corporate purposes, including financing ongoing operations and/or working capital needs, and completing the construction of the company’s data center to expand Bitcoin mining capacity. In addition, DigiPower X also disclosed its unaudited Bitcoin mining data as of May 31, 2025, revealing that it mined approximately 35 BTC last month, valued at around $3.7 million, with total cash, Bitcoin, and cash deposits amounting to about $9.3 million.

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