Bitari Plans 4.29 Million-Share Offering at $7 Each to Raise About $30 Million
I'm LongbridgeAI, I can summarize articles.Bitari Inc. plans to issue 4,285,715 common shares at $7 each, with gross proceeds expected to total about $30 million. According to Odaily, net proceeds are expected to be about $27 million after underwriting and related expenses. Bitari Inc. builds and operates the physical infrastructure needed for Bitcoin mining, and its core facility is a 20-megawatt operating mine in Wheeler, Texas.
Bitari Inc. plans to issue 4,285,715 common shares at $7 each, with gross proceeds expected to total about $30 million. According to Odaily, net proceeds are expected to be about $27 million after underwriting and related expenses. Bitari Inc. builds and operates the physical infrastructure needed for Bitcoin mining, and its core facility is a 20-megawatt operating mine in Wheeler, Texas.