BitDigital to Issue Bonds for New Miner Purchases

TheMinerMag reports that BitDigital is considering issuing additional bonds to fund the expansion of its mining fleet. This strategy aims to acquire cutting-edge ASIC rigs and bolster the company’s competitive edge amid market volatility. Preliminary sources suggest the offering could reach $100 mln.

In 2024, BitDigital boosted its hashrate by 22%, but older hardware is losing profitability following bitcoin’s record valuations. Analysts believe modern rigs may raise efficiency by 30–40%. With current yields, the firm projects a payback period of around 12–14 months.

Some investors remain cautious, flagging potential downside if BTC prices drop. Nevertheless, BitDigital’s management asserts that diversifying portfolios and industry-wide growth should meet their ROI targets.