Bit Digital Inc. (Nasdaq: BTBT) announced a proposed registered underwritten public offering of $100 million aggregate principal amount of convertible senior notes due 2030. The company has also granted underwriters a 30-day option to purchase up to an additional $15 million aggregate principal amount of notes to cover over-allotments. The notes will be senior, unsecured obligations, maturing on October 1, 2030, unless earlier converted, redeemed, or repurchased. Holders may convert their notes at their option prior to the close of business on the second scheduled trading day immediately preceding the maturity date. Upon conversion, Bit Digital may pay or deliver cash, ordinary shares, or a combination of both, at its election. The interest rate and initial conversion rate will be determined at the time of pricing. Net proceeds are expected to be primarily used for the purchase of Ethereum and for general corporate purposes, including potential investments and acquisitions related to digital assets. The full prospectus is available on the SEC's website at https://www.sec.gov.