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. Upon conversion, holders may receive cash, ordinary shares, or a combination, at the company's election. The interest rate and initial conversion rate will be determined at the time of pricing. Net proceeds are primarily intended for the purchase of Ethereum and may also be used for general corporate purposes, including potential investments and acquisitions related to digital assets. The preliminary prospectus supplement and accompanying prospectus are available on the SEC's website at www.sec.gov.