Bit Digital Inc. (Nasdaq: BTBT) has announced the commencement of a public offering of its ordinary shares. The offering, which is underwritten, will see all shares sold by the company itself. The proceeds from this offering are intended for purchasing Ethereum. B. Riley Securities is leading the offering as the sole bookrunning manager, with Clear Street, Craig-Hallum, and Northland Capital Markets serving as co-managers. The offering is being conducted under a shelf registration statement on Form S-3, recently declared effective by the SEC. Final terms of the offering will be revealed in a prospectus supplement filed with the SEC.