October 3, 2025 - B. Riley Securities, Inc. ("B. Riley Securities"), a leading middle market investment bank, today announced that it served as joint lead book-running manager for Bit Digital, Inc.'s (Nasdaq: BTBT) public offering of $150 million aggregate principal amount of 4.00% convertible senior notes due 2030. The transaction included the underwriters' full exercise of the overallotment option for an additional $15 million of Notes, issued on the same terms and conditions.
Bit Digital intends to use the net proceeds primarily to purchase Ethereum and for general corporate purposes, including potential investments, acquisitions, and other digital asset-related opportunities.
This marks the fourth transaction that B. Riley Securities has led or jointly led on behalf of Bit Digital - spanning M&A advisory, equity raises, and now this timely convertible notes offering. The firm is proud to serve as a comprehensive partner to this dynamic management team.
This transaction builds on the momentum of B. Riley Securities' expanded convertibles practice and reinforces its leadership in advising companies at the intersection of digital asset treasury management and AI infrastructure initiatives.
B. Riley Securities' Investment Banking team was led by Joe Nardini and Patrick Hanniford, and included Alex Wolodzko and Hayden Kickbush. Our Capital Markets team was led by Pat Pilouk, Jimmy Baker, and Ryan Aceto, with Dawn Farrell and Forbes Aggabao.
About B. Riley Securities
B. Riley Securities provides a full suite of investment banking and capital markets services to corporations, financial sponsors, and institutional investors across all industry verticals. Services include initial, secondary, and follow-on offerings, institutional private placements, merger and acquisition (M&A) advisory, SPACs, corporate restructuring, and liability management. Widely recognized for its thematic proprietary equity research, clients benefit from BRS' extensive network, industry expertise, and proven execution capabilities through its end-to-end financial services platform. For more information, visit www.brileysecurities.com. Follow us on LinkedIn.