The prospectus is a “shelf” registration, meaning there is no present intention to immediately sell all the securities being registered.

Bit Digital migrated all of its bitcoin mining rigs in North America from China last year amid China’s sweeping ban of the industry. Almost 40% of its machines have came online in North America as of March 16.

The rest of the miners that are awaiting installation in the U.S. are expected to be installed at sites operated by Compute North and/or at the new facilities to be operated by Digihost and Blockfusion in upstate New York in 2022,

Riot Blockchain (RIOT) filed a similar prospectus to sell up to $500 million shares in an ATM offering. And another miner, Mawson Infrastructure, also announced this month it was looking to raise up to $500 million in equity offerings.