Bitzero closes $25M private placement

Bitzero Holdings Inc., a provider of sustainable high-performance compute and AI data center infrastructure, announced the closing of a private placement of 5,828,342 special warrants at US$4.25 per warrant for aggregate gross proceeds of approximately US$25 million. The company intends to use the net proceeds for repayment of outstanding indebtedness, continued development of product and service offerings, potential future acquisitions, working capital, and general corporate purposes. Each special warrant will automatically convert into one common share and one warrant exercisable at US$5.00 per share for five years. Clear Street acted as exclusive placement agent, with legal counsel from Greenberg Traurig, Garfinkle Biderman, Troutman Pepper Locke, and Miller Thomson. The offering was conducted under Section 4(a)(2) of the Securities Act and Rule 506(b) of Regulation D.