Bit Origin (BTOG), a little-known crypto mining company, saw its stock plunge on Monday after the company announced it would acquire roughly $11 million worth of Nvidia (NVDA) Blackwell B300 AI servers, extending its push into artificial intelligence infrastructure.
The sharp selloff may seem surprising given the strategic nature of the acquisition. However, investors appeared focused on how the deal is being financed. Bit Origin will pay $1 million in cash and $10 million in pre-funded warrants, raising concerns about future shareholder dilution.
