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Sterling Digital PLC began trading on the Access segment of the Aquis Stock Exchange Growth Market on Monday, after raising £4.0 million in its initial public offering, Sterling Digital, a London-based bitcoin mining company listed under the ticker ASIC, said it raised £4.0 million from the issue of 80 million new ordinary shares at 5 pence each. This gave it a market capitalisation of around £7.5 million on admission. Sterling said it plans to use the proceeds to develop a 3 megawatt bitcoin mining facility in Texas powered by flared natural gas, as well as purchase new mining hardware and provide working capital. ‘We are excited to announce Sterling Digital’s admission to trading on the AQSE Growth Market, a pivotal step that unlocks the opportunity to scale the company’s innovative use of stranded natural gas assets in the United States,’ said Guy Winterflood, the non-executive chair. ‘By transforming wasted energy into efficient bitcoin production, Sterling Digital will not only reduce emissions, but also deliver compounding value as it grows its bitcoin reserves. Admission to trading on the public markets will allow the company to grow as the management team leverages its existing contacts across the Permian basin in Western Texas, driving value for investors as well as contributing to environmental sustainability.’ Shares in Aquis-listed Sterling Digital were flat at 5.00p on Monday morning in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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