** Shares of Digitalx rise as much as 40.7% to A$0.076, their highest levels since March 18

** Co is set to raise A$10.3 mln ($6.53 mln) through a private placement, with an additional rights issue to raise A$5.09 mln from existing shareholders

** Issue price of A$0.047 is at a 5% discount to last closing price of A$0.05 on Tuesday

** Co says 41 Bitcoin to be returned over course of Calendar year 2024

** Stock posts its biggest intraday percentage gain since April 14

** About 21 million shares change hands, compared with the 30-day average volume of 5.1 million

** Stock has risen 12.5% this year, as of last close

($1 = 1.5780 Australian dollars)

(Reporting by Nichiket Sunil in Bengaluru)

((Nichiket.Sunil@thomsonreuters.com))