In the wake of Bitcoin's halving, publicly traded mining companies are turning to debt financing to increase their cash flow. According to BlocksBridge Consulting, which is based on earnings reports, nine of the 13 publicly traded U.S. companies raised a combined $1.25 billion through equity offerings in the second quarter of 2024. These include Bitdeer, Bitfarms, Cipher, CleanSpark, Core, HIVE, Marathon, Riot, and Terawulf.
In addition, Iris Energy raised $458 million in the last quarter, bringing the total amount raised by miners to more than $1.70 billion. A further $530 million has been raised so far in the third quarter, bringing the total to more than $2.20 billion.
After Bitcoin halved, listed mining companies raised a total of $2.20 billion to deal with cash flow crunch
2024-08-15 22:06:23
Bitcoin post-halving listing mining company steering debt financing capital comingdesk3cryptocurrencydesktopCrypto News
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