A total of nine out of 13 US-listed Bitcoin mining companies raised capital through stock offers in the second quarter of 2024.
Public mining companies are turning to debt financing to boost cash flow following the Bitcoin halving.
According to data from BlocksBridge Consulting based on earnings reports, nine out of the 13 United States-listed companies raised a combined $1.25 billion through stock offers during the second quarter of 2024. The list includes Bitdeer, Bitfarms, Cipher, CleanSpark, Core, HIVE, Marathon, Riot, and Terawulf.
In addition, Iris Energy reportedly raised $458 million over the previous quarter, bringing the total raised by miners to over $1.7 billion. An additional $530 million raised so far in the third quarter raises the sum to over $2.2 billion.
