Report: 10 listed Bitcoin mining companies raised a total of 2 billion US dollars through equity financing before the halving
Publicly listed Bitcoin mining companies have strengthened their balance sheets to cope with the latest halving event in April. According to an analysis by BlocksBridge Consulting on the financial returns of 12 listed miners, 10 of them raised a total of $2 billion in equity financing activities, and it is expected that profitability will decline after halving. The group company raised $1.25 billion in the last quarter of 2023. Marathon Digital, CleanSpark and Riot Platforms were the companies that raised the most funds last quarter, accounting for 73% of the funds raised. As of the end of March, Marathon, CleanSpark and Riot held a total of $1.33 billion in cash and over 32,200 Bitcoins. Financing activities may decrease in Q2 2024. According to BlocksBridge Consulting as at May 15th "Investments subscribing to major public mining stocks are less than $500 million". The report pointed out: "Since Q2 there seems to be a cooling down in financing activities but this figure is already higher than Q3 last year."
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