đ **Crypto Miners Go Debt Diving Post-Halving!** đ
Public Bitcoin miners are turning to debt financing to keep the lights on after the latest halving! đȘ
- **Big Bucks Raised:** Nine U.S.-listed companies, including Bitdeer and Marathon, raised a whopping $1.25 billion in Q2 2024. Iris Energy alone chipped in $458 million!
- **Core Moves:** Core Scientific announced a $400 million convertible note offering to pay off loans and redeem senior secured notes.
- **Marathon's Marathon:** Marathon Digital is also in the game with a $250 million offering for more BTC and corporate expenses.
đŹ What do you think? Are miners making the right moves? Share your thoughts below!
