ChainCatcher message, since June of this year, seven listed Bitcoin mining companies have raised a total of 5.2 billion USD through convertible bonds. Among them, 70% (i.e., 3.6 billion USD) was raised in the past four weeks.

MARA and Core Scientific have raised over 2.4 billion USD through zero-coupon convertible bonds in recent weeks, with MARA alone raising 1.85 billion USD. The conversion prices for both companies are approximately 40% higher than the average stock price at the time of issuance.