Bitcoin miners in the U.S. are actively raising funds to cope with the energy challenges associated with rising electricity prices. Companies such as Marathon Digital, Riot Platforms, and CleanSpark have raised over $3.7 billion since November 2024 through the issuance of convertible bonds. These financial instruments have become popular due to their low or zero coupon, which helps minimize debt obligations.
The main goal of the raised funds is to maintain operations and strengthen financial reserves. Part of the money is invested in the purchase of additional mining equipment as well as in Bitcoin itself to increase liquidity against the backdrop of its rising value. After the price of Bitcoin exceeded $100,000, investor interest in this sector noticeably increased.
One of the key challenges remains the rising cost of electricity, which directly affects the profitability of mining operations. Some companies are striving to reduce costs by switching to renewable energy sources or signing long-term contracts with energy suppliers. Others are betting on expanding their capacities to maximize profits before the next Bitcoin halving, which is expected in 2024.
Thus, miners demonstrate flexibility and strategic thinking to remain competitive even in the face of a challenging macroeconomic situation.