📢 Public BTC miners are turning to debt financing to boost cash flow after the Bitcoin halving.

🔹 9 US companies raised $1.25 billion in equity in Q2 2024: Bitdeer, Bitfarms, Cipher, CleanSpark, Core, HIVE, Marathon, Riot, Terawulf.

🔹 Iris Energy raised $458 million in Q2, totaling over $1.7 billion.

🔹 Q3 raised an additional $530 million, bringing the total to over $2.2 billion.

💰 Core Scientific announced a $400 million convertible bond offering on August 14.

💰 Marathon Digital also offered $250 million in bonds on August 12.

📉 After the halving, the mining reward decreased from 6.25 BTC to 3,125 BTC, BTC price decreased by 11.5% from $64,300 to $56,866.

🔍 Miners are diversifying their revenue sources to compete. Core Scientific signed a 12-year contract with CoreWaeve, expected to generate $6.7 billion in revenue.

💬 What do you think about this strategy? Comment below! ⬇️#Bitcoin#Crypto #Blockchain