🚀 Crypto mining companies are on a spending spree! Publicly traded miners have splurged $3.6 billion on upgrades, with $2 billion on shiny new hardware alone. Debt financing is the new black, as MARA swaps equity for a 0% convertible note to snag 6,474 BTC. 🤑

Meanwhile, Bitfarms and CleanSpark are expanding their mining empires, and Hive Digital is gearing up in Paraguay with 6,500 ASICs. But it's not all smooth sailing—Bitmain's caught in a chip controversy, with US customs holding their Antminers hostage. Will they pay the $200k ransom? Stay tuned!