**Bitcoin Miners Turn to Debt Financing Post-Halving**

Publicly listed Bitcoin mining companies are increasingly turning to debt financing to boost cash flow following the recent Bitcoin halving. Data from BlocksBridge Consulting reveals that nine U.S.-listed miners, including Bitdeer, Bitfarms, and Marathon, raised a combined $1.25 billion through stock offers in Q2 2024. Iris Energy alone raised $458 million, pushing the total to over $2.2 billion by Q3.

Core Scientific announced a $400 million private offering of convertible notes to pay off existing loans and redeem senior secured notes. Similarly, Marathon Digital launched a $250 million private offering for acquiring more Bitcoin and general corporate purposes.

With the latest halving cutting miner rewards from 6.25 BTC to 3.125 BTC, and Bitcoin prices dropping by 11.5% since April, miners are facing tighter margins. To stay competitive, companies like Core Scientific are diversifying revenue streams, including a $6.7 billion deal with AI cloud provider CoreWeave.

Miners are navigating these financial strategies to adapt to the evolving market landscape.