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Seven publicly traded Bitcoin miners have raised $5.2 billion in convertible bonds since June
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2024-12-06 14:02 7,339
Golden Finance reports that since June this year, seven listed Bitcoin mining companies have raised a total of US$5.2 billion in funds through convertible bonds. 70% of that amount, or $3.6 billion, was raised in the past four weeks. MARA and Core Scientific have raised more than $2.4 billion in zero-coupon convertible bonds in recent weeks, with MARA alone raising $1.85 billion. Both companies' conversion prices are approximately 40% higher than the average share price at the time of the issuance.
Keywords: Bitcoin
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