US Bitcoin miners expanding operations despite price volatility
Some BTC miners in the U.S. expect to double their capacity through 2022 while other global operations have been selling BTC to secure cash reserves. Go to Source Powered by WPeMatico
Marathon Digital Holdings
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Bitcoin miners selling stock and BTC as returns halve since November
Miners are starting to get strapped for cash and need a boost since BTC has dropped in price since November and revenue has fallen even further due to increased competition. Go to Source Powered by WPeMatico
Galaxy Digital Plans to Raise $500 Million in Debt Market to ‘Accelerate Growth Initiatives’
Galaxy Digital Holdings Ltd. has revealed the firm is looking to raise $500 million in an exchangeable senior note offering. The investment company, founded by billionaire investor Mike Novogratz in January 2018, aims to use the funds to “accelerate growth initiatives across its business lines.” Galaxy Reveals Exchangeable Senior Note Offering The investment firm Galaxy … Read more
Marathon Plans to Raise $500 Million From Convertible Senior Notes to Buy Bitcoin and Mining Rigs
On Monday, the enterprise bitcoin mining operation Marathon Digital Holdings announced the firm will raise $500 million from convertible senior notes in order to accrue more “bitcoin or bitcoin mining machines.” Publicly-Listed Mining Operation to Raise $500M From Debt Markets to Purchase Bitcoin and ASIC Devices Marathon (Nasdaq: MARA), is one of the largest U.S. … Read more
Riot Blockchain tripled production this year and is hoarding $194M in Bitcoin
Public mining firm Riot Blockchain has more than tripled its year-to-date Bitcoin production. Go to Source Powered by WPeMatico
Here’s why Bitcoin mining stocks have been outperforming BTC price in 2021
One of the crypto mining stocks delivered more than 1,600% returns year-over-year (YoY) while Bitcoin’s gains in the same period came out to be around 290%. Go to Source Powered by WPeMatico
BlackRock ETFs hold $384 million of shares in Bitcoin mining firms
SEC filings reveal that BlackRock has invested almost $400 million into Riot Blockchain and Marathon Digital Holdings stock. Go to Source Powered by WPeMatico
Fidelity purchases 7.4% stake in Marathon Digital Holdings for $20M
The shares have been spread across four of Fidelity’s index-based funds. Go to Source Powered by WPeMatico
The blacklist: Marathon only mining ‘fully compliant’ Bitcoin transactions
Marathon plans to divert all hash power to its new, regulatory compliant Bitcoin mining pool from May 1. Go to Source Powered by WPeMatico
Bitcoin mining stocks have outperformed BTC by 455% over the past 12 months
While Bitcoin is up 900% in the last 12 months, shares in the four largest publicly-traded mining firms are up 5,000% over the same period. Go to Source Powered by WPeMatico
