Public miners raised $2.2B as cash flow crunch intensifies post-halving. A total of nine out of 13 US-listed Bitcoin mining companies raised capital through stock offers in the second quarter of 2024. https://yakihonne.s3.ap-east-1.amazonaws.com/89f93336152fbe149c10445b7e780339e16f9ed7ceeb1596414c65c2779b7582/files/1723758320397-YAKIHONNES3.webp *Public Miners Equity Financing. Source: BlocksBridge/The Miner Mag*
Debt Financing: Many public miners are increasingly turning to debt financing to sustain their operations. This shift reflects the industry's response to the halving, which cut miner rewards from 6.25 BTC to 3.125 BTC per block, significantly impacting profitability