Since June, seven listed BTC mining companies have raised $5.2 billion through convertible bonds.

ChainCatcher news, since June this year, seven listed BTC mining companies have raised a total of 5.2 billion US dollars through convertible bonds. 70% (i.e. 3.6 billion US dollars) of which was raised in the past four weeks. MARA and Core Scientific have raised over $2.4 billion in zero-interest convertible bonds in recent weeks, with MARA alone raising $1.85 billion. The conversion prices for both companies are approximately 40% higher than the average stock price at issuance.