CleanSpark raised $500 million in Q1 via ATM stock offerings
Bitcoin is outperforming all mining stocks so far this year.
But it would need another 560 megawatts of power capacity to plug them all in
Charting the recent insider transactions of U.S. public mining stocks
Bitdeer's stock is down 18% year-to-date, underperforming that of bitcoin
Six public mining companies have raised over $1 billion in Q1 so far
Fundraise plan comes weeks after Bitdeer announced proprietary bitcoin ASIC chip
Core bought 2.52 EH/s of Bitmain's S21 miners in October for $20/TH/s
It's not the first time mining stocks have lagged behind bitcoin’s return to ATH
CleanSpark, Iris Energy, HIVE raised $210M+ since New Year
Expect further equity financing to fund hashrate growth
The fallout of an exit strategy resulting in a hefty price to chipmaker Katena