Bitcoin mining surges to new heights despite stagnant profitability
Laying the foundation of establishing HPC/AI operations
16 public mining operators combined accounted for 22.76% of mined bitcoin in August
83% of Applied's annual revenue originated from bitcoin mining hosting
Marathon reported 30 EH/s in realized hashrate for August
LTV ratio at 65% and 68% for the two loans, respectively.
CleanSpark has been hodling almost the entirety of its mined bitcoin since January
Bitdeer raised $50 million and $106 million via stock offerings in Q1 and Q2, respectively.
And debt is trending up too!
Marathon has raised $1 billion via stock offerings year-to-date
Core paid $14.7 million in interest expenses during Q2
In addition to general corporate purposes