Since June, seven publicly listed Bitcoin mining companies have raised $5.2 billion through convertible bonds

ChainCatcher news, since June of this year, seven publicly listed Bitcoin mining companies have raised a total of $5.2 billion through convertible bonds. Of this, 70% (i.e., $3.6 billion) was raised in the past four weeks.

MARA and Core Scientific have raised over $2.4 billion through zero-coupon convertible bonds in recent weeks, with MARA alone raising $1.85 billion. The conversion prices for both companies are about 40% higher than the average stock price at the time of issuance.