BTC Miners Shift Focus to Stock Issuances, Reduce Reliance on Debt

IconCryptoNewsTerminal Staff30 Aug, 2024

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BTC Miners Shift Focus to Stock Issuances, Reduce Reliance on Debt

Bitcoin miners are increasingly turning to stock issuances to fund their operations, while reducing their reliance on debt. According to Cointelegraph, miners raised over $4.9 billion through stock offerings from Q3 2023 to Q2 2024. In Q1 2024 alone, they raised $2 billion. This shift away from debt is attributed to the volatile nature of the cryptocurrency market, which makes it challenging for miners to secure traditional loans. By issuing stocks, miners can access capital without taking on additional debt and its associated risks.