10 listed Bitcoin mining companies raised a total of $2 billion through equity financing before the halving

listed Bitcoin mining companies have strengthened their balance sheets in response to the latest halving event in April. Based on BlocksBridge Consulting's analysis of the financial earnings of 12 listed mining companies, 10 of them raised a total of $2 billion in revenue through equity financing activities, and their profitability is expected to decline after the halving. The group raised $1.25 billion in the last quarter of 2023. Marathon Digital, CleanSpark, and Riot Platforms raised the most funds in the last quarter, accounting for 73% of the funds raised. As of the end of March, Marathon, CleanSpark, and Riot collectively hold $1.33 billion in cash and over 32,200 bitcoins. Financing activities may decrease in the second quarter of 2024. According to BlocksBridge Consulting, as of May 15, "investments in publicly traded mining stocks amounted to less than $500 million." The report pointed out: "Financing activities seem to have cooled since the second quarter, but this figure is higher than the third quarter of last year."