PANews reported on May 22, according to Cointelegraph, that an analysis by BlocksBridge Consulting of the financial earnings of 12 publicly listed Bitcoin mining companies revealed that 10 of these companies raised a total of $2 billion through equity financing activities, with profitability expected to decline post-halving. These companies raised $1.25 billion in Q4 2023. Marathon Digital, CleanSpark, and Riot Platforms were the top fundraisers last quarter, accounting for 73% of the total. As of the end of March, the three companies collectively held $1.33 billion in cash and over 32,200 Bitcoins.

Fundraising activities in Q2 2024 may decrease. As of May 15, investments in the stocks of major publicly listed Bitcoin mining companies amounted to less than $500 million. Since Q2, fundraising activities seem to have cooled down, but this figure is already higher than that of the third quarter of last year.