From ASIC-backed loans to AI-backed convertibles, Bitcoin miners are once again tapping billions in debt — reshaping the industry’s capital structure.
New financing push follows IREN’s $1 billion convertible sale and TeraWulf’s $3.2 billion debt offering
Bitcoin miner’s stock up more than 4x from yearly lows as it accelerates Pennsylvania buildout
Bitfarms and HIVE lead the rally while IREN, Hut 8 and Cipher hit fresh 52-week highs
Move underscores broader mining sector shift beyond Bitcoin
Buyback plan boosts Bitfarms shares by 17%
Offloads 13.5 million shares since early July, marking a 40% reduction from peak holdings
Riot had amassed 90 million BITF shares at an average price of $2.24
Bitfarms realized 87% of its 19.5 EH/s installed hashate
HPC hire comes after completing M&A with Stronghold
Stronghold exited PJM’s capacity market in June 2022 after the FERC investigation
Mining hardware preorders drop, imports decline, and AI shakes things up