Bitdeer's stock is down 18% year-to-date, underperforming that of bitcoin
Six public mining companies have raised over $1 billion in Q1 so far
Fundraise plan comes weeks after Bitdeer announced proprietary bitcoin ASIC chip
Core bought 2.52 EH/s of Bitmain's S21 miners in October for $20/TH/s
It's not the first time mining stocks have lagged behind bitcoin’s return to ATH
CleanSpark, Iris Energy, HIVE raised $210M+ since New Year
Expect further equity financing to fund hashrate growth
The fallout of an exit strategy resulting in a hefty price to chipmaker Katena
The company makes two acquisitions for $23.2 million cash
Ten-folded From $76M to $775M
Since the New Year, bitcoin mining firms have continued doubling down on miner purchases while securing options to lock in cheaper prices
The arms race for the newest generation of mining hardware is heating up