Battered Bitcoin Miners Increasingly Turn to Debt Financing
Raising debt rather than equity to fund growth is being seen as more attractive, analysts say, but not everyone has the option.
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/WY3M2FMPG5E37P7V4EUNV6KRIQ.jpg)
Sponsored
Apr 28, 2022 at 12:00 p.m. UTC
Apr 28, 2022
CleanSpark
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/ADQPQF5I4FGJPORHRJO25CILHQ.JPG)
Bitcoin Miner CleanSpark Raises $35M in Equipment-Backed Debt From Trinity Capital
Equipment-based financing is becoming an increasingly popular option for mining firms to fund their growth.
Sponsored
Apr 26, 2022 at 1:00 p.m. UTC
Apr 26, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/4PQXDGLWDJD4BM47EPWBPVP44A.jpg)
CleanSpark Aims to Be Among Top Bitcoin Miners With Up to 500MW Expansion
The deal with Houston-based Lancium will give CleanSpark a mining hashrate of 10.4 EH/s by spring 2023.
Sponsored
Mar 31, 2022 at 1:00 p.m. UTC
Mar 31, 2022
:format(webp)/cdn.jwplayer.com/v2/media/qC6383e5/poster.jpg)
CleanSpark CEO: Crypto Mining and ESG Are Match Made in Heaven
CleanSpark CEO Zach Bradford addresses the often talked about ESG concerns of bitcoin mining, highlighting the use of renewable energy as a way to shift the narrative. Plus, i...
Sponsored
Mar 24, 2022 at 9:06 p.m. UTC
Mar 24, 2022
:format(webp)/downloads.coindesk.com/arc/failsafe/placeholders/16x9.png)
Mining Industry Not That Worried by SEC’s Proposed New Climate Reporting Rules
Some of the requirements might be challenging for smaller publicly-traded miners to comply with, however.
Sponsored
Mar 23, 2022 at 6:08 p.m. UTC
Mar 23, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/CI64FA54EVH4PBRMCQNZMIRBGY.jpg)
Bitcoin Miner CleanSpark Surges on Plan to Sell Legacy Energy Business
BTIG analyst Gregory Lewis sees higher growth with the company's new strategy.
Sponsored
Feb 10, 2022 at 6:40 p.m. UTC
Feb 10, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/RVH3BUKXT5CZ3ES7F655YNVBQQ.jpg)
CleanSpark Mulling Strategic Options for Its Legacy Energy Business
The company wants to focus solely on bitcoin mining.
Sponsored
Feb 9, 2022 at 11:44 p.m. UTC
Feb 9, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/MHYV2GYGINC75PGYFPVC7DTR3Q.jpg)
Valkyrie Bitcoin Miners ETF Approved for Nasdaq Listing
The fund will begin trading tomorrow under the ticker “WGMI" and has an expense ratio of 0.75%.
Sponsored
Feb 7, 2022 at 6:18 p.m. UTC
Feb 7, 2022
Miners Remain Unfazed by Crypto Sell-Off, Expect More M&A
While some miners may face difficulty raising equity or staying as profitable, many feel confident they can navigate the current downturn.
Sponsored
Jan 26, 2022 at 4:54 p.m. UTC
Jan 26, 2022
:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/2ENM6W7B6REDLKJ6XEBXHN5E3I.jpeg)
Bitcoin Miner CleanSpark Hits 2 EH/s to Join Ranks of Top North American Miners
The miner is now producing 10 bitcoins per day.
Sponsored
Jan 24, 2022 at 2:00 p.m. UTC
Jan 24, 2022