CleanSpark Borrows Against Bitcoin Mining Rigs to Get $35M for More Mining Rigs
The Las Vegas-based company and other Bitcoin miners like RIOT Blockchain, HIVE, and Bitfarms have had a rough start to 2022.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This mining story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Another public company abandons Bitcoin playbook after treasury volatility drove $22 million loss
KULR Technology Group has exited Bitcoin mining, repaid its Coinbase debt, and begun selling its BTC holdings as the battery techn...
Riot Platforms signs $9B AI compute deal with Anthropic, shifts from Bitcoin mining
Riot's pivot to AI infrastructure may boost its market value, reflecting a broader trend of rising demand for AI capabilities. The...
Why the world’s second-largest Bitcoin mining power is shutting down rigs in its capital city
The Energy Ministry enacted the year-round restriction to mitigate power capacity shortages, as energy-intensive mining facilities...
This public company quit solar for a $5 million Bitcoin bet, now it has just $166,000 in cash
Sono Group’s transition to a Bitcoin-heavy treasury is laying bare the severe financial strain at the core of the restructured com...
How a Bitcoin Treasury company sold 600 BTC to cut debt but still ended up with $60 million due in December
Nakamoto, the parent company of Bitcoin Magazine, faces a near-term balance-sheet test at year-end, when 60 million USDT of a Bitc...
Public Miners Shed 21% of Bitcoin Hashrate as AI Revenue Accelerates
Three months ago, we examined how public bitcoin miners were beginning to dismantle or repurpose mining fleets for AI and high-per...