The Numbers: 12 Listed Miners Raise ~$440M in Share Sales in Q2

08/24 13:25

On August 24th, according to data compiled by TheMinerMag, 12 listed mining companies, including Marathon Digital and Riot Platforms, raised approximately $440 million through stock sales in the second quarter, an increase of nearly 60% from the previous three months. According to Bitcoin investor Mark Jeftovic, some mining companies are diluting shareholder equity excessively. Since January 2022, the annualized dilution of common stock shareholders in Cleanspark and Terawulf has been 116% and 67%, respectively.
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