Charting the recent insider transactions of U.S. public mining stocks
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