Power Mining Analysis

Bitcoin Miners Surge as Bitcoin Rebounds: Miners Rally | Bitcoin Mining Stocks to Watch + BTBT, BTDR, CIFR, CLSK, HIVE, HUT & SLNH News!


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Bitcoin mining stocks rally impressively as BTC rebounds to $105,000, with major companies announcing strategic financing initiatives and milestone achievements in both mining and high-performance computing.

• Bit Digital secures $60 million credit facility with Royal Bank of Canada at 5.25% interest for data center expansion
• Bitdeer formalizes $330 million convertible note offering (potentially increasing to $375 million) at 4.875% interest
• Cipher Mining energizes first phase of Black Pearl facility, adding 2.5 Exahash with plans to reach 23.1 Exahash by Q3 end
• CleanSpark achieves 50 Exahash milestone ahead of schedule, maintaining pure Bitcoin mining strategy across 30 US locations
• Hive launches new NVIDIA GPU Hopper cluster, targeting $100 million annual HPC revenue by year-end
• Hut 8 doubles Bitcoin-backed loan with Coinbase to $130 million at 9% interest
• Soluna expands hosting partnership with Compass Mining to approximately 13 megawatts across Dorothy 1 and 2 projects
• Miner Madness 4.0 competition announced with new automated entry system and grand prize interview opportunity

Join us tomorrow for a special interview with Luxor discussing derivatives and hashrate forward contracts.

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Power Mining AnalysisBy Anthony Power & Bryce McNallie