隨著比特幣交易價格突破 108,000 美元，美國上市比特幣 (BTC) 礦商透過融資增強財務狀況

華爾街領先的美國上市比特幣 (BTC) 礦商正在透過大幅融資來增強其財務狀況

Major US Bitcoin (BTC) mining firms listed on Wall Street are bolstering their financial war chests with substantial capital raises as Bitcoin trades above $108,000. Mining industry heavyweights CleanSpark (NASDAQ: CLSK) and Bitfarms (NASDAQ: BITF) both announced key financial initiatives to fuel their expansion strategies.

隨著比特幣交易價格突破 108,000 美元，在華爾街上市的美國主要比特幣 (BTC) 礦業公司正在透過大量融資來充實其財務資金。礦業巨頭 CleanSpark（納斯達克股票代碼：CLSK）和 Bitfarms（納斯達克股票代碼：BITF）均宣布了關鍵的財務舉措，以推動其擴張策略。

CleanSpark Raises $650 Million in Zero-Coupon Note Sale

CleanSpark 透過零息票據銷售籌集了 6.5 億美元

In a significant move, CleanSpark has completed a $650 million offering of zero-coupon convertible senior notes, employing financial engineering to protect shareholder interests.

作為一項重大舉措，CleanSpark 完成了 6.5 億美元的零息可轉換高級票據發行，並利用金融工程來保護股東利益。

The company structured the deal with capped call transactions at $24.66 per share, which represents a 100% premium over its closing price. To further enhance shareholder value, CleanSpark also executed a share repurchase program, buying back 11.76 million shares for approximately $145 million.

該公司以每股 24.66 美元的價格進行了上限看漲期權交易，較收盤價溢價 100%。為了進一步提升股東價值，CleanSpark也執行了股票回購計劃，以約1.45億美元回購了1,176萬股股票。

"We are proud to have closed this offering with some of the strongest institutional investors in the world and are excited to share that our growth through 50 EH/s and beyond is now expected to be more than fully funded from the proceeds," said Zach Bradford, CEO and President. "In addition to funding the growth to 50 EH/s, share buyback, and capped call, the additional capital will allow us to keep adding the bitcoin we mine to our balance sheet.”

札克表示：「我們很自豪能夠與世界上一些最強大的機構投資者完成此次發行，並很高興地與大家分享，我們的成長速度將達到50 EH/s 及以上，預計將完全由收益提供資金。 “除了為增長到 50 EH/s、股票回購和上限認購提供資金之外，額外的資本將使我們能夠繼續將我們開采的比特幣添加到我們的資產負債表中。”

Bitfarms' Equity Program Progress

Bitfarms 股權計劃進展

Meanwhile, another publicly listed Bitcoin mining firm, Bitfarms, has filed an updated prospectus supplement for its ongoing at-the-market equity program. The company has already successfully raised $288 million through the distribution of 128.8 million common shares, with $87 million still available under the program.

同時，另一家上市的比特幣挖礦公司 Bitfarms 為其正在進行的市場股權計畫提交了更新的招股說明書補充文件。該公司已透過分配 1.288 億股普通股成功籌集了 2.88 億美元，該計劃仍有 8,700 萬美元可用。

The fresh capital is earmarked for expanding existing mining operations and strengthening working capital positions.

新資本專門用於擴大現有採礦業務和加強營運資本狀況。

Elsewhere, another publicly listed Bitcoin miner, Riot Platforms (NASDAQ: RIOT) has finalized a loan deal to continue its BTC purchasing strategy. The company closed a $594.4 million offering of 0.75% convertible senior notes due in 2030.

另一方面，另一家公開上市的比特幣礦商 Riot Platforms（納斯達克股票代碼：RIOT）已敲定一項貸款協議，以繼續其 BTC 購買策略。該公司完成了 5.944 億美元的 0.75% 可轉換優先票據發行，並將於 2030 年到期。

Strategic Timing Amid Bitcoin's Price Discovery

比特幣價格發現中的策略時機

These financial maneuvers come at a crucial moment as Bitcoin enters a new price discovery phase reaching $108,000. Mining companies are capitalizing on favorable market conditions to secure their competitive positions in the evolving digital asset landscape.

這些財務舉措是在比特幣進入新的價格發現階段（價格達到 108,000 美元）的關鍵時刻出現的。礦業公司正在利用有利的市場條件來確保自己在不斷發展的數位資產格局中的競爭地位。

The timing of these raises reflects the industry's confidence in Bitcoin's long-term prospects and the need for operational scale to maintain profitability in an increasingly competitive mining environment.

這些升息的時機反映了該行業對比特幣長期前景的信心，以及在競爭日益激烈的挖礦環境中保持盈利能力的運營規模的需要。

The results are plain to see, with profits from cryptocurrency mining reaching a seven-month high and US-listed companies now controlling nearly 30% of the global network hashrate. However, higher prices also mean increased competition and greater mining difficulty. While BTC continues to rise, miners are able to mine fewer coins with the same computing power.

結果顯而易見，加密貨幣挖礦利潤達到七個月新高，美國上市公司目前控制著全球網路算力的近 30%。然而，價格上漲也意味著競爭加劇和挖礦難度增加。雖然比特幣持續上漲，但礦工在相同的算力下能夠開採更少的幣。