随着比特币交易价格突破 108,000 美元，美国上市比特币 (BTC) 矿商通过融资增强财务状况

华尔街领先的美国上市比特币 (BTC) 矿商正在通过大幅融资来增强其财务状况

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.

随着比特币交易价格突破 108,000 美元，在华尔街上市的美国主要比特币 (BTC) 矿业公司正在通过大量融资来充实其财务资金。矿业巨头 CleanSpark（纳斯达克股票代码：CLSK）和 Bitfarms（纳斯达克股票代码：BITF）均宣布了关键的财务举措，以推动其扩张战略。

CleanSpark Raises $650 Million in Zero-Coupon Note Sale

CleanSpark 通过零息票据销售筹集了 6.5 亿美元

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

作为一项重大举措，CleanSpark 完成了 6.5 亿美元的零息可转换高级票据发行，利用金融工程来保护股东利益。

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.

该公司以每股 24.66 美元的价格进行了上限看涨期权交易，较收盘价溢价 100%。为了进一步提升股东价值，CleanSpark还执行了股票回购计划，以约1.45亿美元回购了1176万股股票。

"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.”

扎克表示：“我们很自豪能够与世界上一些最强大的机构投资者完成此次发行，并很高兴地与大家分享，我们的增长速度将达到 50 EH/s 及以上，预计将完全由收益提供资金。”布拉德福德，首席执行官兼总裁。 “除了为增长到 50 EH/s、股票回购和上限认购提供资金之外，额外的资本将使我们能够继续将我们开采的比特币添加到我们的资产负债表中。”

Bitfarms' Equity Program Progress

Bitfarms 股权计划进展

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.

与此同时，另一家上市的比特币挖矿公司 Bitfarms 为其正在进行的市场股权计划提交了更新的招股说明书补充文件。该公司已通过分配 1.288 亿股普通股成功筹集了 2.88 亿美元，该计划尚有 8700 万美元可用。

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

新资本专门用于扩大现有采矿业务和加强营运资本状况。

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，另一家公开上市的比特币矿商 Riot Platforms（纳斯达克股票代码：RIOT）已敲定一项贷款协议，以继续其 BTC 购买策略。该公司完成了 5.944 亿美元的 0.75% 可转换优先票据发行，将于 2030 年到期。

Strategic Timing Amid Bitcoin's Price Discovery

比特币价格发现中的战略时机

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.

这些财务举措是在比特币进入新的价格发现阶段（价格达到 108,000 美元）的关键时刻出现的。矿业公司正在利用有利的市场条件来确保自己在不断发展的数字资产格局中的竞争地位。

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.

这些加息的时机反映了该行业对比特币长期前景的信心，以及在竞争日益激烈的挖矿环境中保持盈利能力的运营规模的需要。

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.

结果显而易见，加密货币挖矿利润达到七个月新高，美国上市公司目前控制着全球网络算力的近 30%。然而，价格上涨也意味着竞争加剧和挖矿难度加大。虽然比特币持续上涨，但矿工在相同的算力下能够开采更少的币。