Nasdaq-listed mining company raises $6.5 million; new mine in Ohio is operational, adding 35PH/s hash rate

2025-12-19 14:18:22

Abstract generation in progress

【BitPush】A Nasdaq-listed Bitcoin mining company has been making several moves recently. It announced a financing plan—signing a securities purchase agreement with institutional investors to raise funds through the issuance of common stock and warrants, totaling approximately $6.5 million. According to the plan, this financing is expected to be finalized around mid-December 2025, but it still needs to meet the usual closing conditions.

More interestingly, they also released operational updates. The mining farm located in Oklahoma has officially gone online, with the new Bitcoin mining hash rate reaching about 35PH/s (Petahash per second). For mining companies, this means a direct increase in processing capacity and a tangible step to enhance market competitiveness.

The financing and hash rate expansion actions of such publicly listed mining companies to some extent reflect the current investment enthusiasm and development pace of the Bitcoin mining industry.

BTC1.54%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

11 Likes

Reward
11
4
Repost
Share

Comment

0/400

MoonlightGamer

· 13h ago

6.5 million USD financing + 35 PH/s Computing Power, this pace is really running fast --- Both financing and new Computing Power, these listed mining companies really know how to market --- 35 P, but the financing won't be finalized until the end of the year, the timing is a bit tight --- Nasdaq mining companies are accelerating expansion, and the market hasn't arrived yet, they're already getting to work --- New Mining Farm in Ohio is online, it seems this wave of mining heat will last a while --- 650 million financing is indeed not small, but compared to the increase in 35 PH/s Computing Power, the financing amount feels a bit small --- Finalizing financing before the end of the year... is this betting that BTC will rise? --- Another mining company is expanding, how is the electricity cost calculated?

View OriginalReply0

airdrop_whisperer

· 12-19 14:48

6.5 million USD funding, 35PH/s上线, Nasdaq mining companies are brewing big moves This rhythm... Is the Bitcoin market about to take off? Did the new mine in Ohio just quietly go online? Something's up Funding won't be finalized until the end of the year, we need to watch closely during these six months Listed mining companies are all expanding rapidly, retail investors are still hoarding coins... The gap is widening What does increased hash rate mean? The difficulty must be soaring again This $6.5 million funding scale... Feels like they are quite optimistic about the market's future PH-level hash rate investments, they are really betting on long-term Bitcoin optimism Major mining companies are increasing their investments, does this indicate some big event?

View OriginalReply0

GateUser-e19e9c10

· 12-19 14:44

$6.5 million, 35PH/s... This pace is quite fast --- Nas Mining Company is stockpiling computing power again, is Bitcoin about to take off? --- These listed mining companies really know how to "good news," pushing both financing and computing power together --- The Ohio mine is online, it feels like the entire industry is about to get competitive again --- 35P... This is a declaration of war against Ethereum miners --- Funding + expansion, a classic "we are optimistic about the future market" signal --- May I ask, is this $6.5 million really enough? --- Mining companies are showing off again, the computing power arms race is escalating

View OriginalReply0

AmateurDAOWatcher

· 12-19 14:26

$6.5 million is nothing, the key is when that 35PH/s of computing power will break even; otherwise, it's just paper growth.

View OriginalReply0

Trending TopicsView More
#2025GateYearEndSummary
48.69K Popularity
#CryptoMarketMildlyRebounds
7.63K Popularity
#GoldPrintsNewATH
5.3K Popularity
#BOJRateHikesBackontheTable
2.08K Popularity
#2026CryptoOutlook
1.94K Popularity

Hot Gate FunView More

1
GYEGate Year End
MC:$3.56KHolders:1
0.00%
2
芝麻人生芝麻人生
MC:$3.55KHolders:1
0.00%
3
抽根利群Liqun
MC:$3.55KHolders:1
0.00%
4
TATO土豆币
MC:$3.56KHolders:1
0.00%
5
DRAG废话龙
MC:$3.56KHolders:1
0.00%

Sitemap