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.

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airdrop_whisperer

· 21h ago

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?

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GateUser-e19e9c10

· 21h ago

$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

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AmateurDAOWatcher

· 22h ago

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

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