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I just saw that TeraWulf, the Bitcoin miner listed on Nasdaq, closed a common stock sale worth over one billion dollars. They raised $1.03B with 54.5 million common shares at $19 each.
What's interesting is that Morgan Stanley led the entire operation, with Bank of America, Citigroup, TD Cowen, and Wells Fargo as co-managers. Quite a weight for a funding round. It seems that Bitcoin mining continues to attract serious capital, regardless of the current prices.
I don't know about you, but seeing these fundraising figures in the mining sector gives me the feeling that there is long-term confidence, don't you think?