Bitcoin Mining Deal Tracker Launch
H.C. Wainwright, an investment bank specializing in strategic advisory and equity research, recently launched a Bitcoin mining deal tracker called the ‘HCW BTC Miner M&A Deal Tracker’. Mike Colonnese, a managing director of equity research at H.C. Wainwright, announced the launch of this new dashboard to track merger and acquisition deals in the Bitcoin mining sector. The tracker provides essential details such as purchase price, deal type, and enterprise value, offering insights into growth targets, mining power, infrastructure sites, and grid connection.
Acquisition Surge in Bitcoin Mining Industry
Following Bitcoin’s fourth halving in April 2024, there has been a significant surge in mergers and acquisitions within the crypto mining space. H.C. Wainwright introduced the HCW BTC Miner M&A Deal Tracker in response to this flurry of deals. The post-halving period has seen many miners facing challenges in keeping their machines online due to the reduction in block subsidy and increasing network difficulty, leading to a decline in BTC price.
Bitcoin Miner Deals Reach $466 Million
Despite the challenges faced by miners post-halving, leading Bitcoin mining companies have been actively acquiring assets to boost their operations. H.C. Wainwright reports that such acquisitions have exceeded $466 million so far in 2024. Key players in the industry, including CleanSpark, Marathon Digital, Riot Platforms, and Bitfarms, have made substantial all-stock acquisitions to strengthen their market positions.
