ChainCatcher news, according to Bitcoin.com, Bitcoin mining company Argo Blockchain has announced a private placement of common shares and accompanying warrants, targeting institutional investors. This transaction is expected to generate approximately £6.5 million ($8.3 million) in total proceeds. Argo stated that the net proceeds from this placement will be used for working capital, general corporate purposes, and debt repayment.Argo Blockchain will issue 57.8 million common shares at a purchase price of £0.1125 per share, while also issuing warrants to purchase an additional 57.8 million shares. The new shares are expected to begin trading on the London Stock Exchange on or around July 31, 2024.

ChainCatcher news, according to MinerMag, Australian crypto mining company Iris Energy announced that it has raised $413.4 million through stock issuance since mid-May. This funding will be used to fully support the company's expansion plans for 2024 following the Bitcoin halving event, aiming to achieve a growth plan for 2024 (including a hash rate of 30 EH/s and a data center capacity of 510 MW). This financing was completed through the company's market offering (ATM) plan from May 15 to June 28, selling a total of 39.8 million shares.In addition to the previously raised funds, Iris Energy has raised approximately $714 million in the first half of this year, which includes $257 million in equity financing in the first quarter and an additional $44.8 million from March 31 to May 15.

ChainCatcher news, Bitdeer announced on its official website the completion of a $150 million private placement financing. Bitdeer Technology Group has reached a subscription agreement with Tether International Limited ("Tether") to issue 18,587,360 shares of Class A common stock in a directed share offering and to purchase up to 5,000,000 warrants at a price of $10.00 per share. The private placement is expected to be completed on May 30, 2024.The transaction generated a total revenue of $100 million from the stock issuance, and if the warrants are fully exercised, it could provide an additional $50 million. The warrants are subject to customary anti-dilution provisions reflecting stock dividends and splits or other similar transactions, as well as weighted average anti-dilution protection for the issuance of common stock or common stock equivalents, if the per-share consideration is below the initial exercise price of the warrants. The warrants may be exercised by Tether at its discretion within 12 months after the completion of the transaction.Bitdeer intends to use the net proceeds from this private placement to fund the expansion of its data centers, the development of ASIC-based mining equipment, as well as for working capital and other general corporate purposes.