Odaily News Galaxy stated in its 2024 Bitcoin Mining Mid-Year Report that in the first quarter of 2024, listed mining companies raised a total of $1.8 billion in equity, setting a record for the highest amount raised in a single quarter in the past three years. Of the $1.8 billion raised, 75% was accounted for by the top three companies by market capitalization, Marathon, CleanSpark, and Riot.