Marathon Digital Announces Completion of $1 Billion Debt Offering 

Marathon Digital has introduced the completion of an providing of $1 billion of 0% Convertible Senior Notes due 2030. Nearly all of the web proceeds can be used to fund future Bitcoin purchases. The providing included an preliminary principal quantity of $850 million, with an extra $150 million exercised underneath an choice granted to preliminary purchasers. Following sturdy investor demand, MARA determined to extend its whole providing from the unique goal of $700 million to $1 billion. MARA is absolutely dedicated to a “HODL” Bitcoin treasury coverage, retaining all mined BTC and making common purchases. It at the moment holds roughly 27,562 BTC, value roughly $2.6 billion.