Marathon Digital Announces Completion of $1 Billion Debt Offering
Marathon Digital announced the completion of a $1 billion offering of 0% convertible senior notes due 2030. Most of the net proceeds will be used to fund its future purchases of Bitcoin. The offering has an initial principal amount of $850 million, plus an additional $150 million subject to the exercise of options granted to the initial purchasers. Due to strong investor demand, MARA decided to increase the total issuance to US$1 billion from the initial target of US$700 million. MARA is fully committed to a “HODL” Bitcoin treasury policy, retaining all mined BTC and purchasing it on a regular basis. Currently holding approximately 27,562 BTC, worth approximately $2.6 billion.
