Bitcoin

Million

Marathon Digital Holdings has announced plans to offer $250 million worth of convertible senior notes in a private offering aimed at qualified institutional buyers. The company intends to use the net proceeds from this sale primarily to acquire additional Bitcoin, as well as for general corporate purposes. 
The proposed offering is subject to market conditions and other factors, meaning it may not be completed as planned. 
The notes, which will be unsecured senior obligations, are set to bear interest payable semi-annually, beginning in March 2025. The notes will mature on September 1, 2031, unless repurchased earlier by the company. 
This <a href="https://ir.mara.com/investors/news-events/press-releases/detail/1366/marathon-digital-holdings-inc-announces-proposed-private-offering-of-250-million-of-convertible-senior-notes" rel="nofollow noopener" target="_blank">announcement</a> follows Marathon Digital’s recent financial disclosures, where the company reported a significant net loss of $199.7 million for the second quarter of 2024, compared to a $9 million loss in the same period the previous year. 
Additionally, Marathon Digital recently expanded its <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/">Bitcoin</a> holdings, purchasing an additional $100 million worth of the cryptocurrency, bringing its total bitcoin balance to over 20,000. 
The company’s move to raise funds through convertible notes highlights its continued focus on expanding its Bitcoin holdings, despite the challenging market conditions.

Marathon Digital Announces $250 Million Convertible Senior Notes Offering

crypto.ro global

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