Largest Public Bitcoin Miner To Raise $250 Million For Massive BTC Acquisition
Summary
Marathon Digital Holdings, Inc. plans to issue $250 million in convertible senior notes to acquire more Bitcoin. The notes are unsecured senior obligations, accruing interest semi-annually and maturing in 2031. Investors can convert the notes to cash, Marathon's common stock, or a combination. The net proceeds will be used to acquire additional Bitcoin and for general corporate purposes. The offering is not registered under the Securities Act and is restricted to lawful jurisdictions. Marathon previously purchased $100 million in BTC.
