TechFlow news — On August 12, according to an official announcement, Bitcoin mining company Marathon Digital Holdings, Inc. (NASDAQ: MARA) revealed plans to issue $250 million in aggregate principal amount of convertible senior notes, subject to market conditions, targeting qualified institutional investors. The notes will mature in 2031 and pay interest semi-annually.
MARA intends to use the proceeds primarily for purchasing Bitcoin and general corporate purposes, including working capital, strategic acquisitions, asset expansion, and debt repayment. The note offering will not be registered under the U.S. Securities Act or any other jurisdiction’s regulations and will be conducted through a private placement.
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