TechFlow news, on November 18, according to an official announcement, Bitcoin-listed mining company Marathon Digital Holdings (MARA) revealed plans to issue $700 million in convertible senior notes to qualified institutional investors, with an additional $105 million potentially offered. The notes will mature on March 1, 2030, and bear interest payable semi-annually beginning March 1, 2025.
According to the announcement, MARA intends to use up to $200 million of the net proceeds to repurchase its existing convertible notes maturing in 2026, with the remaining funds primarily allocated toward increasing its Bitcoin holdings and for general corporate purposes, including working capital, strategic acquisitions, expansion of existing assets, and debt repayment.
