MARA Holdings, Wall Street’s largest publicly traded Bitcoin miner, has successfully closed a second $850 million offering of convertible senior notes. The company made the announcement on December 5 via an X post, outlining that the primary use of the proceeds will be to acquire additional Bitcoin and repurchase some of its outstanding convertible notes due in 2026. MARA’s Latest Convertible Notes Offering In an accompanying press release, MARA confirmed that the notes will...
Read More »MARA Announces $700M Convertible Notes Offering to Boost Bitcoin Holdings
Mining firm MARA Holdings, formerly Marathon Digital, announced plans to offer $700 million in 0.00% convertible senior notes due 2030 to qualified institutional buyers. The company may allow initial buyers to purchase an extra $105 million in notes within 13 days of issuance. $700M Convertible Notes Offering MARA plans to use up to $50 million from the note sale to buy back part of its 2026 convertible notes through private deals. The rest of the funds will go toward...
Read More »Ro Khanna: Democrats Can Bring Positive Crypto Regulations Soon
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Read More »Marathon Digital Eyes Bitcoin Acquisition with $250M Convertible Notes Offering
Bitcoin mining firm Marathon Digital Holdings has announced plans for a $250 million offering of convertible senior notes due in 2031. The latest private offering is targeted at “qualified institutional buyers.” The firm aims to use the proceeds for the acquisition of Bitcoin as well as corporate growth. The company also has the option to increase the offering by an additional $37.5 million, depending on market conditions. These notes, which will be unsecured and senior...
Read More »MicroStrategy (MSTR) Stock Tanks 18% in Pre-Market, Crypto Firms Bleed
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Read More »Marathon Digital Falls Short of Revenue Prediction, Shares Plunge 8%
Marathon Digital (MARA) saw its shares drop over 8% in after-hours trading on Thursday following a second-quarter revenue report that fell short of Wall Street’s forecasts. However, the stock has since recovered some of these losses. Marathon Digital Sees a Revenue Miss Marathon Digital reported second-quarter revenue of $145.1 million, falling short of Wall Street’s forecast of $157.9 million, approximately 9% lower. The company attributed the revenue miss to operational...
Read More »Marathon Digital Increases Bitcoin Stash With $100M Purchase
Marathon Digital, the world’s largest Bitcoin mining company, has announced its latest purchase of $100 million worth of BTC, increasing its stash to more than 20,000 BTC. According to a press release, Marathon is changing its approach to its Bitcoin treasury policy and adopting a full HDOL strategy. This means that the miner will hold all BTC produced during its operations and will periodically make more open-market purchases going forward. Marathon Adopts BTC HODL Strategy...
Read More »Marathon Digital Fined $138 Million for Contract Violation
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Read More »Bernstein Defends Iris Energy Amid Culper’s Criticism, Shares Drop 13%
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Read More »Hut 8 Strikes 205 MW Power Deal in Texas: Details
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