Marathon Digital Holdings Inc MARA Shares Are Trading Lower
- WBOYOriginal
- 2024-08-13 00:06:34821browse
Bitcoin BTC/USD mining company Marathon Digital said it intends to offer $250 million worth of convertible senior notes due 2031 in a private offering
Bitcoin (CRYPTO: BTC) mining company Marathon Digital (NASDAQ:MARA) announced a proposed private offering of $250 million convertible senior notes due 2031.
The notes will be offered to institutional buyers, and the initial purchasers will be granted a 13-day option to purchase up to an additional $37.5 million of the notes.
The notes will be unsecured, senior obligations and will bear interest payable semi-annually on March 1 and Sept. 1 of each year. Holders of the notes will have the right to require Marathon Digital to repurchase for cash all or any portion of their notes on March 1, 2029.
Marathon Digital said it intends to use the net proceeds from the sale to acquire additional Bitcoin, as well as for general corporate purposes.
As of July 31, Marathon Digital held a total of 20,818 unrestricted Bitcoin.
The above is the detailed content of Marathon Digital Holdings Inc MARA Shares Are Trading Lower. For more information, please follow other related articles on the PHP Chinese website!