Marathon Digital Holdings (MARA) Announces Proposed $250M Convertible Notes Offering
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Marathon Digital Holdings, Inc. Announces Proposed Private Offering of $250 Million of Convertible Senior Notes
August 12, 2024 7:00 AM EDTProceeds to be used primarily to acquire bitcoin and for general corporate purposes
Fort Lauderdale, FL, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) (MARA or the Company), a global leader in leveraging digital asset compute to support the energy transformation, today announced that it intends to offer, subject to market conditions and other factors, $250 million aggregate principal amount of convertible senior notes due 2031 (the notes) in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under... More
