Marathon Digital Follows MicroStrategy’s Lead with $300M Bitcoin Purchase Amid Mining Sector Woes

In a strategic pivot reminiscent of Michael Saylor’s approach, Marathon Digital has raised $300 million through convertible notes to purchase over 4,000 bitcoins, signaling a shift from mining investment to direct Bitcoin acquisition in response to declining profitability within the mining sector.

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Marathon Digital buys $249m in Bitcoin after raising $300m from convertible notes

Marathon Digital has bought $249 million worth of Bitcoin using funds raised from a $300 million offering of convertible senior notes. In an Aug. 14 press release, Marathon, which is the largest public Bitcoin (BTC) miner by realized hash rate,…

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Largest Public Bitcoin Miner To Raise $250 Million For Massive BTC Acquisition

Marathon Digital Holdings, Inc. (NASDAQ: MARA), the world’s largest public listed Bitcoin miner with a market cap of more than $5 billion, has announced a strategic financial initiative to bolster its Bitcoin holdings through the issuance of $250 million in convertible senior notes.

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Nevada-Based Miner Marathon Digital to Boost Bitcoin Holdings with $250 Million Raise

Marathon Digital announces a $250 million raise via convertible senior notes issuance aiming to increase its Bitcoin holdings. The post Nevada-Based Miner Marathon Digital to Boost Bitcoin Holdings with $250 Million Raise appeared first on BeInCrypto.

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Marathon Digital to raise $250M through convertible senior notes for Bitcoin purchase

Marathon Digital plans to raise $250M via convertible senior notes for Bitcoin buying. The funds will also support corporate initiatives, including debt repayment and expansions. The company holds over 20,800 BTC, worth $1.

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Marathon Digital seeks raising $250m to buy more Bitcoin

Marathon Digital is planning a $250 million private offering of convertible senior notes, intensifying its commitment to expanding Bitcoin holdings. Bitcoin mining firm Marathon Digital Holdings is seeking to raise $250 million through a private offering of convertible senior notes…

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Marathon Digital Holdings To Raise $250 Million To Buy More Bitcoin

Marathon Digital Holdings announced a $250 million private offering of convertible notes to expand its bitcoin holdings. The Bitcoin mining firm aims to mimic MicroStrategy's corporate bitcoin accumulation strategy.

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Marathon Digital invested over $30 million in bankrupt Compute North

Bitcoin (BTC) miner Marathon Digital has disclosed it invested $10 million in convertible preferred stock and $21. 3 million in unsecured senior promissory notes in bankrupt crypto firm Compute North, according to an October 6 press statement.

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Mara Raising $650 Million to Buy Bitcoin and Asics

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SEC Investigating Bitcoin Miner, Marathon Digital Holdings, Regarding Violation of Federal Securities Law

Marathon Digital holds a total of 7,453 Bitcoin and plans to buy more BTC and miners by selling $500 million in convertible securities. The post SEC Investigating Bitcoin Miner, Marathon Digital Holdings, Regarding Violation of Federal Securities Law first appeared on BitcoinExchangeGuide.

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Marathon Digital to Raise $500M in Convertible Notes to Purchase Bitcoin and Bitcoin Miners

Today Marathon Digital Holdings, one of the largest publicly-traded Bitcoin miners in North America, announced a proposed convertible senior notes offering.

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