Marathon Buys Bitcoin with $249M from Convertible Notes

Marathon Digital, the largest public bitcoin mining firm by realized hashrate, has acquired 4,144 BTC using proceeds from a $300 million convertible senior notes offering, which closed on Tuesday. In a release on Wednesday, Marathon stated that the offering involved 2.125% convertible senior notes due 2031, with an aggregate principal amount of $300 million, including […]

The post Marathon Buys Bitcoin with $249M from Convertible Notes appeared first on TheMinerMag.

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