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Nasdaq-listed Bitcoin mining firm Marathon to raise $500M in debt
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Marathon Digital Holdings, one of the largest Bitcoin (BTC) mining companies in the United States, is looking to raise $500 million in debt to buy Bitcoin and set up new Bitcoin miners.
The Nasdaq-listed company officially announced Monday a private debt offering featuring a $500 million aggregate principal amount of its convertible senior notes. The company also expects to grant the initial purchasers an option to purchase up to an additional $75 million principal amount of notes after 13 days from the date the notes are first issued.
“The notes will be senior, unsecured obligations of Marathon, will accrue interest payable semi-annually in arrears and will mature on Dec. 1, 2026, unless earlier repurchased, redeemed or converted,” the
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