Bitcoin miner Marathon Digital Holdings plans a $250m convertible note sale to buy more Bitcoin.
Bitcoin miner Marathon Digital Holdings aims to raise $250m through a convertible note sale to buy more Bitcoin. The Fort Lauderdale-based company, with 20,818 Bitcoin holdings, follows MicroStrategy's strategy of using convertible notes to amass Bitcoin. Marathon cited increased Bitcoin holdings among public mining companies after the April halving event. The company had a net loss of almost $200m in Q2 due to the writedown of its digital assets' value.
August 12, 2024
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