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Benzinga
Benzinga
Business
Murtuza J Merchant

Why Is Marathon Raising $1B Without Paying Interest? The Real Bet Behind Its Bold Bitcoin Move

MARA Marathon Bitcoin SEC Marathon Digital Holdings Mining
bitcoin mining ai

Bitcoin mining company Marathon Digital Holdings (NASDAQ:MARA) on Wednesday announced plans to raise up to $1 billion through a private offering of zero-coupon convertible senior notes due 2032, according to a recent SEC filing.

The offering begins at $850 million, with an option allowing initial purchasers to buy an additional $150 million in notes. Only qualified institutional buyers are eligible to participate in the transaction, according to an SEC filing.

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