On December 2, 2024, Marathon Digital announced the acquisition of approximately 6,484 bitcoin for $618.3 million, averaging $95,352 per bitcoin. This strategic move highlights the company's commitment to expanding its digital asset holdings.Additionally, Marathon Digital revealed plans to offer $700 million in 0.00% convertible senior notes due 2031, targeting qualified institutional buyers. The proceeds will be used to repurchase existing convertible notes due 2026, acquire more bitcoin, and support general corporate purposes, including potential strategic acquisitions and debt repayment.The offering is subject to market conditions, and the notes will be convertible into cash or shares of common stock. This initiative underscores Marathon Digital's strategic focus on leveraging digital assets for growth and sustainability.

On December 2, 2024, Marathon Digital announced the acquisition of approximately 6,484 bitcoin for $618.3 million, averaging $95,352 per bitcoin. This strategic move highlights the company's commitment to expanding its digital asset holdings.Additionally, Marathon Digital revealed plans to offer $700 million in 0.00% convertible senior notes due 2031, targeting qualified institutional buyers. The proceeds will be used to repurchase existing convertible notes due 2026, acquire more bitcoin, and support general corporate purposes, including potential strategic acquisitions and debt repayment.The offering is subject to market conditions, and the notes will be convertible into cash or shares of common stock. This initiative underscores Marathon Digital's strategic focus on leveraging digital assets for growth and sustainability.