On November 20, 2024, Marathon Digital completed a $1 billion private offering of 0.00% convertible senior notes due 2030. The notes were sold to qualified institutional buyers under Rule 144A. Net proceeds were approximately $980 million after deductions. The company plans to use $199 million to repurchase $212 million of existing convertible notes due 2026. Remaining funds will be used to acquire additional bitcoin and for general corporate purposes, including working capital and strategic acquisitions. The notes are convertible into common stock at a rate of 38.5902 shares per $1,000 principal amount. The notes mature on March 1, 2030, and are redeemable under specific conditions. The offering was announced in a press release on November 21, 2024.

On November 20, 2024, Marathon Digital completed a $1 billion private offering of 0.00% convertible senior notes due 2030. The notes were sold to qualified institutional buyers under Rule 144A. Net proceeds were approximately $980 million after deductions. The company plans to use $199 million to repurchase $212 million of existing convertible notes due 2026. Remaining funds will be used to acquire additional bitcoin and for general corporate purposes, including working capital and strategic acquisitions. The notes are convertible into common stock at a rate of 38.5902 shares per $1,000 principal amount. The notes mature on March 1, 2030, and are redeemable under specific conditions. The offering was announced in a press release on November 21, 2024.