Marathon Digital, a Bitcoin miner, is set to issue $700 million in convertible senior notes due in 2030. The fundraising aims to restructure debt, acquire Bitcoin, and fuel corporate growth. The notes, maturing in 2030, will accrue interest from 2025 and can be converted into cash or stock. Marathon plans to redeem the notes from 2028 under specific conditions. The company's stock price dropped post-announcement, but it remains a key player in Bitcoin mining. This move follows previous funding initiatives this year, including a $250 million raise in August and a $200 million Bitcoin-backed credit line. The Editor-in-Chief at CryptoSlate believes in the transformative power of decentralized technology. Other developments in the crypto space include Bakkt's potential deal conclusion, Bitwise's Bitcoin ETF options trading, and Goldman Sachs' blockchain spin-off for institutional clients. The US election results have also positively impacted Bitcoin's market depth. Read more AI-generated news on: https://app.chaingpt.org/news

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