Marathon Digital achieved record Bitcoin mining results in November, increasing production by 26% to 907 BTC and hash rate by 15% to 46.1 EH/s. The company mined 254 blocks, a 27% rise from October. CEO Fred Thiel credited new miners and operational enhancements for these accomplishments, highlighting Marathon's industry leadership. The company plans to raise $700 million through convertible notes, allocating funds to repurchase existing notes, acquire more Bitcoin, and support corporate activities. This follows a $1 billion fundraising in November, enabling the purchase of 6,474 BTC. Marathon's dual strategy of mining and acquiring Bitcoin optimizes costs and flexibility, with 12,965 BTC acquired year-to-date at an average price of $77,692. Holding 34,959 BTC valued at $3.3 billion, Marathon ranks as the second-largest public Bitcoin holder. The article also touches on Meta's stablecoin venture, US crypto inflows, Enron's memecoin relaunch, and Bitcoin ETF options' impact on institutional trading. Read more AI-generated news on: https://app.chaingpt.org/news

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