According to TechFlow, on November 18, according to official news, Marathon Digital Holdings (MARA), a listed Bitcoin mining company, announced plans to issue a total of $700 million in convertible senior notes to qualified institutional investors, and may issue an additional $105 million. The notes will mature on March 1, 2030, and interest will be paid semi-annually starting from March 1, 2025.

According to the announcement, MARA plans to use no more than $200 million of the raised funds to repurchase its existing convertible bonds due in 2026, and the remaining funds will be mainly used to increase Bitcoin holdings and for general corporate purposes, including working capital, strategic acquisitions, expansion of existing assets and debt repayment.