According to official news, Bitcoin mining company MARA announced plans to raise $700 million through the issuance of convertible preferred notes to purchase more BTC. It is reported that these notes will be MARA's unsecured senior debt and will bear interest, with payments made semi-annually on March 1 and September 1, starting from March 1, 2025.

MARA expects to use up to $200 million of the net proceeds from the sale of the notes to repurchase some of its existing convertible notes maturing in 2026, while the remaining net proceeds will be used to purchase more Bitcoin and for general corporate purposes, which may include working capital, strategic acquisitions, expansion of existing assets, and repayment of additional debt and other outstanding debts.