🎉Odaily Planet Daily latest news! Bitcoin mining company Marathon Digital recently announced that it has reached a privately negotiated exchange agreement with some holders of 1.00% convertible senior notes due in 2026. According to the agreement, notes with a principal amount of approximately US$417 million will be exchanged for approximately 26.2 million newly issued Marathon common shares. It is worth mentioning that Marathon will not receive any cash proceeds from the issuance of common stock, and the final number of shares issued will be determined within a few days. 💰

In addition, Marathon will also pay investors in cash the accrued and unpaid interest on the exchanged notes. After the exchange is completed, notes with a total principal amount of approximately US$331 million remain outstanding. However, it should be noted that in some cases, the entire transaction may be canceled. 🚨

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