MARA Completes $950.0 million Offering of Convertible Senior Notes Due 2032

Nasdaq-listed Bitcoin mining company $MARA Holdings announced that its offering of 0.00% convertible senior notes due 2032 has been completed, with a total principal amount of $950.0 million and net proceeds of approximately $940.5 million. $MARA expects to use the funds 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 debt. (Globenewswire) [Odaily]