December 4, 2021

Marathon will raise $ 500 million to buy BTC and miners

Marathon will raise $ 500 million to buy BTC and miners

Marathon Digital Holdings - one of the largest American mining corporations - will attract debt financing to replenish the balance of the BTC and buy ASICs.

In a press release, the company announced an earlyissue of "convertible bonds totaling $ 500,000,000" which expire on December 1, 2026. The bonds will accrue interest every six months. The funds received are planned to be used to replenish the reserve of the BTC company and purchase new mining equipment.

The American company, listed on the Nasdaq, is up 230% in 2021. The reserve asset of the company at the end of last month was 7,453 BTC ($ 490 million).

In December 2020, the company acquired a record 70,000 ASICs. In the summer, the company announced that it had acquired another 30,000 S19d Pro Antminers miners from Bitmain.

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