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MARA plans to issue zero-coupon convertible senior notes to raise $700 million to buy BTC

According to official news, Nasdaq-listed bitcoin miner MARA announced that it intends to issue zero-coupon convertible senior notes to raise $700 million, with the proceeds primarily used to purchase bitcoin and repurchase existing convertible notes due 2026. In addition, MARA expects to use the net proceeds from the sale of notes up to $50 million to repurchase a portion of its existing convertible notes due 2026 through privately negotiated transactions. The remaining net proceeds will be use...

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2024-12-02 11:56:59
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