Marathon Digital Holdings, one of the largest American mining corporations, will attract debt financing to replenish the balance sheet of the BTC and purchase ASICs.
In a press release, the company announced the imminent issuance of “$500,000,000 convertible notes” expiring on December 1, 2026. The bonds will accrue interest semiannually. The funds received are planned to be used to replenish the reserves of the VTS company and purchase new mining equipment.
Shares of the American company listed on Nasdaq grew by 230% in 2021. The company had 7,453 BTC ($490 million) in its reserve assets at the end of last month.
In December 2020, the company acquired a record 70,000 ASICs. In the summer, the company announced that acquired another 30,000 S19d Pro Antminers from Bitmain.
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