Marathon planlægger at rejse $500 Millioner fra konvertible seniorsedler til køb af bitcoin og minedrift

Marathon planlægger at rejse $500 Millioner fra konvertible seniorsedler til køb af bitcoin og minedrift

På mandag, the enterprise bitcoin mining operation Marathon Digital Holdings announced the firm will raise $500 million from convertible senior notes in order to accrue morebitcoin or bitcoin mining machines.


Publicly-Listed Mining Operation to Raise $500M From Debt Markets to Purchase Bitcoin and ASIC Devices

Marathon (Nasdaq: MARA), is one of the largest U.S. mining operations and on November 15, the firm revealed it plans to utilize debt markets forgeneral corporate purposes, including the acquisition of bitcoin or bitcoin mining machines.The news comes after significant growth during the course of 2021 and at the end of October, Marathon disclosed it had mined 417 bitcoin (BTC). With over $457 million worth of bitcoin held in its coffers, det 417 BTC revenue was considerably larger than the month prior.

As in prior months, our bitcoin production was impacted by maintenance-related outages at the power plant in Hardin, MT and increases in the total network hash rate,” Marathon’s CEO Fred Thiel explained. “Imidlertid, with shipments of our previously purchased miners accelerating over the coming months, we continue to expect our bitcoin production to become more consistent as we scale,” the Marathon executive added.

In a press release sent to News, the company said on Monday that it plans to issue “$500,000,000 aggregate principal amount of convertible senior notesthat will mature on December 1, 2026. The notes will obtain interest semi-annually unless they arerepurchased, redeemed or converted,” Marathon’s press release notes.

Marathon intends to use the net proceeds from the offering for general corporate purposes, including the acquisition of bitcoin or bitcoin mining machines,” the company disclosed.

Marathon Shares Have Risen More Than 230% i 6 måneder — After Controversy Ensued, Bitcoin Mining Firm Dropped OFAC Transaction Filtering in May

USA. companys shares listed on Nasdaq have done well in recent times and Marathon has been holding BTC on its balance sheet like its mining competitors Argo, Hut8, Riot Blockchain, and Bitfarms. Six months ago, MARA shares were trading hands for $22.99 on May 18, and today shares swap for $75.92. Nyheder rapporteret on Marathon buying BTC for a reserve asset at the end of January following the company’s centralbank har aktivt testet sin digitale valuta record-breaking acquisition af 70,000 ASIC bitcoin miners in December 2020. Marathon came under kontrovers this year when the enterprise mining operation mined its first OFAC-compliant block. It meant that at the time, Marathon was filtering transactions to be compliant with the Office of Foreign Assets Control’s centralbank har aktivt testet sin digitale valuta (OFAC) sanction guidelines.

Imidlertid, virksomheden dropped this filtering procedure after it was well established that the Taproot upgrade would happen. Marathon said the companys mining pool wouldno longer filter transactions” og “begin validating transactions in a manner consistent with all other miners who use the standard node.

Two months later, the firm revealed it købt 30,000 S19j Pro Antminers from Bitmain and after it published Julys bitcoin production and mining operation it was revealed that Fidelity Investments owns a 7.4% stake in Marathon.

The latest financing proposal to leverage convertible senior notes indicates the firm continues to believe in the bitcoin mining industrys exponential growth. At press time, Bitcoin’s hashrate has been once again nearing all-time highs and the current hashrate on November 15, is a whopping 181 eksahash i sekundet (EH/s).

What do you think about Marathon using debt markets to raise $500 million in order to acquire bitcoin and bitcoin mining rigs? af den digitale valutaøkonomi med.