Crypto News

Marathon Digital Announces $1 Billion Debt Offering Marathon Digital, a leading Bitcoin mining company, has announced a new debt offering of $1 billion. The offering, which will mature in 2030, will be sold privately to qualified institutional buyers under Rule 144A of the Securities Act of 1933. Expanding Operations and Growing Demand for Bitcoin The decision to pursue this debt offering comes as Marathon looks to expand its mining operations and meet the growing demand for Bitcoin. With the recent surge in the price of Bitcoin, more and more institutional investors are looking to gain exposure to the cryptocurrency, creating a need for more mining capabilities. Zero-Interest Senior Notes Marathon's debt offering will consist of zero-interest senior notes, meaning that the company will not have to pay any interest on the debt. This is a unique offering in the mining industry and further demonstrates Marathon's confidence in the future of Bitcoin and ...