Marathon Digital Announces Offering of Convertible Notes for Institutional Buyers
Tuesday, 13 August 2024, 01:44
Marathon Digital's Convertible Notes Offering
Marathon Digital recently announced plans to issue convertible notes aimed at institutional buyers. The notes will have a maturity of 2031 and carry an attractive 2.125% interest rate.
Key Features of the Offering
- Aggregate offering of $1000
- Convertible into 52.9 shares of MARA
- Maturity date set for 2031
Conclusion
This offering reflects Marathon Digital's proactive measures to strengthen its financial position and enhance its capacity in the cryptocurrency market.
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