MARA Holdings has announced a major $850 million private raise through zero-coupon convertible senior notes due in 2032, with an additional $150 million option, to expand its Bitcoin mining operations and significantly increase its Bitcoin holdings. This strategic move aims to boost MARA’s position as one of the world's largest Bitcoin miners and the second-largest corporate Bitcoin holder, using the proceeds for Bitcoin acquisitions, debt repurchases, and general corporate purposes. The raise reflects MARA’s commitment to scaling its mining capacity and securing a leading position in the competitive cryptocurrency landscape.
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