Bitcoin miner Marathon Digital plans to privately issue $700 million in convertible senior notes due in 2030, according to a Nov. 18 statement. The offering, subject to market conditions, includes an additional $105 million purchase option for initial buyers within 13 days of issuance. The firm noted that this fundraising is geared towards restructuring its…
Two of the largest public Bitcoin miners — Marathon Digital and Riot Platforms — recorded their highest monthly Bitcoin production since the April halving event, despite the industry’s ongoing challenges with rising mining difficulty. On Nov. 4, Marathon Digital announced that it boosted its Bitcoin production by 2% to 717 BTC in October, marking its strongest…
Bitcoin miner Marathon Digital Holdings said it has secured a $200 million line of credit from an undisclosed lender, according to an Oct. 15 statement. According to the company, the credit facility is backed by a portion of its Bitcoin holdings and will be used to seize strategic opportunities and support general corporate initiatives. Marathon…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 More than two dozen residents in Granbury, Texas, have filed a lawsuit against Marathon Digital, a major player in Bitcoin mining, over excessive noise from a nearby mining facility. The group, in their October 4 filing to Hood County Court, claims that the facility has caused severe disruption to…
September 22, 2024 at 06:23 AM GST updated: September 21, 2024 at 01:13 PM 2 mins read News Marathon Digital’s hash rate grew by 142% in Q1 2024, driving a 223% revenue increase to US$165.2 million. Marathon Digital plans to double its hash rate to 50 EH/s by the end of 2024 through new ASIC…