MARA Holdings, Inc. Announces Plan to Offer $700 Million in Convertible Senior Notes

Fort Lauderdale, FL, Dec. 02, 2024 (GLOBE NEWSWIRE) —

MARA Holdings, Inc. (NASDAQ: MARA), a global leader in leveraging digital asset compute to support the energy transformation, has revealed its intention to raise funds through a private offering of $700 million in 0.00% convertible senior notes due 2031. The company plans to use the proceeds primarily to acquire bitcoin and repurchase existing convertible notes due 2026.

Private Offering Details

The offering, subject to market conditions and other factors, will be made to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933. MARA also expects to grant the initial purchasers of the notes an option to purchase up to an additional $105 million aggregate principal amount within a 13-day period.

This strategic move by MARA reflects its commitment to capitalizing on the growing digital asset market and its focus on supporting the energy transformation through innovative solutions.

With the increasing adoption of digital assets and the emergence of new technologies, MARA Holdings, Inc. is positioning itself as a key player in driving the transition to a more sustainable and secure energy future.

Impact on Individuals

As an individual investor, the announcement of MARA Holdings, Inc.’s plan to offer $700 million in convertible senior notes may present an opportunity to participate in the company’s growth potential. Investing in these notes could offer a chance to support the development of digital assets and energy transformation initiatives while potentially earning a return on investment.

Global Effect

On a global scale, MARA’s move to raise funds through convertible senior notes signifies a continued focus on leveraging digital assets to drive innovation in the energy sector. This could have broader implications for the industry as more companies explore ways to utilize digital asset compute for sustainable energy solutions.

Conclusion

In conclusion, MARA Holdings, Inc.’s decision to offer $700 million in convertible senior notes demonstrates its strategic approach to funding growth opportunities in the digital asset and energy transformation sectors. This move not only positions the company for future success but also contributes to the larger conversation surrounding sustainability and innovation in the global energy landscape.