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News Explorer — Marathon Digital Has a $250 Million Plan to Buy More Bitcoin—But There Are Risks

Generated by AI, curated by humans

Aug 12, 9:50 pm

Decrypt

Marathon Digital Has a $250 Million Plan to Buy More Bitcoin—But There Are Risks

Marathon Digital Holdings, a major Bitcoin mining company, plans to raise $250 million through a private offering of convertible senior notes. The company aims to use the funds to acquire more Bitcoin and for general corporate purposes. However, industry experts have raised concerns about Marathon's move, citing potential risks and questioning its focus on mining.

Marathon Digital Holdings, a major Bitcoin mining company, plans to raise $250 million through a private offering of convertible senior notes. The company aims to use the funds to acquire more Bitcoin and for general corporate purposes. However, industry experts have raised concerns about Marathon's move, citing potential risks and questioning its focus on mining.

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