06:00 PM EDT, 08/14/2024 (MT Newswires) -- Marathon Digital Holdings ( MARA ) said Wednesday it closed a $300 million private offering of 2.125% convertible senior notes due 2031, including $50 million of notes bought by initial purchasers under an option.

Marathon said it purchased about 4,144 bitcoin for about $249 million with the proceeds from the offering.

The company said it plans to use the remaining proceeds to purchase more bitcoins and for general corporate purposes.

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