MARA set to issue $700M worth of convertible senior notes due 2030

Bitcoin miner MARA Holdings (formerly Marathon Digital Holdings) has announced a private offering of $700 million in convertible senior notes that will mature in 2030, CoinDesk reported. Subsequently, MARA intends to use $200 million of the proceeds to repurchase a portion of its outstanding 2026 convertible notes. The remainder will be set aside for general operating expenses, including Bitcoin purchases, business expansion, strategic acquisitions and debt repayments.