Why Is Marathon Raising $1B Without Paying Interest? The Real Bet Behind Its Bold Bitcoin Move

  • Bitcoin mining company Marathon Digital Holdings (NASDAQ:MARA) on Wednesday announced plans to raise up to $1 billion through a private offering of zero-coupon convertible senior notes due 2032, according to a recent SEC filing. The offering begins at $850 million, with an option allowing initial purchasers to buy an additional $150 million in notes.