MARA Sets New Records in Bitcoin Mining and Announces $700M Convertible Notes Offering

November proved to be a record-breaking month for MARA Holdings, Inc. (NASDAQ: MARA), a leader in Bitcoin mining and digital asset strategies. The company achieved unprecedented results in its mining operations and unveiled a bold financial move to further its Bitcoin-centric strategy.

In a move to strengthen its Bitcoin acquisition strategy, MARA announced plans to offer $700 million in zero-coupon convertible senior notes due 2031, with an option for an additional $105 million, subject to market conditions. The proceeds will primarily fund the purchase of more Bitcoin and the repurchase of MARA’s existing convertible notes due in 2026.