On November 21st, COINOTAG News reported that Bitcoin mining firm MARA has successfully raised $1 billion through convertible note financing. This significant capital infusion includes $150 million in notes, accompanied by purchase warrants as stipulated in the purchase agreement with initial investors. The financing deal features a concise 13-day term from the original issuance date of the notes. Notably, the initial purchasers exercised their warrants fully on November 19, 2024, and the remaining purchases were concluded just a day later, on November 20, 2024. This strategic move not only enhances MARA’s liquidity but also positions the firm to bolster its operational capacity in the highly competitive Bitcoin mining sector, aligning with the increasing demand for digital currency infrastructures.
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