The notes, which will be unsecured senior obligations, are set to mature in 2031, with interest payable semiannually beginning March 1, 2025. This move is part of a broader trend where companies continue to add Bitcoin to their balance sheets, driven by increasing demand and the perceived value of the digital asset. Marathon Digital has also provided an option for institutional investors to purchase an additional $37.5 million in principal amount of notes within a 13-day period following the initial issuance.

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The offering will be limited to qualified institutional buyers under Rule 144A of the Securities Act, allowing the company to target a specific market segment with this financial instrument. Marathon Digital’s strategy reflects the growing interest in Bitcoin as a reserve asset among major firms in the cryptocurrency space.

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