Marathon Digital Plans to Raise $750M via Hybrid Equity Offering(s)
"We intend to use to use a substantial portion of the net proceeds for working capital expenditures," was stated in the SEC filing.
- "We may sell common shares, preferred shares (including convertible preferred shares), warrants for equity securities, and units comprised of any combination thereof from time to time in one or more offerings up to an initial aggregate offering price of $750,000,000."
"We intend to use to use a substantial portion of the net proceeds to purchase additional Bitcoin Mining servers. The remaining proceeds will be used for general corporate purposes," the company added.
