$950M 0.00% convertible notes due 2032 closed
Company: Marathon Digital
The claim, verbatim
MARA closed its upsized private offering of $950 million aggregate principal amount of 0.00% convertible senior notes due 2032 on July 25, 2025, with net proceeds of approximately $940.5 million before offering expenses.
Source (primary)
marathon-digital 8-K exhibit (eh250659491_ex9901.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-10-09)Live source ↗
Quote: “announced the closing on July 25, 2025 of its upsized offering of 0.00% convertible senior notes due 2032 (the “notes”). The aggregate principal amount of the notes sold in the offering was $950 million.”
How we checked this
Checked on October 13, 2026. The cited source supports every part of this claim.
The press release states the July 25, 2025 closing of the upsized $950 million private offering and net proceeds of about $940.5 million before estimated offering expenses.
Confirmed in the source:
- MARA closed an upsized offering of 0.00% convertible senior notes due 2032
- The closing occurred on July 25, 2025
- The aggregate principal amount sold was $950 million
- The offering was a private offering under Rule 144A
- Net proceeds were approximately $940.5 million before estimated offering expenses
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1507605/000095014225002027/eh250659491_ex9901.htm) in full (12,175 characters, retrieved October 9, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms marathon-digital 8-K exhibit (eh250659491_ex9901.htm)
Quote: “announced the closing on July 25, 2025 of its upsized offering of 0.00% convertible senior notes due 2032 (the “notes”). The aggregate principal amount of the notes sold in the offering was $950 million.”