Continued bitcoin sales to build cash
Company: Marathon Digital
The claim, verbatim
MARA intends to keep using bitcoin to build cash for AI infrastructure opportunities, to satisfy puts on its convertible notes that become exercisable next year, and for potential share repurchases.
Source (primary)
Bitcoin Miner MARA Clears Its BTC-Backed Debt and Approves $500 Million Buyback After Q3 Profit - unchainedcrypto.com (-, news_article)
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Quote: “using bitcoin to build cash for purposes such as AI infrastructure opportunities, to satisfy the puts on our convertible notes that become exercisable next year, and potential share repurchases.”
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Additional evidence
confirms Bitcoin Miner MARA Clears Its BTC-Backed Debt and Approves $500 Million Buyback After Q3 Profit - unchainedcrypto.com
Quote: “using bitcoin to build cash for purposes such as AI infrastructure opportunities, to satisfy the puts on our convertible notes that become exercisable next year, and potential share repurchases.”