Greenshoe option for additional convertible notes
Company: Marathon Digital
What the later record shows
Partly delivered
The 2031 notes total $925.0 million versus $850 million priced. This implies about $75 million of the $150 million option was exercised; the filings do not state the exercise explicitly.
“$ 925.0 million aggregate principal amount of 0.0 % Convertible Senior Notes due 2031 (the “June 2031 Notes”)”
2025-03-02 · Marathon Digital 10-K filed 2025-03-03 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Initial Purchasers granted option to purchase up to additional $150 million aggregate principal amount of notes within 13-day period from issuance
Source (primary)
Marathon Digital 8-K filed 2024-12-04 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Company also granted the Initial Purchasers an option to purchase up to an additional $150 million aggregate principal amount of the notes within a 13-day period beginning on, and including, the date on which the notes were first issued.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 8-K states that the Company granted the Initial Purchasers an option to purchase up to an additional $150 million of the notes within a 13-day period starting on the issuance date, matching every element of the claim.
Confirmed in the source:
- MARA Holdings granted the Initial Purchasers an option to buy additional convertible notes
- The option covered up to an additional $150 million aggregate principal amount of the notes
- The option could be exercised within a 13-day period beginning on, and including, the date the notes were first issued
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315224048704/form8-k.htm) in full (12,554 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 8-K filed 2024-12-04
Quote: “The Company also granted the Initial Purchasers an option to purchase up to an additional $150 million aggregate principal amount of the notes within a 13-day period beginning on, and including, the date on which the notes were first issued.”