Convertible notes offering - estimated net proceeds
Company: Marathon Digital
The claim, verbatim
Company estimates net proceeds of approximately $835.1 million (or approximately $982.5 million if initial purchasers exercise in full their option)
Source (primary)
Marathon Digital 8-K filed 2024-12-03 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Company estimates that the net proceeds of the offering will be approximately $835.1 million (or approximately $982.5 million if the initial purchasers exercise in full their option to purchase additional notes)”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing gives both net proceeds estimates. It notes they are after the initial purchasers' discounts and commissions but before offering expenses.
Confirmed in the source:
- The Company estimates net proceeds of approximately $835.1 million
- Net proceeds would be approximately $982.5 million if the initial purchasers fully exercise their option
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315224048393/form8-k.htm) in full (6,771 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 8-K filed 2024-12-03
Quote: “The Company estimates that the net proceeds of the offering will be approximately $835.1 million (or approximately $982.5 million if the initial purchasers exercise in full their option to purchase additional notes)”