Use of proceeds - repurchase of existing convertible notes
Company: Marathon Digital
The claim, verbatim
Company expects to use approximately $48 million of net proceeds to repurchase approximately $51 million in aggregate principal amount of existing convertible notes due 2026
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 expects to use approximately $48 million of the net proceeds from the sale of the notes to repurchase approximately $51 million in aggregate principal amount of its existing convertible notes due 2026”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states the planned use of about $48 million to repurchase about $51 million of the 2026 convertible notes, in privately negotiated transactions.
Confirmed in the source:
- The Company expects to use approximately $48 million of net proceeds for a repurchase
- The repurchase covers approximately $51 million aggregate principal amount of existing convertible notes
- The notes to be repurchased are due 2026
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 expects to use approximately $48 million of the net proceeds from the sale of the notes to repurchase approximately $51 million in aggregate principal amount of its existing convertible notes due 2026”