Bitcoin acquisition from convertible notes proceeds
Company: Marathon Digital
The claim, verbatim
Remainder of net proceeds to be used to acquire additional bitcoin and for general corporate purposes including working capital, strategic acquisitions, expansion of existing assets, and repayment of debt
Source (primary)
Marathon Digital 8-K filed 2024-12-03 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “with the remainder of the net proceeds to be used to acquire additional bitcoin and for general corporate purposes, which may include working capital, strategic acquisitions, expansion of existing assets, and repayment of additional debt and other outstanding obligations.”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing lists bitcoin acquisition and general corporate purposes as uses of the remaining proceeds. It says those purposes 'may include' the listed items, so they are possible uses rather than firm commitments.
Confirmed in the source:
- The remainder of net proceeds is to be used to acquire additional bitcoin
- The remainder is also for general corporate purposes
- General corporate purposes may include working capital, strategic acquisitions, expansion of existing assets, and repayment of additional debt and other outstanding obligations
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: “with the remainder of the net proceeds to be used to acquire additional bitcoin and for general corporate purposes, which may include working capital, strategic acquisitions, expansion of existing assets, and repayment of additional debt and other outstanding obligations.”