Future bitcoin acquisition with proceeds
Company: Marathon Digital
The claim, verbatim
Company intends to use a portion of net proceeds from the convertible notes offering to acquire additional bitcoin
Source (primary)
Marathon Digital 8-K filed 2024-12-02 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “the remainder of the net proceeds to be used to acquire additional bitcoin and for general corporate purposes”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing says the net proceeds left after the note repurchase will go toward acquiring additional bitcoin and general corporate purposes. That establishes that part of the proceeds is intended for bitcoin purchases.
Confirmed in the source:
- MARA intends to use a portion of the net proceeds from the convertible notes offering to acquire additional bitcoin
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315224048222/form8-k.htm) in full (6,904 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 8-K filed 2024-12-02
Quote: “the remainder of the net proceeds to be used to acquire additional bitcoin and for general corporate purposes”