jain.com
The Analysis · Companies · People · Methodology

Net proceeds from convertible notes offering

Company: Marathon Digital

Subject kind
financing
Statement date
2024-11-20
Promised amount
980.0 USD
Current status
stated

The claim, verbatim

Net proceeds from sale of convertible notes are approximately $980 million after deducting discounts and commissions but before offering expenses

Source (primary)

Marathon Digital 8-K filed 2024-11-21 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗

Quote: “The net proceeds from the sale of the notes were approximately $980 million after deducting the Initial Purchasers' discounts and commissions but before estimated offering expenses payable by the Company.”

How we checked this

Attempted on September 17, 2026. We could not read enough of the cited source to check this claim.

The verification run did not return a result for this claim (claude -p exit 1: b'').

What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315224047078/form8-k.htm) in full (12,689 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.

Additional evidence

confirms Marathon Digital 8-K filed 2024-11-21

Quote: “The net proceeds from the sale of the notes were approximately $980 million after deducting the Initial Purchasers' discounts and commissions but before estimated offering expenses payable by the Company.”

View cached copy (2026-08-31)Live source ↗