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Plans to acquire additional bitcoin with offering proceeds

Company: Marathon Digital

Subject kind
financing
Statement date
2024-11-20
Current status
stated

The claim, verbatim

Remainder of net proceeds to be used to acquire additional bitcoin and for general corporate purposes

Source (primary)

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

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: “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.”

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