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Convertible notes conversion rate and price

Company: Marathon Digital

Subject kind
financing
Statement date
2024-11-20
Promised amount
25.9133 USD per share
Current status
stated

The claim, verbatim

Notes are convertible at initial conversion rate of 38.5902 shares per $1,000 principal amount, equivalent to initial conversion price of approximately $25.9133 per share

Source (primary)

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

Quote: “The notes are convertible into shares of the Company's common stock at an initial conversion rate of 38.5902 shares per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $25.9133 per share of common stock).”

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 notes are convertible into shares of the Company's common stock at an initial conversion rate of 38.5902 shares per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $25.9133 per share of common stock).”

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