Planned repurchase of existing convertible notes due 2026
Company: Marathon Digital
The claim, verbatim
Company expects to use approximately $199 million of net proceeds to repurchase $212 million aggregate principal amount of existing convertible notes due 2026
Source (primary)
Marathon Digital 8-K filed 2024-11-19 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Company expects to use approximately $199 million of the net proceeds from the sale of the notes to repurchase $212 million in aggregate principal amount of its existing convertible notes due 2026”
How we checked this
Checked on September 17, 2026. The cited source supports every part of this claim.
The filing states that about $199 million of net proceeds is expected to go toward repurchasing $212 million of the 2026 convertible notes in privately negotiated transactions.
Confirmed in the source:
- The company expects to use approximately $199 million of net proceeds for a repurchase
- The repurchase covers $212 million aggregate principal amount of existing convertible notes due 2026
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315224046663/form8-k.htm) in full (7,586 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 8-K filed 2024-11-19
Quote: “The Company expects to use approximately $199 million of the net proceeds from the sale of the notes to repurchase $212 million in aggregate principal amount of its existing convertible notes due 2026”