$950 million convertible senior notes offering
Company: Marathon Digital
What the later record shows
Delivered on time · happened July 25, 2025
MARA announced it closed the $950 million offering of 0.00% convertible notes due 2032 on July 25, 2025. Later filings show $1.025 billion outstanding, implying part of the $200 million option was exercised.
“today announced the closing on July 25, 2025 of its upsized offering of 0.00% convertible senior notes due 2032 (the “notes”).”
2025-07-27 · marathon-digital 8-K exhibit (eh250659491_ex9901.htm) View cached copy (2026-10-09)Live source ↗
“$ 1.025 billion aggregate principal amount of 0.0 % Convertible Senior Notes due 2032 (the “August 2032 Notes”)”
2025-11-03 · Marathon Digital 10-Q filed 2025-11-04 View cached copy (2026-08-31)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The company priced an offering of $950 million aggregate principal amount of 0.00% convertible senior notes due 2032, with initial purchasers having an option to purchase an additional $200 million within 13 days
Source (primary)
Marathon Digital 8-K filed 2025-07-24 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “priced an upsized private offering of $950 million aggregate principal amount of its 0.00% convertible senior notes due 2032. The Company also granted to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $200 million aggregate principal amount of the notes.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K states that MARA priced an upsized private offering of $950 million of 0.00% convertible senior notes due 2032. It also states that the initial purchasers received an option to buy up to an additional $200 million within a 13-day period starting on the notes' first issue date.
Confirmed in the source:
- MARA Holdings priced an offering of $950 million aggregate principal amount of convertible senior notes.
- The notes carry a 0.00% interest rate and are due 2032.
- MARA granted the initial purchasers an option to buy up to an additional $200 million aggregate principal amount of the notes.
- The option runs for a 13-day period beginning on, and including, the date the notes are first issued.
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000095014225001993/eh250658656_8k.htm) in full (6,926 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 8-K filed 2025-07-24
Quote: “priced an upsized private offering of $950 million aggregate principal amount of its 0.00% convertible senior notes due 2032. The Company also granted to the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date on which the notes are first issued, up to an additional $200 million aggregate principal amount of the notes.”
confirms Marathon Digital 10-Q filed 2025-11-04
Quote: “$ 1.025 billion aggregate principal amount of 0.0 % Convertible Senior Notes due 2032 (the “August 2032 Notes”)”
confirms marathon-digital 8-K exhibit (eh250659491_ex9901.htm)
Quote: “today announced the closing on July 25, 2025 of its upsized offering of 0.00% convertible senior notes due 2032 (the “notes”).”