Additional Convertible Notes Purchase Option
Company: Marathon Digital
What the later record shows
Partly delivered
The 0% notes due 2032 later total $1.025 billion against $950 million sold at closing. This implies about $75 million of the $200 million option was exercised; no passage states the exercise directly.
“The aggregate principal amount of notes sold in the offering was $950 million.”
2025-07-27 · Marathon Digital 8-K filed 2025-07-28 View cached copy (2026-08-31)Live source ↗
“$ 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
Initial Purchasers granted option to purchase up to additional $200 million aggregate principal amount of convertible notes within 13-day period
Source (primary)
Marathon Digital 8-K filed 2025-07-28 (SEC EDGAR, sec_filing)
View cached copy (2026-08-31)Live source ↗
Quote: “The Company also granted the Initial Purchasers an option to purchase up to an additional $200 million aggregate principal amount of the notes within a 13-day period beginning on, and including, the date on which the notes were first issued.”
How we checked this
Checked on October 10, 2026. The cited source supports every part of this claim.
The 8-K states that the Initial Purchasers were granted an option to buy up to an additional $200 million of the notes within a 13-day period starting on the issue date.
Confirmed in the source:
- MARA Holdings granted the Initial Purchasers an option to purchase additional convertible notes
- The option covers up to an additional $200 million aggregate principal amount of the notes
- The option is exercisable within a 13-day period beginning on, and including, the date the notes were first issued
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000095014225002027/eh250659491_8k.htm) in full (14,781 characters, retrieved August 31, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 8-K filed 2025-07-28
Quote: “The Company also granted the Initial Purchasers an option to purchase up to an additional $200 million aggregate principal amount of the notes within a 13-day period beginning on, and including, the date on which the notes were first issued.”