Mara Holdings

Recently, Zacks.com users have been paying close attention to Marathon Digital (MARA). This makes it worthwhile to examine what the stock has in store.» Mehr auf zacks.com

Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 Fort Lauderdale, FL, Nov. 21, 2024 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today announced the closing on November 20, 2024 of its offering of 0.00% convertible senior notes due 2030 (the “notes”). The aggregate principal amount of the notes sold in the offering was $1 billion, which includes $150 million aggregate principal amount of notes issued pursuant to an option to purchase, within a 13-day period beginning on, and including, the date on which the notes were first issued, granted to the initial purchasers under the purchase agreement, which the initial purchasers exercised in full on November 19, 2024 and which additional purchase was completed on November 20, 2024.» Mehr auf globenewswire.com

I support the CEO's decision to avoid independent AI/HPC hosting, reducing risks tied to low margins and rapid tech obsolescence once hyperscalers fully deploy their infrastructure in 2026. The company's energy strategy, converting flared gas to electricity, significantly reduces power costs to 1 cent per kWh, aiming for over 1 GW capacity of low-cost energy. Recent acquisitions and facility upgrades are expected to increase computing power by 70% by late 2025, with potential operational cost reductions using its 2PIC tanks.» Mehr auf seekingalpha.com