MARA Holdings Inc. priced an upsized offering of $950 million aggregate principal amount of 0.00% convertible senior notes due 2032 in a private offering. They also granted initial purchasers an option to buy up to an additional $200 million worth of notes within a 13-day period. The offering is set to close on July 25, 2025. MARA estimates net proceeds from the sale to be around $940.5 million, with plans to use some of the funds for repurchasing existing notes, capped call transactions, acquiring bitcoin, and general corporate purposes.

Read more at NASDAQ.: MARA Announces Pricing Of Upsized Offering Of $950 Mln Of 0.00% Convertible Senior Notes Due 2032