Marathon Digital files for $750M mixed securities shelf registration

Time：2022-02-12 Source： 652 views Trending Copy share

Marathon Digital (NASDAQ:MARA) filed a $750M mixed shelf registration in which it may sell common stock, preferred stock, warrants, units or a combination of those securities from time to time to raise capital to buy bitcoin mining servers.

The bitcoin mining company said it plans to use a "substantial portion" of the net proceed to purchase the servers. The rest would be used for general corporate purposes.

Marathon Digital (MARA) shares edge down 0.1% in after-hours trading.

Earlier this month, Marathon Digital (MARA) said it mined 462.1 bitcoins in January, down 5% from December. In December, it announced the purchase of 78,000 next generation Antminer S-19 XP Miners from Bitmain.

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