Marathon Digital greenshoe expands convertible notes by $97.5 million

Chicago, Nov. 24 – Marathon Digital Holdings, Inc. announced that it sold another $97.5 million of its 1% five-year convertible notes in an 8-K filing with the Securities and Exchange Commission on Wednesday.

That marks the full use of the over-allotment option that was granted to underwriters in the recent offering of an upsized $650 million of the notes, priced on Nov. 15.

The greenshoe notes were issued on Nov. 23.

The convertible notes priced with an initial conversion premium of 37.5%.

Jefferies LLC is the bookrunner for the Rule 144A deal.

Marathon Digital is a digital asset company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. Headquarters are in Las Vegas.

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