According to Gate.io News bot and TheMinerMag, Bitcoin mining company MARA announced the launch of a $2 billion ATM (At-the-Market) equity issuance plan. The plan involves cooperation with several investment banks including Barclays, BMO Capital Market, and BTIG, with the agent commission rate set at 3% of the total proceeds.
MARA signed an agreement on March 28 to terminate the ATM plans for October 2023 and February 2024. The previous plan aimed for an issuance of $1.5 billion, with $1.4 billion in stock sales completed through H.C. Wainwright in 2024. In 2024, MARA raised a net capital of $1.85 billion through stock issuance, which will be used to expand operations and strengthen the balance sheet.
MARA continues to implement a full hold strategy, retaining monthly Bitcoin output, and plans to issue $2 billion zero-coupon convertible bonds to purchase Bitcoin by the end of 2024. As of the end of February, MARA holds 46,374 Bitcoins.
Source: Wu Says
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
