Bitcoin

Million

Raise

Coin

<ul class="news-points"> 
 <li>Bitcoin Miner Marathon Digital filed a Form S-3 to the US SEC, announcing plans to raise $750 million.</li> 
 <li>This week, Marathon Digital shares have risen by 23%, alongside Bitcoin’s 12% increase.</li> 
 <li>Bitcoin miners are experiencing increased selling pressure due to record-high hash rates.</li> 
</ul> 
Last week, Bitcoin surged beyond $34,000, marking a 106% increase for the year, following a challenging crypto winter in 2022. Simultaneously, Bitcoin miner Marathon Digital, trading as “MARA” on the Nasdaq stock market, experienced an increase in its stock price. According to a <a href="https://www.sec.gov/Archives/edgar/data/1507605/000149315223038113/forms-3asr.htm" target="_blank" rel="nofollow">Form S-3 filing</a> to the U.S. Securities and Exchange Commission, Marathon Digital is planning to raise $750 million through a hybrid equity offering. 
At the end of September, the firm possessed 13,726 Bitcoins, while generating more than 1,000 Bitcoins monthly. With the new funds, Marathon Digital will expand its operational capacity and invest in acquiring new mining equipment. 
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 Bitcoin miner Marathon Digital has filed a FORM S-3 form with the U.S. SEC as it plans to raise up to $750 million in a hybrid equity offering. As of September 30, Marathon Digital held 13,726 Bitcoins and was producing over 1,00…
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Bitcoin Miner Files Form S-3 to SEC; Plans To Raise $750 Million

Coin Edition

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