MARA Holdings, Inc. - MARA STOCK NEWS

MARA Holdings reported significant operational updates for December 2024, highlighting a 15% increase in energized hash rate to 53.2 EH/s. The company mined 890 BTC in December, a slight 2% decrease from November, while winning 249 blocks. MARAPool achieved 168% annual hash rate growth in 2024, surpassing bitcoin's network growth of 49%.

The company's total BTC holdings reached 44,893 BTC, valued at $4.2 billion (at $93,354 per BTC). In 2024, MARA acquired 22,065 BTC at an average price of $87,205 and mined an additional 9,457 BTC. The company's year-end BTC yield per diluted share was 62.7%. Notably, 7,377 BTC are loaned to third parties for additional returns.

WiSA Technologies (NASDAQ: WISA) has received 94% stockholder approval to acquire Data Vault Holdings' assets for 40 million shares of common stock plus a $10 million 3-year Note. The transaction, valued between $266M and $501M in a fairness opinion, is expected to close around December 31, 2024.

Following the closure, WiSA will be renamed to Datavault Inc. and transform into a data technology and licensing company focusing on two main solutions: Data Sciences for Web 3.0 data management and Acoustic Sciences for spatial HD sound transmission. The company will leverage Datavault's platform for managing and monetizing data in the Web 3.0 environment, offering blockchain data solutions and AI integration.

WiSA Technologies (NASDAQ: WISA) has received overwhelming stockholder approval to acquire Data Vault Holdings' assets, with 94% of stockholders voting in favor. The transaction involves issuing 40 million shares of restricted common stock plus a $10 million 3-year Note. A fairness opinion valued Data Vault's assets between $266M and $501M.

Upon closing, expected around December 31, 2024, WiSA Technologies will be renamed to Datavault Inc. The company will transform into a data technology and licensing company focusing on two main solutions: Data Sciences for Web 3.0 data management and Acoustic Sciences for spatial HD sound transmission. The deal includes a 3% royalty on future revenues from Datavault and ADIO product lines.

The Datavault Platform enables data monetization in the Web 3.0 environment, offering solutions for managing name, image, and likeness (NIL) licensing through blockchain technology, while ensuring privacy and credential protection.

MARA Holdings has successfully closed an $850 million offering of zero-coupon convertible senior notes due 2031. The net proceeds of approximately $835.1 million will be used to:

- Repurchase about $51 million of existing 2026 convertible notes using $48 million
- Acquire additional bitcoin
- Fund general corporate purposes

The notes are convertible into cash, MARA common stock, or a combination thereof, with an initial conversion rate of 28.9159 shares per $1,000 principal amount, equivalent to a conversion price of $34.5830 per share. This represents a 40% premium over MARA's weighted average price of $24.7022 on December 2, 2024.

MARA has announced a definitive agreement to acquire a wind farm in Hansford County, Texas, featuring 240 MW of interconnection capacity and 114 MW of nameplate wind capacity. The company plans to develop and operate a behind-the-meter data center powered entirely by the site's wind capacity at zero-marginal energy cost. The facility will implement MARA's Advanced ASIC Retirement Initiative, repurposing last-generation mining hardware that would otherwise be discarded. This acquisition aims to convert underutilized sustainable resources into economic value while reducing bitcoin production costs through vertical integration. The transaction is expected to close by Q1 2025.

MARA Holdings has announced the pricing of $850 million in zero-coupon convertible senior notes due 2031, with an option for purchasers to buy an additional $150 million. The notes, convertible into cash, MARA common stock, or a combination, have an initial conversion rate of 28.9159 shares per $1,000 principal amount, equivalent to $34.5831 per share. The company expects $835.1 million in net proceeds, planning to use $48 million to repurchase existing 2026 convertible notes and the remainder for bitcoin acquisition and general corporate purposes. The offering is expected to close on December 4, 2024.

MARA reported record-breaking mining operations for November 2024, with a 27% increase in blocks mined to 254 and a 26% growth in BTC production to 907 BTC month-over-month. The company's energized hash rate increased by 15% to 46.1 EH/s. Year-to-date, MARA has acquired 12,965 BTC at an average price of $77,692 and mined an additional 8,563 BTC, achieving a BTC yield per share of 37.2%. The company now holds a total of 34,959 BTC, valued at $3.3 billion based on a $95,000 BTC spot price.

MARA Holdings announces a proposed private offering of $700 million in zero-coupon convertible senior notes due 2031, with an additional $105 million option for initial purchasers. The notes will be convertible into cash, MARA common stock, or a combination thereof. The company plans to use up to $50 million to repurchase existing 2026 convertible notes, with remaining proceeds allocated for bitcoin acquisition and general corporate purposes. The notes will be unsecured, senior obligations without regular interest payments, maturing on June 1, 2031. Holders can require MARA to repurchase notes on June 4, 2027, and June 4, 2029.

MARA Holdings has completed a $1 billion offering of 0% convertible senior notes due 2030, including $150 million from additional purchasers. The net proceeds of approximately $980 million will be used to: repurchase $212 million of existing 2026 convertible notes ($199 million allocated), acquire additional bitcoin, and for general corporate purposes. The notes are convertible into cash, MARA common stock, or a combination thereof, with an initial conversion rate of 38.5902 shares per $1,000 principal amount, equivalent to $25.9133 per share - a 42.5% premium over the current stock price.