MARA Holdings Inc - MARA STOCK NEWS

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.

MARA Holdings has announced the pricing of $850 million in zero-coupon convertible senior notes due 2030, with an additional $150 million option available to initial purchasers. The notes, maturing on March 1, 2030, will be convertible into cash, shares, or a combination at MARA's election, with an initial conversion rate of 38.5902 shares per $1,000 principal amount. The company plans to use approximately $199 million of the net proceeds to repurchase existing 2026 convertible notes, with the remainder allocated for bitcoin acquisition and general corporate purposes. The offering, expected to close on November 20, 2024, represents a conversion premium of 42.5% over MARA's current stock price.

MARA Holdings has announced a proposed private offering of $700 million convertible senior notes due 2030, 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 $200 million of the proceeds to repurchase existing 2026 convertible notes, with the remainder allocated for bitcoin acquisition and general corporate purposes. The notes will bear semi-annual interest starting March 1, 2025, and mature on March 1, 2030. Holders can require MARA to repurchase notes on December 1, 2027, and MARA may redeem them after March 5, 2028.

MARA Holdings has announced the release of its third quarter 2024 financial results. The company will discuss these results during a webcast and conference call scheduled for November 12, 2024, at 5:00 p.m. Eastern Time. Shareholders can access the quarterly letter through MARA's investor relations website at ir.mara.com, and the document will also be filed with the SEC via Form 8-K. Interested parties can register for the conference call through the provided link, with replay options available on the company's website.

MARA announced the addition of 372 megawatts of compute capacity across three sites in Ohio. The company acquired two operational data centers in Hannibal and Hopedale with 222 megawatts of interconnect-approved capacity for $270/kW, and began developing a 150-megawatt facility in Findlay. The acquired sites have 122 megawatts of current capacity with approval to expand by 100 megawatts. The Findlay site has 30 megawatts of existing capacity. MARA plans to fully energize these facilities by end-2025, supporting its 2024 target of 50 EH/s. This expansion increases their total owned and operated compute capacity by over 70% and diversifies their portfolio across multiple ISOs.

MARA announced it will host a webcast and conference call on Tuesday, November 12, 2024, at 5:00 p.m. Eastern time to discuss its third quarter 2024 financial results for the period ended September 30, 2024. The company will publish a shareholder letter containing financial results prior to the call, which will be available on their investor relations website. Interested participants can register for the conference call and audio webcast through a provided link. The webcast will be available for replay on the company's investor relations section.

MARA reported its October 2024 Bitcoin mining performance, achieving its best month of production since April's halving with 717 BTC produced, a 2% increase from September. The company increased its energized hash rate by 14% to 40.2 EH/s. Transaction fees accounted for 5% of total production, including two notable transactions generating fees of 3.217 BTC and 2.665 BTC. Despite a 3% decrease in blocks won due to increased global hash rate and difficulty, MARA maintains progress toward its 50 EH/s target by year-end. As of October 31, 2024, MARA held 27,562 BTC, including 4,499 restricted BTC.