Marathon Digital Holdings, a cryptocurrency mining company, saw its shares decline by 8% to $11.41 following the announcement of privately negotiated exchange agreements. The company plans to exchange its 1.00% convertible senior notes due 2026, valued at $417 million, for 26.2 million newly issued shares. This move comes as Marathon Digital Holdings experienced a 15% decline in stock value over the past year, with its 52-week high occurring on July 14 at $19.88. Marathon Digital Holdings is an emerging player in the cryptocurrency mining industry, focused on mining Bitcoin. Sources:Chris Wack, Marathon Digital Holdings, [email protected]

Source: Wall Street Journal September 08, 2023 17:22 UTC