According to news from BiJieWang, Nasdaq-listed Bitcoin mining company MARA Holdings announced the completion of its issuance of 0.00% convertible preferred notes maturing in 2032, with a total principal amount of $950 million and net proceeds of approximately $940.5 million. MARA expects to use the funds to purchase more Bitcoin and for general corporate purposes, which may include working capital, strategic acquisitions, expansion of existing assets, and repayment of additional debts and other outstanding obligations.

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