Marathon Digital (MARA) Senior Note Exchange, Stock Plummets

Are crypto stocks seeing weakness today? Specifically, Marathon Digital (MARA) entered into privately negotiated exchange agreements with certain holders of its 1.00% convertible senior notes due 2026. George Tsilis weighs in on the 15% increased share count. Were the note holders also short the MARA stock? What does this say about Marathon Digital earnings and revenue? Tsilis says that the bitcoin price is relatively flat today.

Next Gen Investing

08 Sep 2023

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