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Marathon Patent Group Raised $200 Million In Capital Through Shelf Offering
Summary: Marathon Patent Group, the Nasdaq-listed mining giant (MARA) in North America announced that it has raised $200 million capital through shelf offering. MARA’s cash flow at the end of the fiscal year 2020 is $217.6 million, with outstanding shares 74,656,549 shares. With part of the funds, the company plans to pay for the Bitcoin miners ...
Marathon Patent Group, the Nasdaq-listed mining giant (MARA) in North America announced that it has raised $200 million capital through shelf offering. MARA’s cash flow at the end of the fiscal year 2020 is $217.6 million, with outstanding shares 74,656,549 shares. With part of the funds, the company plans to pay for the Bitcoin miners purchased from Bitmain and to further expand its business. MARA stated that it has purchased 103,060 miners, its total hash rate will reach approximately 10.36 EH/s once these machines are fully delivered and deployed.
By Mary Liu
Tags: Bitcoin Miners,Bitmain,Hash Rate,Marathon Patent Group,Nasdaq
Link: Marathon Patent Group Raised $200 Million In Capital Through Shelf Offering [Copy]
