Stock Market

This is Why Marathon Digital plummet -27% today? NASDAQ:MARA

Marathon Digital (NASDAQ:MARA) plummeted today after they announced “the company is looking to raise as much as $500 million via convertible debt. These unsecured senior convertible notes would be due in 2026 and provide an option for an additional $75 million in notes to be acquired by initial purchasers.” Investor Place

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Marathon Digital also stated on their 10-Q filing “We understand that the SEC may be investigating whether or not there may have been any violations of the federal securities law,” “We are cooperating with the SEC.”

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