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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.”

MARA STOCK UPDATE: [stock_market_widget type=”inline” template=”generic” assets=”MARA” markup=”{name} ({symbol}) is trading at {price} ({change_pct}). {symbol} has the current volume of {volume}, 52 weeks high of {52_week_high}, and 52 weeks low of {52_week_low} per share. There are currently {shares_outstanding} shares of {symbol} outstanding with the current market cap of {market_cap}. ” api=”yf”]

MARA SOCIAL SENTIMENT:

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