Mining News in December: Ethiopia's Rise, Huaqiang North Mining Machine Prices Rise, Oilfield Giant Invests in Bitcoin Mining, sponsored by Bitdeer
Title sponsored by Bitdeer, a NASDAQ-listed mining company. 1. MARA Holdings, a publicly traded mining company, has announced a proposed private placement of $700 million in zero-coupon convertible senior notes due 2031 and $105 million in options. MARA expects to use up to $50 million of the net proceeds from the sale of the notes to repurchase its existing 2026 convertible notes, with the remainder of the net proceeds to purchase more bitcoin. Read more 2. U.S.-listed miner Core Scientific has announced a private placement of $500 million of convertible senior notes due 2031 to qualified institutional buyers. Core Scientific also expects to grant the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $75 million principal amount of notes. Core Scientific intends to use the net proceeds from the offering for general corporate purposes, including working capital, ...
