Summary by Moomoo AI
Marathon Digital Holdings, Inc. (Marathon Digital) has filed with the Securities and Exchange Commission (SEC) to offer up to $1.5 billion of its common stock through an at-the-market offering agreement with H.C. Wainwright & Co., LLC. The shares will be sold at market prices and the proceeds are intended for purchasing additional Bitcoin Mining servers and general corporate purposes, including strategic acquisitions, joint ventures, expansion of existing assets, and repayment of debt. This move follows Marathon Digital's recent activities, including the acquisition of two operational bitcoin mining sites and the commencement of a joint venture in Paraguay. The common stock is listed on the Nasdaq Capital Market under the symbol 'MARA'. The offering is made under a shelf registration statement on Form S-3 filed by Marathon Digital, and the sales may be made from time to time as determined by market conditions and other factors.