2021-1-5 17:15 |
Nasdaq-listed Marathon said it will use the funds to pay for recent hardware purchases from Bitmain and to expand its business. origin »
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Jonas Schnelli joins other Bitcoin developers who are sponsored by high-caliber Bitcoin companies.
The Nasdaq-listed mining company wants to become a "pure-play bitcoin investment option" for Wall Street.
The Las Vegas company has agreed to a direct offering of 12.5 million shares of common stock at $20 per share.
At the crypto market's 2017 peak, Marathon barely had $50 million in market capitalization.
Share prices for publicly traded bitcoin mining companies are climbing as the leading cryptocurrency sliced through $20,000 Wednesday.
Mining companies are soaring as bitcoin hits record highs.