2020-10-26 16:00 |
This marks the second 10,000+ machine order from Marathon since August.
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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.
Nasdaq-listed Marathon said it will use the funds to pay for recent hardware purchases from Bitmain and to expand its business.
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.