Bitcoin miner Marathon to raise $250M in stock offering

posted 3 days ago
Bitcoin mining company Marathon Patent Group (MARA) shares were down after the Nasdaq-listed firm announced it plans to raise up to $250 million through a direct stock offering.

The Las Vegas-based company said it has entered into a securities purchase agreement with institutional investors for the registered offering of 12.5 million shares of common stock at $20 per share.
Tags: blockchain, bitcoin, news