$Marathon Digital Holdings Inc

Offering is coming?

Saw this on forum. Mara left $256M of unrestricted cash as of 30 June 2024.

But they spent $100M last week to buy more bitcoin and CEO Fred mentioned they are not selling anybitcoin anytime soon.

No sell bitcoin = no income?

They might also need another $138M to pay the lawsuit fine.

Balance cash left will be $18M.

They also had many international expansion.

How do they raise cash to continue operation?

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Comments

LeonTse
07-29
LeonTse
Buys unrestricted bitcoin with unrestricted cash, what's wrong? they can sell when time is right, that's how to make money
- CoffeeAndStocks:
  Last week CEO said they are not selling anytime soon. They are doing the hold strategy.
  No sell = no income.
  Their cash on hand is running out.
Gilar3101
07-30
Gilar3101
us

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