MARA 籌集 8.5 億美元零息票據以推動比特幣發展

華爾街市值最大的比特幣礦商 MARA Holdings, Inc.（納斯達克股票代碼：MARA）已成功完成 8.5 億美元的零息可轉換優先票據發行。

MARA Holdings, Inc. (NASDAQ:MARA), the biggest Wall Street Bitcoin miner by market cap, has announced the successful completion of an $850 million offering of zero-coupon convertible senior notes, making it one of the largest such offerings in the digital asset sector this year.

華爾街市值最大的比特幣礦商MARA Holdings, Inc.（納斯達克股票代碼：MARA）宣布成功完成8.5 億美元的零息可轉換優先票據發行，使其成為數位領域最大的此類發行之一。

The company secured approximately $835.1 million in net proceeds after initial purchasers' discounts and commissions. Out of the total proceeds, MARA plans to allocate $48 million to repurchase its existing convertible notes due 2026, with the substantial remainder earmarked for Bitcoin acquisitions and general corporate purposes.

在扣除初始購買者折扣和佣金後，該公司獲得了約 8.351 億美元的淨收益。在總收益中，MARA 計劃撥款 4,800 萬美元用於回購 2026 年到期的現有可轉換票據，其餘大部分專門用於比特幣收購和一般企業用途。

notably, the notes feature distinctive terms, including zero regular interest and no principal accretion. Holders can convert their notes into cash, MARA common stock, or a combination thereof, at the company's discretion. The initial conversion rate is set at 28.9159 shares per $1,000 principal amount, equivalent to approximately $34.58 per share – representing a 40% premium over recent trading prices.

值得注意的是，這些票據具有獨特的條款，包括零定期利息和無本金增值。持有人可以根據公司的決定將其票據轉換為現金、MARA 普通股或其組合。初始轉換率為每 ​​1,000 美元本金 28.9159 股，相當於每股約 34.58 美元，較近期交易價格溢價 40%。

$850 million with zero interest. MARA has closed its second convertible note offering with 0% interest. The proceeds will primarily be used to acquire bitcoin and partially repurchase existing convertible notes due 2026.https://t.co/eepRdIPLnm

8.5 億美元，零利息。 MARA 已完成第二次可轉換票據發行，利率為 0%。所得款項將主要用於收購比特幣並部分回購 2026 年到期的現有可轉換票據。

Earlier this week, MARA announced its convertible notes offering, stating plans to raise $700 million along with an additional $105 million. However, the final amount turned out to be slightly higher.

本週早些時候，MARA 宣布了可轉換票據發行，表示計劃籌集 7 億美元，並額外籌集 1.05 億美元。然而，最終金額略高。

On Wednesday, shares of the company rose by 3.3% during the Wall Street session and closed just under $26, maintaining levels near five-month highs.

週三，該公司股價在華爾街交易時段上漲 3.3%，收盤價略低於 26 美元，並維持在五個月高點附近。

MARA has included optional redemption rights starting June 5, 2029, subject to specific price conditions, while noteholders can require repurchase on June 4, 2027, and June 4, 2029. The company also granted initial purchasers a 13-day option to acquire an additional $150 million in notes.

MARA 已包含從2029 年6 月5 日開始的可選贖回權，但須符合特定價格條件，而票據持有人可以要求在2027 年6 月4 日和2029 年6 月4 日回購。公司還授予初始購買者13 天的選擇權，以購買額外的債券1.5億美元的票據。

In a separate move this week, MARA entered into a definitive agreement to acquire a wind farm in Hansford County, Texas, marking a significant expansion of its sustainable energy infrastructure. The facility features 240 MW of interconnection capacity and 114 MW of operational wind generation capabilities.

本週，MARA 簽署了一項最終協議，收購德州漢斯福德縣的一座風電場，標誌著其可持續能源基礎設施的重大擴張。該設施具有 240 兆瓦的互連容量和 114 兆瓦的營運風力發電能力。

The Fort Lauderdale-based digital asset company plans to develop and operate a behind-the-meter data center powered entirely by the site's wind capacity, effectively operating at zero-marginal energy cost. This strategic move aligns with MARA's broader initiative to transform underutilized sustainable resources into economic value.

這家總部位於勞德代爾堡的數位資產公司計劃開發和營運一個完全由該站點的風力發電能力供電的用戶側數據中心，以零邊際能源成本有效運作。這項戰略舉措與農業農村部將未充分利用的永續資源轉化為經濟價值的更廣泛舉措相一致。

“This acquisition serves as a blueprint for how the energy and data center sectors can collaborate to create long-term value while advancing sustainability initiatives,” said Fred Thiel, MARA’s Chairman and CEO.

MARA 董事長兼執行長 Fred Thiel 表示：“此次收購為能源和數據中心行業如何合作創造長期價值，同時推進永續發展計畫奠定了藍圖。”

“By repurposing machines and energizing them with 100% renewable, zero-marginal energy cost, we’re leveraging renewable resources that would have otherwise been curtailed, reducing our bitcoin production costs through vertical integration, and demonstrating MARA’s commitment to environmental stewardship.”

「透過重新利用機器並以100% 可再生、零邊際能源成本為它們提供動力，我們正在利用本來會被削減的可再生資源，透過垂直整合降低我們的比特幣生產成本，並展示MARA 對環境管理的承諾。

Nearly a month ago, the company reported a net loss of $124.8 million for Q3 2024. This occurred despite a 34.5% increase in revenue compared to the same period last year, bringing total revenue to $131.6 million. The loss was largely driven by a $40 million increase in operational expenses, which outpaced the growth in revenue.

近一個月前，該公司公佈 2024 年第三季淨虧損 1.248 億美元。虧損主要是由於營運支出增加了 4000 萬美元，超過了收入的成長。