IA Marathon Analysis (Patreon)

The financial move below appears to be a questionable decision

My previous analysis consistently categorized MARA as an underperformer - and maybe a not gonna make it post-May 2024 unless they fix some issues.

IADSS also identified the peak.

According to the latest analysis, it ranks as the third-worst performer, with the stock plummeting nearly 50% in just 57 days.

Marathon Digital Holdings is exchanging about $417 million of its 1.00% Convertible Senior Notes due in 2026 for roughly 26.2 million newly issued shares of its common stock. This exchange won't bring in any cash proceeds, but Marathon will pay investors for accrued interest on the exchanged Notes. After the exchange, about $331 million of the Notes will still be outstanding, and it may impact the market price of Marathon's common stock. This transaction is carried out under an exemption from registration, and the final number of shares will be determined over several days.