Investing.com – miners are increasingly looking to diversify into AI data centers as a means to build sustainable business models and attract institutional investors, according to a Monday note from Bernstein.
The analysts said several major miners, like Marathon Digital (NASDAQ🙂 and Core Scientific Inc (NASDAQ:), have recently secured decent funding through convertible notes, with each company following its own unique approach.
Marathon Digital raised $300 million with plans to buy more Bitcoin, following the lead of MicroStrategy, which has pioneered using long-term convertible notes to acquire the original cryptocurrency as a corporate treasury asset.
Marathon’s notes were priced with a 25% premium and a 2.125% coupon,…
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