Marathon Digital, one of the largest Bitcoin mining firms in the U.S., has said it wants to leverage the debt market to buy bitcoin and mining hardware. The firm said in a statement on Monday that it intends to raise $500 million through an issuance of senior convertible notes that accrue interest payable semi-annually and will mature on December 1, 2026.

Marathon Digital, one of the largest Bitcoin mining firms in the U.S., has said it wants to leverage the debt market to buy bitcoin and mining hardware. The firm said in a statement on Monday that it intends to raise $500 million through an issuance of senior convertible notes that accrue interest payable semi-annually and will mature on December 1, 2026.