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Last month, MARA was able to raise$1 billionin convertible debts—a financial instrument where investors can convert debt into equity—with zero interest.
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"We view our strategic reserve as a dynamic financial asset that can be actively managed to drive returns well beyond simple price appreciation," Genoot told CoinDesk."Together with the significant investments we are making to expand our core operating business—with a clear path to 24 EH/s of self-mining capacity by Q2 2025—strategic Bitcoin purchases in the open market can strengthen our balance sheet and ability to invest thoughtfully in growth," he said.Shares of Hut 8 have risen 74% this year, while CoinShares Valkyrie Bitcoin Miners ETF (WGMI) climbed 28%.Aoyon Ashraf is CoinDesk's managing editor for Breaking News.
He spent almost a decade at Bloomberg covering equities, commodities and tech.
Prior to that, he spent several years on the sellside, financing small-cap companies.
Blockchain mining hosting through cloud compute ✌️【Job Search】✌️High returns await! Invest ₹500 and start seeing profits grow exponentially each month.Aoyon graduated from University of Toronto with a degree in mining engineering.
He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.Blockchain mining hosting through cloud compute ✌️【Job Search】✌️Invest ₹500 and watch your wealth grow with cutting-edge investment strategies.