Marathon Digital, a mining company, has completed a $14.25 million private placement financing.

BlockBeats reported on June 6th that Marathon Digital Holdings (NASDAQ: MARA), a cryptocurrency mining company, announced that it has signed a securities purchase agreement to sell 15,000 shares of Series A redeemable convertible preferred stock in a private placement. It is expected that the gross revenue from this issuance will be approximately $14.25 million, after deducting the placement agent fees and other estimated issuance expenses. The issuance is expected to be completed around June 8, 2023.