North American miner Marathon Digital is raising $500 million in debt to buy bitcoin mining machines

Marathon Digital plans to raise $500 million by issuing a senior convertible note that will be used to buy bitcoin mining machines, according to an announcement by the north American mining company On November 15. Marathon Digital is currently the largest bitcoin miner in North America by holdings. Marathon Digital held about 7,453 bitcoins, or about $490 million, at the end of October, according to its announcement. Of that, 4,812 bitcoins, or about $317 million, were purchased from the market, with the rest coming from its mining operations.