MARA Agrees to Repurchase $1B of Convertible Notes
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 4 days ago
0mins
Should l Buy MARA?
Source: seekingalpha
- Repurchase Plan: MARA announced an agreement to repurchase approximately $1 billion of its 0% convertible senior notes, including $367.5 million due in 2030 at $322.9 million and $633.4 million due in 2031 at approximately $589.9 million, with expected closures on March 30 and 31, 2026.
- Cash Savings: The transactions are projected to generate about $88.1 million in cash savings, reflecting a 9% discount to par value, while reducing total outstanding convertible debt by 30%, significantly improving the company's financial health.
- Bitcoin Sales Support: Between March 4 and 25, 2026, MARA sold 15,133 bitcoins for approximately $1.1 billion, with proceeds allocated to fund the notes repurchase transactions, leaving the remainder for general corporate purposes.
- Advisory Team: J. Wood Capital Advisors LLC acted as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal advisor, ensuring the smooth execution of the repurchase transactions and enhancing market confidence in the company.
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Analyst Views on MARA
Wall Street analysts forecast MARA stock price to rise
12 Analyst Rating
7 Buy
5 Hold
0 Sell
Moderate Buy
Current: 8.020
Low
13.00
Averages
22.11
High
30.00
Current: 8.020
Low
13.00
Averages
22.11
High
30.00
About MARA
MARA Holdings, Inc. is engaged in digital asset compute that develops and deploys technologies. The Company secures the blockchain ledger and supports energy transformation by converting clean, stranded, or otherwise underutilized energy into economic value. It also offers advanced technology solutions to optimize data center operations, including liquid immersion cooling and firmware for bitcoin miners. It is primarily focused on computing for, acquiring, and holding digital assets as a long-term investment. Its core business is bitcoin mining, and it produces, or mines, bitcoin using energy-efficient fleets of specialized computers while providing dispatchable compute as an optionality to the electric grid operators to balance electric demands on the grid. It is also engaged in the sale of data center infrastructure, such as immersion-cooled systems, to third parties operating in the bitcoin ecosystem and the artificial intelligence (AI) and high-performance compute (HPC) sectors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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