We advised Marathon Digital Holdings on its offering of 1% convertible notes due 2026

Davis Polk advised Marathon Digital Holdings, Inc. in connection with its Rule 144A offering of $650 million aggregate principal amount of its 1.00% convertible senior notes due 2026.

Marathon Digital Holdings is one of the largest enterprise Bitcoin self-mining companies in North America.

The Davis Polk corporate team included partner Alan F. Denenberg, counsel Jeffrey Gould and associate Claire A. Bacon. The tax team included partner Lucy W. Farr and associates Ben Levenback and Benjamin Helfgott. The intellectual property and technology transactions team included partner Frank J. Azzopardi and associate Hilary Smith. Associate Matthew R. Silver provided 1940 Act advice. Members of the Davis Polk team are based in the Northern California and New York offices.