MARA Sells 13,597 Bitcoin and Repays $750 Million in Debt
The miner announced a new $500 million stock buyback authorization as two planned data center leases face potential delays into 2027.
Bitcoin mining firm MARA sold 13,597 Bitcoin and used the proceeds to repay $750 million in debt, according to a report by TheDefiant.
Alongside the debt restructuring and asset sale, the company announced a new $500 million stock buyback authorization. The operational update also noted that two planned data center leases face a possible delay into 2027.
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Key facts
- MARA sold 13,597 Bitcoin.
- The company repaid $750 million in debt.
- A new $500 million stock buyback authorization was announced.
- Two planned data center leases face a possible delay into 2027.
Source: thedefiant.io
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