Marathon Digital Holdings（MARA）推出了20億美元的市場（ATM）股票，以資助比特幣收購

Marathon Digital Holdings（MARA）宣布，推出了20億美元的市場（ATM）股票，以資助其購買更多比特幣的策略。

"The company, one of the largest Bitcoin miners in the U.S., said it will sell shares to raise the capital, which will be used mainly to increase its Bitcoin holdings. The move follows the company’s previous successful offering, which raised $1.4 billion to support similar goals.

“該公司是美國最大的比特幣礦工之一，他表示將出售股票以籌集資金，該股票將主要用於增加其比特幣持有量。此舉是在該公司以前的成功發行之後的，該產品籌集了14億美元以支持類似的目標。

Marathon Digital (NASDAQ:MARA) announced plans for a $2 billion at-the-market (ATM) stock offering to fund its strategy of acquiring more Bitcoin (BTC).

Marathon Digital（NASDAQ：MARA）宣布了計劃提供20億美元市場（ATM）股票的計劃，以資助其收購更多比特幣（BTC）的策略。

The company, known for its large-scale Bitcoin mining operations, will be selling shares to raise the capital, with the majority of the proceeds going towards increasing its Bitcoin holdings.

該公司以大規模的比特幣採礦業務而聞名，將出售股票以籌集資金，其中大多數收益用於增加其比特幣持有量。

The move follows the company’s successful offering last year, where it sold convertible bonds and stock to raise $1.4 billion, which was also used to buy more Bitcoins and support other initiatives.

此舉是在該公司去年成功發行之後的，在該公司將可轉換債券和股票出售以籌集14億美元，該債券也用於購買更多比特幣並支持其他計劃。

The new equity program will see several investment firms, including Barclays and BMO Capital Markets, facilitate the selling of shares. Of the total funds raised, 40% will be allocated to purchasing more Bitcoins, 35% will go towards general corporate purposes, and the remaining 25% will be used for working capital.

新的股權計劃將有幾家投資公司，包括巴克萊和BMO資本市場，促進股票的銷售。在籌集的總資金中，有40％將分配給購買更多比特幣，35％將用於一般公司目的，其餘25％將用於營運資金。

This plan to buy more Bitcoins aligns with the firm’s overall objective of establishing a long-term presence in the digital commodities sector.

該計劃購買更多比特幣與公司在數字商品領域建立長期業務的總體目標保持一致。

The new offering comes after a period of expansion of the holding of Bitcoins by the company.

新產品是在公司擴大了公司持有比特幣之後的。

Currently, the company possesses 46,376 BTC, making it the second biggest holder of BTC among the listed firms. This decision is in line with Marathon Digital Hope’s strategy to increase its Bitcoin holdings as it needs more capital following the challenging conditions in the mining industry. Rising energy costs and the recent halving of Bitcoin rewards have made traditional mining operations less profitable.

目前，該公司擁有46,376 BTC，使其成為BTC在上市公司中的第二大持有人。這一決定符合馬拉松數字希望的策略，即在採礦業挑戰性條件下需要更多的資本，因此增加了比特幣持有量。能源成本的上升和最近的比特幣獎勵減半，使傳統的採礦業務降低了。

The company’s approach is similar to that of another major firm, MicroStrategy (NASDAQ:MSTR), which has been actively seeking funds to purchase Bitcoin.

該公司的方法類似於另一家主要公司MicroStrategy（NASDAQ：MSTR）的方法，該公司一直在積極尋求購買比特幣的資金。

Earlier this year, MicroStrategy announced plans to sell up to $500 million in shares to buy more Bitcoin. MicroStrategy’s CEO, Michael Saylor, has been a strong advocate for companies holding Bitcoin on their balance sheets.

今年早些時候，Microstrategy宣布了計劃出售高達5億美元的股票以購買更多比特幣。 MicroStrategy的首席執行官Michael Saylor一直是持有比特幣資產負債表的公司的堅定擁護者。

After migrating from the past method of mining and using its own generated bitcoins, Marathon Digital is now buying the bitcoins through issuing of equity offerings and convertible bonds.

從過去的採礦方法遷移並使用其自己生成的比特幣的方法之後，Marathon Digital現在通過發行股權和可轉換債券來購買比特幣。

As the company is still making solid profits from mining, buying more coins directly in the market creates another channel to expand the company’s offerings.

由於該公司仍在從採礦中賺取可觀的利潤，因此直接在市場上購買更多硬幣會創建另一個渠道，以擴大公司的產品。

The company’s past success with Bitcoin acquisition is evident. In 2024, Marathon Digital increased its holdings from 13,726 BTC to the current 46,376 BTC, demonstrating the company’s ability to scale its Bitcoin assets significantly. This aggressive expansion has positioned MARA as a major player in the digital asset space.

該公司過去在比特幣收購方面取得了成功。 2024年，Marathon Digital將其持股從13,726 BTC提高到了當前的46,376 BTC，這表明該公司有能力大大擴展其比特幣資產。這種積極的擴展將Mara定位為數字資產領域的主要參與者。

Despite the company’s strong performance in scaling its Bitcoin assets and adjusting to the shifting dynamics of the cryptocurrency market, the company’s future performance will be closely tied to the price of the digital currency. Bitcoin’s volatility remains a key factor in the company’s long-term plans as it continues to adjust its strategies for optimal resource management in the evolving crypto landscape.

儘管該公司在擴大比特幣資產並適應加密貨幣市場的變化動態方面表現出色，但該公司的未來業績將與數字貨幣的價格緊密相關。比特幣的波動性仍然是該公司長期計劃的關鍵因素，因為它繼續調整其在不斷發展的加密景觀中的最佳資源管理策略。

Moreover, the company’s strong liquidity position is a key aspect of its financial health. With a current ratio of 4.94, the company appears to be well-positioned to meet short-term obligations, which is crucial as it navigates the fluctuating cryptocurrency market. A high current ratio indicates that the company has ample liquid assets to cover its current liabilities, suggesting a lower risk of financial distress.

此外，該公司的強大流動性地位是其財務狀況的關鍵方面。目前的比率為4.94，該公司似乎有很好的位置，可以履行短期義務，這至關重要，因為它導航了波動的加密貨幣市場。高電流比率表明該公司擁有足夠的流動資產來支付其流動負債，這表明財務困擾的風險較低。

However, not everyone supports this approach. Renowned economist Peter Schiff has been vocal in his criticism of companies like MARA and MicroStrategy for their strategies of purchasing Bitcoin and adjusting their operations accordingly.

但是，並非所有人都支持這種方法。著名的經濟學家彼得·希夫（Peter Schiff）在批評Mara和Microstrategy等公司的批評中一直在批評購買比特幣和相應地調整其業務的策略。

Schiff, a Bitcoin critic, recently dismissed the idea of acquiring Bitcoin as a viable long-term business model, calling those who invest in the cryptocurrency “fools.”

比特幣評論家希夫（Schiff）最近駁斥了將比特幣作為可行的長期商業模式的想法，稱那些投資加密貨幣的人“傻瓜”。