Marathon Digital, a leading crypto mining firm, will now label all Bitcoin blocks mined in the U.S. with a “Made in USA” tag. This move underscores the company’s dedication to American-made Bitcoin.
CEO Fred Thiel’s Announcement
Fred Thiel, CEO of Marathon Digital, emphasized the importance of this new labeling. He noted that every Bitcoin block mined by MARA Pool in the U.S. will feature the “Made in USA” mark. Furthermore, Thiel mentioned that MARA is the only major miner with the capability to do this due to their own mining pool.
Alignment with Trump’s Vision
This initiative aligns with former President Donald Trump’s goal of producing all remaining Bitcoin in the U.S. Trump previously argued that this would enhance the country’s energy dominance. He reiterated his support for domestic crypto mining during the Bitcoin 2024 Conference, promising that American miners would receive adequate electricity for their operations.
Marathon Digital’s Private Offering
In addition to the new labeling, Marathon Digital announced a $250 million private offering of convertible senior notes. The funds will be used to buy more Bitcoin and for other corporate purposes. The company, which holds over 20,800 Bitcoins—more than twice as many as its competitor Hut8—plans to use the proceeds for working capital, strategic acquisitions, and asset expansion.
The notes will mature on September 1, 2031, and will pay interest semi-annually starting in March 2025.
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