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Last month, MARA was able to raise$1 billionin convertible debts—a financial instrument where investors can convert debt into equity—with zero interest.

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"We view our strategic reserve as a dynamic financial asset that can be actively managed to drive returns well beyond simple price appreciation," Genoot told CoinDesk."Together with the significant investments we are making to expand our core operating business—with a clear path to 24 EH/s of self-mining capacity by Q2 2025—strategic Bitcoin purchases in the open market can strengthen our balance sheet and ability to invest thoughtfully in growth," he said.Shares of Hut 8 have risen 74% this year, while CoinShares Valkyrie Bitcoin Miners ETF (WGMI) climbed 28%.Aoyon Ashraf is CoinDesk's managing editor for Breaking News.

He spent almost a decade at Bloomberg covering equities, commodities and tech.

Prior to that, he spent several years on the sellside, financing small-cap companies.

zippia com for indians step by step ✌️【365vc.net】✌️Start at ₹500, enjoy reliable and high monthly returns. Your financial growth starts here!Aoyon graduated from University of Toronto with a degree in mining engineering.

He holds ETH and BTC, as well as ALGO, ADA, SOL, OP and some other altcoins which are below CoinDesk's disclosure threshold of $1,000.zippia com for indians step by step Secure Investments: Watch Your Money Grow

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