Bitcoin mining company Marathon Digital HoldingsX announced that the company has reached a share purchase agreement with investors to sell 15,000 Series A redeemable convertible preferred shares through private placement. The purchase price per share was $952.38, representing an original offering discount of approximately 5% to the par value of $1,000 per share. H.C. Wainwright & Co. will act as the exclusive placement agent. The total net proceeds from the offering, net of placement agent fees and other estimated offering expenses, are expected to be approximately $14.25 million. The offering is expected to close on or about June 8, subject to the satisfaction of customary closing conditions.