Bitcoin Miner Marathon Digital Pays Off $30M Silvergate Revolving Credit
Marathon Digital (MARA) fully paid off $30 million in revolver loans during December, freeing up 3,615 bitcoin (BTC) that had been pledged as collateral, according to its monthly update.
MicroStrategy, Marathon Digital Shares Fall Amidst Crypto Bank Silvergate’s Woes
The stocks of business software company MicroStrategy (MSTR) and bitcoin miner Marathon Digital (MARA) fell close to 5% on Thursday after their lender Silvergate's (SI) shares plunged more than 40% amid large-scale layoffs and a near $200 million write-off related to acquisition of Facebook's former stablecoin project Diem.
Bitcoin Miner Marathon Closes 2022 With $103.7 Million Cash After Paying Down Debt
Bitcoin miner Marathon Digital said that it paid down its revolver borrowings last month, freeing up bitcoin held as collateral and bringing its unrestricted holdings from 4,200 to 7,815 BTC.
Marathon Digital Considers Acquiring Compute North (Report)
One of the largest cryptocurrency miners – Marathon Digital – has reportedly hired restructuring specialists to clarify its exposure to the troubled data center Compute North Holdings.
