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Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate

Altszn.com by Altszn.com
March 8, 2023
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Bitcoin Miner Marathon Digital Terminates Credit Facility With Crypto Bank Silvergate
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Marathon said that on March 8, the term loan prepayment was completed, and the company’s credit facilities with Silvergate Bank were terminated, reducing its debt by $50 million, according to a statement. The debt paydown also increased its unrestricted bitcoin holdings by 3,132 as the bitcoin that was being held as collateral by a third-party custodian, were returned to the miner, the statement said.

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Read More: www.coindesk.com

Tags: bankBitcoinBTCCreditCryptodigitalFacilityMarathonMinerSilvergateTERMINATES
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