Marathon mentioned that on March 8, the time period mortgage prepayment was accomplished, and the corporate’s credit score amenities with Silvergate Financial institution had been terminated, lowering its debt by $50 million, in response to an announcement. The debt paydown additionally elevated its unrestricted bitcoin holdings by 3,132 because the bitcoin that was being held as collateral by a third-party custodian, had been returned to the miner, the assertion mentioned.
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Bitcoin Miner Marathon Digital Terminates Credit score Facility With Crypto Financial institution Silvergate
