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Silvergate Bank Provides $100MM Revolving Line of Credit to Marathon Digital
Tuesday, October 5, 2021

Lenders/Participants Silvergate Bank [Lender]
Structure Revolving Line of Credit
Amount $100.000 Million
Borrower(s) Marathon Digital Holdings
Description On October 1, 2021, Marathon secured a $100 million revolving line of credit with Silvergate Bank. Under the terms of the agreement, Marathon may utilize the RLOC for general corporate purposes related to the Company’s bitcoin mining business, including but not limited to, the acquisition of bitcoin mining equipment. The RLOC, which is secured by bitcoin and USD, will be initially available for one year and may be renewed annually by agreement between Silvergate Bank and Marathon.
Industry Cryptocurrency
Related Tags Bitcoin, cryptocurrency

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