Marathon Digital Holdings, Inc. (MARA), a leading Bitcoin mining company in North America, has announced that it has obtained a $200 million loan from an undisclosed financial institution, secured by the company’s Bitcoin (BTC) holdings. This recent financing adds to the $300 million loan Marathon Digital received in August 2022 through the issuance of senior convertible notes. The company utilized the proceeds from the August loan to purchase 4,144 BTC, bringing its total Bitcoin holdings to 10,250 BTC. Marathon Digital is one of the largest publicly traded Bitcoin mining companies in the world, with a current hash rate capacity of approximately 3.2 EH/s. The company’s operations are primarily located in the United States, with a focus on sustainable and efficient mining practices.
Marathon Digital Secures $200 Million Loan Backed by Bitcoin Collateral
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