Silvergate Bank issues $100M credit line to mining firm Marathon Digital By Cointelegraph
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Marathon Digital Holdings is a crypto-mining company based in the United States. It has obtained a $100,000,000 revolving credit line with Silvergate Bank. The USD and.
Marathon Digital reports that the mining company was listed among their clients. ObtainedOn Friday, the bank announced a $100 million credit limit. It will use this credit to purchase Bitcoin.BTCIt also funds its mining operations and mining equipment. Marathon Digital stated that it expected Silvergate to renew its revolving credit every year after the original one-year agreement.
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