Silvergate Bank issues $100M credit line to mining firm Marathon Digital By Cointelegraph
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.
Fusion MediaFusion Media or any other person involved in the website will not be held responsible for any loss or damage resulting from reliance on this information, including charts, buy/sell signals, and data. Trading the financial markets is one of most risky investment options. Please make sure you are fully aware about the costs and risks involved.