Bitcoin Miner Marathon Virtual Terminates Credit score Facility With Crypto Financial institution Silvergate

Marathon mentioned that on March 8, the time period mortgage prepayment was once finished, and the corporate’s credit score amenities with Silvergate Financial institution have been terminated, decreasing its debt via $50 million, consistent with a observation. The debt paydown additionally higher its unrestricted bitcoin holdings via 3,132 because the bitcoin that was once being held as collateral via a third-party custodian, have been returned to the miner, the observation mentioned.