Marathon said that on March 8, the term loan prepayment was completed, and the company’s credit facilities with Silvergate Bank were terminated, reducing its debt by $50 million, according to a statement. The debt paydown also increased its unrestricted bitcoin holdings by 3,132 as the bitcoin that was being held as collateral by a third-party custodian, were returned to the miner, the statement said.
Source: https://www.coindesk.com/business/2023/03/08/bitcoin-miner-marathon-digital-terminates-credit-facility-with-crypto-bank-silvergate/?utm_medium=referral&utm_source=rss&utm_campaign=headlines