Bitcoin Miner Marathon Digital Pays Off Silvergate Revolving Credit

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Bitcoin Miner Marathon Digital Pays Off Silvergate Revolving Credit
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Bitcoin miner MarathonDH in December paid down $30 million from a revolving line of credit from silvergatebank. $MARA $SI egreechee reports

Marathon's unrestricted bitcoin holdings are now 7,815 , and total bitcoin holdings – after production of 475 bitcoin in December – are up to 12,232. Unrestricted bitcoin holdings on Nov. 9 had been just 1,950. Marathon has repeatedly hinted at its intentions toThe company as of Jan. 1 had an operating mining fleet of 69,000 rigs with hashrate, or computing power, of 7 exahash/second .

Silvergate had previously lent funds to Marathon through two different debt instruments. One is the revolving credit facility, which Marathon reduced from $30 million Nov. 30 to zero by year-end, that was

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