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Silvergate Bank Grants $ 100 Million Line of Credit to Mining Company Marathon Digital By Cointelegraph

Marathon Digital Holdings, a US-based cryptocurrency mining company, secured a $ 100 million revolving line of credit with Silvergate Bank using USD and.

According to information provided by Marathon Digital, the mining company got the crypto-friendly bank’s $ 100 million line of credit on Friday. The business will use the credit to buy Bitcoin (BTC) mining equipment and finance its mining operations. Marathon Digital said it expects Silvergate to renew the revolving line of credit every year after the initial one-year agreement.

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