Credit line

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.

Continue reading on Coin Telegraph

Disclaimer: Fusion media would like to remind you that the data contained in this site is not necessarily real time or accurate. All CFDs (stocks, indices, futures) and Forex prices are not provided by the exchanges but rather by market makers. Therefore, the prices may not be exact and differ from the actual market price, which means that the prices are indicative and not suitable for trading purposes. Therefore, Fusion Media assumes no responsibility for any business losses that you may incur as a result of the use of such data.

Fusion media or anyone involved with Fusion Media will accept no responsibility for any loss or damage resulting from reliance on any information, including data, quotes, graphics and buy / sell signals contained in this website. Please be fully informed about the risks and costs associated with trading in the financial markets, it is one of the riskiest forms of investing possible.


Source link

Leave a Reply

Your email address will not be published. Required fields are marked *