Silvergate Bank issues $100M credit line to mining firm Marathon Digital

by Aurelia Butler 4 October 2021, 18:40 119 Views

According to information provided by Marathon Digital, the mining firm obtained the $100 million credit line from the crypto-friendly bank on Friday. The company will use the credit to purchase Bitcoin (BTC) mining equipment and fund its mining operations. Marathon Digital said it expects Silvergate to renew the revolving line of credit annually after the initial one-year arrangement.

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Source: Cryptocurrency - investing.com

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Silvergate Bank issues $100M credit line to mining firm Marathon Digital

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