Marathon Digital Pays Off Term Loan, Cuts Credit Facilities With Silvergate

Marathon Digital Pays Off Term Loan, Cuts Credit Facilities With Silvergate


Bitcoinist
2023-03-09 08:42:01

Marathon Digital Holdings has announced the repayment of its term loan and the termination of its credit facilities with Silvergate Bank, resulting in a $50 million reduction of debt, according to a statement released on Wednesday. Hugh Gallagher, CFO of Marathon Digital, highlighted that the crypto market has “significantly changed” since last summer, when Marathon