Share this article

Marathon Doubles Loan Borrowing Capacity to $200M as Mining Rigs Sit Idle

The firm doubled its credit from Silvergate Bank even as Marathon's operations are facing severe downtime and delays.

Updated May 11, 2023, 5:34 p.m. Published Aug 2, 2022, 2:37 a.m.
Marathon Digital Holdings CEO Fred Thiel at the Bitcoin 2022 conference in Miami. (CoinDesk archives)
Marathon Digital Holdings CEO Fred Thiel at the Bitcoin 2022 conference in Miami. (CoinDesk archives)