Marathon Digital Holdings Terminates Silvergate Credit Facilities, Increases Bitcoin Holdings

Marathon Digital Holdings Inc. (NASDAQ: MARA) terminated its credit facilities and repaid its term loan with Silvergate Captial Corp (NYSE: SI), resulting in a debt reduction of $50 million and an increase in unrestricted Bitcoin (CRYPTO: BTC) holdings by 3,132. The company provided Silvergate Bank with the required 30-day notice in February, stating its intent to prepay the outstanding balance on its term loan facility and terminate the term loan facility, according to a press release issued on Thursday.