(Provides main points from 1/3 bullet.)

  • Marathon Virtual Holdings stated it terminated its mortgage with Silvergate Financial institution.
  • Silvergate Financial institution waived the prepayment fee and the specified 90-day understand length
  • Marathon stated the prepayment diminished its debt via $50 million
  • Greater its unrestricted bitcoin holdings via 3,132 BTC, because the bitcoin that used to be being held as collateral via a third-party custodian have been returned
  • Additionally reduces annual money pastime prices and facility charges via roughly $5 million


  • Silvergate Plans to Wind Down Financial institution Operations and Liquidate
  • Marathon Virtual Holdings Inc. fell 0.8% in postmarket buying and selling to $6.13 as of five:22 p.m. New …

Supply Via https://information.bloomberglaw.com/crypto/marathon-digital-holdings-terminates-silvergate-bank-loan-1