Term loan facility with Silvergate Bank
Company: Marathon Digital
The claim, verbatim
Marathon Digital entered into a Term Credit and Security Agreement with Silvergate Bank for up to $100,000,000, with $50,000,000 available at closing and $50,000,000 as a delayed draw
Source (primary)
Marathon Digital 8-K filed 2022-08-03 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Company entered into a Term Credit and Security Agreement ("Term Loan Agreement") and Term Credit Note with the Bank with the following terms: Initial Term: Termination is on August 5, 2024. Availability: Up to $100,000,000.00 with $50,000,000.00 to be made as of the Closing Date (the "Initial Draw"), and $50,000,000.00 to be made, at Borrower's request, on or before April 25, 2023 (the "Delayed Draw")”
How we checked this
This claim has not yet been checked assertion-by-assertion against its source. It carries a cited source and quote, but the deeper check has not run. When it does, the result appears here whatever it says.
Additional evidence
confirms Marathon Digital 8-K filed 2022-08-03
Quote: “the Company entered into a Term Credit and Security Agreement ("Term Loan Agreement") and Term Credit Note with the Bank with the following terms: Initial Term: Termination is on August 5, 2024. Availability: Up to $100,000,000.00 with $50,000,000.00 to be made as of the Closing Date (the "Initial Draw"), and $50,000,000.00 to be made, at Borrower's request, on or before April 25, 2023 (the "Delayed Draw")”