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
Checked on September 22, 2026. The cited source supports every part of this claim.
The document states the Term Loan Agreement with the Bank provides up to $100,000,000, with $50,000,000 at closing and $50,000,000 as a delayed draw.
Confirmed in the source:
- Marathon Digital entered into a Term Credit and Security Agreement with Silvergate Bank
- The term facility is for up to $100,000,000
- $50,000,000 is available at closing (Initial Draw)
- $50,000,000 is available as a delayed draw
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315222021180/form8-k.htm) in full (10,260 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
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")”