Contingent draw fee refund condition
Company: Marathon Digital
What the later record shows
Outcome not yet confirmed
Later filings only repeat the refund condition. No passage says whether the $50 million Delayed Draw was borrowed by November 25, 2022, or whether the fee was refunded. The term loan was later prepaid and terminated in 2023.
“This Contingent Draw Fee will be refunded to the Company if it borrows the Delayed Draw by no later than November 25, 2022.”
2023-03-15 · Marathon Digital 10-K filed 2023-03-16 View cached copy (2026-09-13)Live source ↗
“On February 6, 2023, the Company provided Silvergate Bank with the required 30-day notice stating the Company’s intent to prepay the outstanding balance on its term loan facility”
2023-08-07 · Marathon Digital 10-Q filed 2023-08-08 View cached copy (2026-09-13)Live source ↗
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
The contingent draw fee of $250,000 will be refunded to Marathon Digital if it borrows the delayed draw by November 25, 2022
Source (primary)
Marathon Digital 8-K filed 2022-08-03 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “This Contingent Draw Fee will be refunded to the Company if it borrows the Delayed Draw by no later than November 25, 2022.”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 8-K sets a $250,000 Contingent Draw Fee and says it will be refunded to the Company if it borrows the Delayed Draw by no later than November 25, 2022.
Confirmed in the source:
- The term loan carries a contingent draw fee of $250,000
- The contingent draw fee will be refunded to Marathon Digital Holdings if it borrows the Delayed Draw by no later than November 25, 2022
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: “This Contingent Draw Fee will be refunded to the Company if it borrows the Delayed Draw by no later than November 25, 2022.”