NYDIG bitcoin lending agreement
Company: Marathon Digital
The claim, verbatim
August 27, 2021 Master Securities Loan Agreement with NYDIG Funding LLC to loan bitcoin at 3% per annum with daily accrual and monthly payment, Company right to recall bitcoin at any time, NYDIG providing collateral equal to 100% of loaned bitcoin value. As of August 27, 2021 company loaned 300 BTC.
Source (primary)
Marathon Digital 10-K filed 2022-03-10 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “Master Securities Loan Agreement (the "Agreement") with NYDIG Funding, LLC ("NYDIG"). Pursuant to the Agreement, the Company will loan its bitcoin ("BTC") to NYDIG with an interest rate of three percent (3%) per annum... As of August 27, 2021, the Company loaned 300 BTC to NYDIG.”
How we checked this
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Additional evidence
confirms Marathon Digital 10-K filed 2022-03-10
Quote: “Master Securities Loan Agreement (the "Agreement") with NYDIG Funding, LLC ("NYDIG"). Pursuant to the Agreement, the Company will loan its bitcoin ("BTC") to NYDIG with an interest rate of three percent (3%) per annum... As of August 27, 2021, the Company loaned 300 BTC to NYDIG.”