Master Securities Loan Agreement with NYDIG for Bitcoin
Company: Marathon Digital
The claim, verbatim
Marathon Digital entered into a Master Securities Loan Agreement with NYDIG Funding, LLC effective August 27, 2021, whereby the company loans Bitcoin at 3% per annum interest (accruing daily, payable monthly). The collateral requirement is 100% of the market value of loaned Bitcoin, the company retains recall rights, and as of August 27, 2021, the company loaned 300 BTC.
Source (primary)
Marathon Digital 8-K filed 2021-09-02 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On August 27, 2021, Marathon Digital Holdings, Inc. (the "Company") entered into a 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. Interest accrues daily and is payable on a monthly basis. The Agreement provides that the Company may recall its BTC at any time. NYDIG shall, prior to or concurrently with the transfer of the of the BTC to NYDIG, but in no case later than the close of business on the day of such transfer, transfer to the Company collateral with a market value at least equal to 100% of the market value of the loaned BTC... As of August 27, 2021, the Company loaned 300 BTC to NYDIG.”
How we checked this
Additional evidence
confirms Marathon Digital 8-K filed 2021-09-02
Quote: “On August 27, 2021, Marathon Digital Holdings, Inc. (the "Company") entered into a 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. Interest accrues daily and is payable on a monthly basis. The Agreement provides that the Company may recall its BTC at any time. NYDIG shall, prior to or concurrently with the transfer of the of the BTC to NYDIG, but in no case later than the close of business on the day of such transfer, transfer to the Company collateral with a market value at least equal to 100% of the market value of the loaned BTC... As of August 27, 2021, the Company loaned 300 BTC to NYDIG.”