$600M BTC-backed credit facilities to fund Long Ridge
Company: Marathon Digital
The claim, verbatim
MARA pledged 18,750 BTC to secure $600 million in new borrowing from Coinbase Credit and Two Prime, and said proceeds could fund part of the cash consideration for the Long Ridge acquisition.
Source (primary)
Is MARA preparing another Bitcoin sale after moving 1,000 BTC? - Crypto News (-, news_article)
View cached copy (2026-10-19)Live source ↗Archive.org ↗
Quote: “MARA said the proceeds could support general corporate purposes, including part of the cash consideration for its planned acquisition of Long Ridge Energy & Power.”
How we checked this
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Additional evidence
confirms Is MARA preparing another Bitcoin sale after moving 1,000 BTC? - Crypto News
Quote: “MARA said the proceeds could support general corporate purposes, including part of the cash consideration for its planned acquisition of Long Ridge Energy & Power.”