Long Ridge deal funding and assumed debt
Company: Marathon Digital
The claim, verbatim
MARA is funding the Long Ridge deal with Bitcoin-backed debt and by assuming Long Ridge's balance sheet, including about $900 million of its debt.
Source (primary)
Is Now The Right Time For MARA Stock? - Trefis (-, news_article)
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Quote: “MARA is paying for the deal using Bitcoin-backed debt and by taking on Long Ridge's balance sheet, including about $900 million of its debt.”
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Additional evidence
confirms Is Now The Right Time For MARA Stock? - Trefis
Quote: “MARA is paying for the deal using Bitcoin-backed debt and by taking on Long Ridge's balance sheet, including about $900 million of its debt.”