$100M letter of credit for Matagorda interconnection deposit
Company: Marathon Digital - Project: Matagorda County
The claim, verbatim
After quarter-end, MARA obtained a $100.0 million letter of credit for the Matagorda interconnection study deposit.
Source (primary)
marathon-digital 8-K exhibit (q326shareholderletter.htm) (SEC EDGAR (8-K Ex), press_release)
View cached copy (2026-11-10)Live source ↗
Quote: “After quarter- end, we obtained a $100.0 million letter of credit for the interconnection study deposit.”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The letter reports the $100.0 million letter of credit and its purpose in its discussion of the Matagorda site.
Confirmed in the source:
- After quarter-end, MARA obtained a $100.0 million letter of credit
- The letter of credit was for the interconnection study deposit relating to the Matagorda site
What we did: Read our cached copy of SEC EDGAR (8-K Ex) (https://www.sec.gov/Archives/edgar/data/1507605/000150760526000026/q326shareholderletter.htm) in full (43,591 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms marathon-digital 8-K exhibit (q326shareholderletter.htm)
Quote: “After quarter- end, we obtained a $100.0 million letter of credit for the interconnection study deposit.”