$750M BTC-collateralized borrowing to fund Long Ridge
Company: Marathon Digital - Project: Long Ridge
The claim, verbatim
During the quarter MARA entered into $750.0 million of Bitcoin-collateralized borrowings ($600.0M new, $150.0M refinancing) to fund the Long Ridge acquisition.
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: “we entered into $750.0 million of Bitcoin-collateralized borrowings, consisting of $600.0 million of new capital and $150.0 million that refinanced an existing facility, to fund the Long Ridge acquisition”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The letter's capital allocation section states the total, the split between new capital and refinancing, and the Long Ridge purpose.
Confirmed in the source:
- During the quarter, MARA entered into $750.0 million of Bitcoin-collateralized borrowings.
- The borrowings consisted of $600.0 million of new capital and $150.0 million that refinanced an existing facility.
- The borrowings were made to fund the Long Ridge acquisition.
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: “we entered into $750.0 million of Bitcoin-collateralized borrowings, consisting of $600.0 million of new capital and $150.0 million that refinanced an existing facility, to fund the Long Ridge acquisition”