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Marathon Digital explores strategic growth with $200 million loan collateralized with Bitcoin

  • Bitcoin miner Marathon Digital Holdings secures a $200 million line of credit from an undisclosed lender.
  • The credit facility is backed by a portion of Marathon's Bitcoin holdings and will be used for strategic opportunities and general corporate initiatives.
  • Marathon aims to monetize its Bitcoin holdings without issuing additional shares, potentially for purchasing more Bitcoin or covering operating costs.
  • Marathon has ramped up its Bitcoin production, producing 705 BTC in September and aiming to expand its hash rate to 50 EH/s by year-end.

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