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Bitcoin Miner Marathon Digital Pays Off $30M Silvergate Revolving Credit

Marathon Digital (MARA) fully paid off $30 million in revolver loans during December, freeing up 3,615 bitcoin (BTC) that had been pledged as collateral, according to its monthly update.

The Marathon move is the latest in a series of similar actions from bitcoin miners to reduce their debt obligations through payments or restructurings as the bear market continues to take a toll on the industry.

Bitcoin Miner Marathon Digital
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