Marathon Digital said it has access to $142 million in cash deposits held by Signature Bank, which was closed by state regulators on Sunday. 

The company said in a statement it has access to the funds for treasury management purposes and is paying all invoices in "the normal course of business."

Marathon also holds over 11,000 bitcoin, "which the company believes provides it financial optionality that extends beyond the traditional banking system."

Separately, Marathon confirmed that it had no direct business relationship with Silicon Valley Bank, which was shuttered by authorities on Friday.