The chart of #Marathon Digital’s stock #perfectly illustrates the price action across the industry, with a tall candle in January, followed by small moves in the next couple of months.

#Marathon also confirmed that it has access to its funds for treasury management purposes, and is conducting its usual #business transactions and #paying all invoices as usual.

In a statement following the closure of #New #York’s #Signature #Bank, #Marathon disclosed that it has approximately $142 million in cash deposits at Signature #Bridge Bank.

#Crypto mining firm #Marathon #Digital #Holdings has assured investors that the firm’s cash deposits at #Signature #Bank are secure and available for use as of March 13.

#Marathon also #confirmed that it has access to its funds for treasury management purposes

#Marathon is the second-biggest publicly listed holder of #Bitcoin, according to CoinGecko, beaten only by software analytics company #MicroStrategy.

According to a prior filing, #Marathon secured the $100 million revolving credit facility with #Silvergate #Bank in October 2021 and intended to use it to purchase #Bitcoin mining equipment and fund its mining operations.

#Marathon chief financial officer #Hugh #Gallagher noted that the #crypto “industry has significantly changed” since the firm had opened the lending facilities with #Silvergate last summer, 

Cointelegraph reached out to #Marathon #Digital to understand whether the timing of the announcement had anything to do with the #bank’s most recent development.

The announcement from #Marathon came less than an hour after #Silvergate #Bank’s holding #company — Silvergate Capital Corporation

#Marathon announced on March 8 that it had prepaid its outstanding loan balance earlier that day and would be terminating the revolving line of credit facility between the firms after providing #Silvergate #Bank with the required 30-day notice in early February.

#Bitcoin mining firm #Marathon #Digital has paid off its term loan and terminated its credit facilities with #Silvergate #Bank, 

The decision to end its loan facilities with #Silvergate #Bank follows a shift in #Marathon’s long-term #financial strategy to build liquidity.

The decision to end its loan facilities with #Silvergate #Bank follows a shift in #Marathon’s long-term #financial strategy to build liquidity.

#Bitcoin mining firm #Marathon #Digital has paid off its term loan and terminated its credit facilities with #Silvergate #Bank, 

#Marathon announced on March 8 that it had prepaid its outstanding loan balance earlier that day and would be terminating the revolving line of credit facility between the firms after providing #Silvergate #Bank with the required 30-day notice in early February.

The announcement from #Marathon came less than an hour after #Silvergate #Bank’s holding #company — Silvergate Capital Corporation

Cointelegraph reached out to #Marathon #Digital to understand whether the timing of the announcement had anything to do with the #bank’s most recent development.

#Marathon chief financial officer #Hugh #Gallagher noted that the #crypto “industry has significantly changed” since the firm had opened the lending facilities with #Silvergate last summer, 

According to a prior filing, #Marathon secured the $100 million revolving credit facility with #Silvergate #Bank in October 2021 and intended to use it to purchase #Bitcoin mining equipment and fund its mining operations.

#Marathon is the second-biggest publicly listed holder of #Bitcoin, according to CoinGecko, beaten only by software analytics company #MicroStrategy.

The decision to end its loan facilities with #Silvergate #Bank follows a shift in #Marathon’s long-term #financial strategy to build liquidity.

#Bitcoin mining firm #Marathon #Digital has paid off its term loan and terminated its credit facilities with #Silvergate #Bank, 

#Marathon announced on March 8 that it had prepaid its outstanding loan balance earlier that day and would be terminating the revolving line of credit facility between the firms after providing #Silvergate #Bank with the required 30-day notice in early February.

The announcement from #Marathon came less than an hour after #Silvergate #Bank’s holding #company — Silvergate Capital Corporation

Cointelegraph reached out to #Marathon #Digital to understand whether the timing of the announcement had anything to do with the #bank’s most recent development.

#Marathon chief financial officer #Hugh #Gallagher noted that the #crypto “industry has significantly changed” since the firm had opened the lending facilities with #Silvergate last summer, 

According to a prior filing, #Marathon secured the $100 million revolving credit facility with #Silvergate #Bank in October 2021 and intended to use it to purchase #Bitcoin mining equipment and fund its mining operations.

#Marathon is the second-biggest publicly listed holder of #Bitcoin, according to CoinGecko, beaten only by software analytics company #MicroStrategy.

The decision to end its loan facilities with #Silvergate #Bank follows a shift in #Marathon’s long-term #financial strategy to build liquidity.

#Bitcoin mining firm #Marathon #Digital has paid off its term loan and terminated its credit facilities with #Silvergate #Bank, 

#Marathon announced on March 8 that it had prepaid its outstanding loan balance earlier that day and would be terminating the revolving line of credit facility between the firms after providing #Silvergate #Bank with the required 30-day notice in early February.

The announcement from #Marathon came less than an hour after #Silvergate #Bank’s holding #company — Silvergate Capital Corporation

Cointelegraph reached out to #Marathon #Digital to understand whether the timing of the announcement had anything to do with the #bank’s most recent development.

#Marathon chief financial officer #Hugh #Gallagher noted that the #crypto “industry has significantly changed” since the firm had opened the lending facilities with #Silvergate last summer, 

According to a prior filing, #Marathon secured the $100 million revolving credit facility with #Silvergate #Bank in October 2021 and intended to use it to purchase #Bitcoin mining equipment and fund its mining operations.

#Marathon is the second-biggest publicly listed holder of #Bitcoin, according to CoinGecko, beaten only by software analytics company #MicroStrategy.

The decision to end its loan facilities with #Silvergate #Bank follows a shift in #Marathon’s long-term #financial strategy to build liquidity.

#Bitcoin mining firm #Marathon #Digital has paid off its term loan and terminated its credit facilities with #Silvergate #Bank, 

#Marathon announced on March 8 that it had prepaid its outstanding loan balance earlier that day and would be terminating the revolving line of credit facility between the firms after providing #Silvergate #Bank with the required 30-day notice in early February.