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cryptoAug 9, 2026, 11:10 AM

MARA Pledges Over Half Its Bitcoin for $750M Loans to Fund Power Plant Buy

Marathon Digital has collateralized 18,750 BTC (~$1.2B) to secure $750 million in loans, partly to acquire a gas power plant in Ohio.

MARABTCUSD

Marathon Digital (MARA) has pledged more than half its bitcoin holdings as collateral for $750 million in loans. The collateral includes 18,750 BTC, valued at approximately $1.2 billion.

The proceeds will be used, among other things, to purchase the Long Ridge gas-fired power plant in Ohio. The move aims to expand Marathon's energy infrastructure for bitcoin mining.

The company has not disclosed full loan terms, but the pledge represents a significant portion of its bitcoin treasury.

Source: ForkLog