MARA Pledges 18,750 BTC to Secure $600 Million in New Loans for Energy and AI Infrastructure Expansion According to The Energy Mag, MARA completed two loans with Coinbase Credit and Two Prime Lending on Aug. 4, pledging 18,750 BTC worth about $1.2 billion to secure $600 million new funding. The facilities have a principal of $750 million, including a $450 million Coinbase loan refinancing an existing $150 million credit line, resulting in $300 million of new funding from Coinbase, while Two Prime provided $300 million. The Coinbase facility carries an interest rate of about 7.5%, while the Two Prime loan has a fixed rate of 7.65%, with both maturing in 2028. MARA said the proceeds will be used for general corporate purposes, including energy asset acquisitions and expansion of Bitcoin mining, AI and high-performance computing infrastructure.

MARA Pledges 18,750 BTC to Secure $600 Million in New Loans for Energy and AI Infrastructure Expansion According to The Energy Mag, MARA completed two loans with Coinbase Credit and Two Prime Lending on Aug. 4, pledging 18,750 BTC worth about $1.2 billion to secure $600 million new funding. The facilities have a principal of $750 million, including a $450 million Coinbase loan refinancing an existing $150 million credit line, resulting in $300 million of new funding from Coinbase, while Two Prime provided $300 million. The Coinbase facility carries an interest rate of about 7.5%, while the Two Prime loan has a fixed rate of 7.65%, with both maturing in 2028. MARA said the proceeds will be used for general corporate purposes, including energy asset acquisitions and expansion of Bitcoin mining, AI and high-performance computing infrastructure.

Source:https://x.com/WuBlockchain/status/2086350320498843708