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MARA borrows $600M using 18,750 BTC as collateral to fund energy and AI expansion plans.

Market News
09 Aug 2026, 13:21 WIB
Crypto news
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Neutral
MARA borrows $600M using 18,750 BTC as collateral to fund energy and AI expansion plans.

MARA Holdings secured $600 million in new loans by pledging 18,750 Bitcoin valued at about $1.2 billion as collateral. The financing came from Coinbase Credit and Two Prime Lending, with rates around 7.5-7.65%, maturing in 2028. MARA plans to use the funds to support its acquisition of Long Ridge Energy & Power and expand into energy, Bitcoin mining, AI, and high-performance computing. This move increases liquidity but also adds margin risk if Bitcoin prices fall, as MARA must maintain collateral ratios or face potential liquidation of pledged BTC.

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