Share this article
Bitcoin Miner Marathon Says It Still Has Access to $142M at Signature Bank
Marathon terminated a credit facility with Silvergate last week.
Updated May 9, 2023, 4:10 a.m. Published Mar 13, 2023, 2:17 p.m.
Bitcoin mining firm Marathon Digital Holdings (MARA) said it still has access to $142 million in cash deposits at Signature Bank, which was shut down by New York regulators on Sunday.
Signature was the third bank with ties to the crypto industry to collapse in one week, after Silvergate Bank's voluntary liquidation and Silicon Valley Bank's shutdown by California and federal regulators.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
Marathon "has access to its funds for treasury management purposes and is paying all invoices in the normal course of business," it said in a Monday statement. It also holds more than 11,000 bitcoin, giving it "financial optionality that extends beyond the traditional banking system."
The miner had been winding down its debt obligations to Silvergate since January, and terminated a credit facility last week, reducing its debt by $50 million.
MARA, one of the largest bitcoin miners in the world, was up about 9% on early morning trading on the Nasdaq, as bitcoin edged closer to $23,000.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
From Wall Street to the World Cup: How Football Became Crypto’s Biggest Gateway Drug
As institutions are laying the groundwork for wider crypto adoption from the top down, it’s being met by rising interest from football fans from the ground up.
Top Stories
