Marathon reports $80M exposure to bankrupt mining firm By Cointelegraph
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Marathon reports $80M exposure to bankrupt mining firm (BTC) miner Marathon Digital Holdings has revealed $81.3 million worth of exposure to recently bankrupted mining hosting provider Compute North.
Marathon provided a breakdown of its exposure on Oct. 6 explaining the majority was in operating deposits worth $50 million, noting these deposits “were primarily related to King Mountain and Wolf Hollow security deposits and prepayments associated with the ongoing operation of those sites.”
Marathon’s recent performance
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Marathon reports $80M exposure to bankrupt mining firm (BTC) miner Marathon Digital Holdings has revealed $81.3 million worth of exposure to recently bankrupted mining hosting provider Compute North.
Marathon provided a breakdown of its exposure on Oct. 6 explaining the majority was in operating deposits worth $50 million, noting these deposits “were primarily related to King Mountain and Wolf Hollow security deposits and prepayments associated with the ongoing operation of those sites.”
Marathon’s recent performance
Continue Reading on Coin Telegraph
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