MARA Dumped 91% of Its Q2 Mining Output, Then Staked 18,750 BTC on an AI Data-Center Bet It Won’t Fully Explain
MARA Holdings sold 91% of its second-quarter Bitcoin mining output and then leveraged 18,750 BTC as collateral for new debt to fund the purchase of a power generation site for AI workloads. The company secured $750 million in loans from Coinbase and Two Prime, but the exact amount of unrestricted Bitcoin remaining and the liquidation price are not disclosed, creating significant financial risk.
- Entities
- Company: MARA Holdings
- Topic: Artificial Intelligence
- Company: Coinbase
- Company: Two Prime
- Topic: Financial Leverage
- Topic: Data Centers
- Game: Bitcoin
- Topic: Cryptocurrency Mining
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