MARA Lines Up $600M Bitcoin-Backed Credit to Fund AI and Energy Expansion
AI Market Summary
MARA raised $600m via credit facilities with Coinbase and Two Prime, secured by 18,750 BTC, to fund a power-generation acquisition and expand capacity toward 2 GW for mining and AI/HPC. With over 50% of its Bitcoin treasury now pledged, the news underscores BTC's increasing use as corporate collateral while also highlighting added encumbrance and counterparty exposure within the crypto-financing stack.
Impact level
● Medium
Affected assets
BTC/USDT+0.05%
AI Insight · BTC/USDTAI Insight
● Neutral
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MARA Holdings has secured $600 million in credit facilities from Coinbase and Two Prime, backed by 18,750 BTC valued at about $1.2 billion.
The company said the financing will support its Long Ridge power generation acquisition and help expand capacity toward 2 GW to serve Bitcoin mining as well as AI/HPC workloads.
With the new facilities, MARA has pledged more than half of its Bitcoin treasury as collateral, underscoring the growing use of BTC as security in large-scale corporate financing.
