Along side production and miner installation updates for September, Marathon Digital (NASDAQ:MARA) announced a new $100M revolving line of credit with Silvergate Bank, provider of innovative financial infrastructure solutions and services for the growing digital currency industry. The line of credit will be initially available for one year and may be renewed annually by agreement between Silvergate Bank and Marathon. As of Oct.1, the company produced 1,252.4 new mined bitcoins during Q3 (+91% Q/Q); September marked 340.6 new minted bitcoins thus increasing total bitcoin holdings to ~7,035 with a fair market value of ~$336.3M. Cash on hand stood at ~$32.9M and total liquidity, defined as cash and bitcoin holdings, was ~$369.1M. The company received ~26,960 top-tier ASIC miners from Bitmain YTD with an additional 8,459 ASIC miners currently in transit. Existing mining fleet consists of 25,272 active miners producing ~2.7 EH/s; as of Oct. 1, 2021, Marathon's mining fleet has produced ~2,098 newly
