MARA Pledges 18,750 BTC to Secure $600 Million in New Loans for Energy and AI Infrastructure Expansion According to The Energy Mag, MARA completed two loans with Coinbase Credit and Two Prime Lending on Aug. 4, pledging 18,750 BTC worth about $1.2 billion to secure $600 million

What happened

MARA pledged 18,750 Bitcoin, valued at roughly $1.2 billion, as collateral to obtain $600 million in new loans from Coinbase Credit and Two Prime Lending for expanding its energy and AI infrastructure.

Confirmed

Global impact / market context

The loan gives MARA funding to grow power‑intensive mining and AI data‑center capacity without selling Bitcoin, which could boost future revenue and reduce reliance on market price movements.

Analyst inference

Crypto miners are seeking debt financing to scale operations as Bitcoin prices fluctuate, while lenders view mining assets as collateral that can generate steady cash flow from energy‑intensive projects.

Analyst inference

What to watch

1. Whether MARA can deploy the loan proceeds quickly to build new mining and AI facilities, which would affect its production capacity and cash flow. Analyst inference
2. The performance of Bitcoin’s price, because higher prices improve the value of the pledged collateral and the profitability of the new infrastructure. Analyst inference
3. Any changes in lending terms from Coinbase Credit or Two Prime Lending, such as interest rates or covenants, that could impact MARA’s financing costs. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• x.com