ITEM 1.01 Entry into a Material Definitive Agreement
On August 27, 2021, Marathon Digital Holdings, Inc. (the "Company") entered into
a Master Securities Loan Agreement (the "Agreement") with NYDIG Funding, LLC
("NYDIG"). Pursuant to the Agreement, the Company will loan its bitcoin ("BTC")
to NYDIG with an interest rate of three percent (3%) per annum. Interest accrues
daily and is payable on a monthly basis. The Agreement provides that the Company
may recall its BTC at any time. NYDIG shall, prior to or concurrently with the
transfer of the of the BTC to NYDIG, but in no case later than the close of
business on the day of such transfer, transfer to the Company collateral with a
market value at least equal to 100% of the market value of the loaned BTC, and
the Company is granted a first priority lien on such collateral. As of August
27, 2021, the Company loaned 300 BTC to NYDIG.
ITEM 9.01 Exhibit
Exhibit 10.1 Master Securities Loan Agreement between the Company and NYDIG
Funding, LLC, dated August 27, 2021.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
document)
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