non-bank financial options

According to reports, Marathon Digital said that it could use the $142 million cash deposit held by Signature Bank, which was closed by state regulators on Sunday. These funds can be used for financial management purposes and all invoices can be paid in the normal course of business. Marathon also holds more than 11000 Bitcoins, which the company believes provides it with financial options beyond the traditional banking system. Marathon Digital: still holds more than 11000 Bitcoins Analysis based on this information:Marathon Digital, a company that mines Bitcoins and other cryptocurrencies, has stated that it plans to use a $142 million cash deposit held by Signature Bank, which was closed by state regulators on Sunday. The deposit was made by the company as security for a letter of credit, which in turn was required to cover potential losses due to fluctuations in Bitcoin prices. Marathon Digital has said that it intends to use the funds for financial management purposes and…