Marathon Leverages Borrowed Funds for Direct BTC Purchases, Skipping Mining

Marathon Digital, among others, has chosen to use borrowed funds for direct Bitcoin acquisitions, bypassing the lengthy mining process. Over the past 2 months, the company invested more than $615 mln in direct BTC purchases. This alternative approach allows rapid reserve growth and agile market response.

Around 40% of these funds were deployed during low-volatility periods, boosting average returns by 3–4%. Analysts speculate that by year-end, up to 15% of miners may partially adopt this strategy.

Overall, this trend signals a rethinking of mining’s role and opens the door to more flexible asset-reserve tactics in a volatile market environment.