According to CoinMeta, Bitcoin mining company Mara completed two loans on August 4th, pledging 18,750 bitcoins to obtain $600 million in new debt, with the mortgaged assets valued at approximately $1.2 billion. The total loan principal amounts to $750 million, of which Coinbase Credit provided $450 million, including a refinancing of $150 million in credit lines and an additional $300 million provided by Two Prime Lending; both loans have been fully drawn down. The interest rate for the loan of Coinbase is the Federal Reserve's target interest rate plus 3.875 percentage points, with a term until August 4, 2028. The fixed interest rate for the loan of Two Prime is 7.65%, with a term until August 3, 2028. If the principal remains unchanged, the annual interest expense for both loans will be about $56.7 million. Mara stated that the loan funds will be used to acquire a portion of the cash consideration for Long Ridge Energy and Power LLC, with the transaction involving enterprises valued at approximately $1.5 billion. Long Ridge owns a 505-megawatt gas power plant and 1,600 acres of industrial land, and Mara plans to use it for power generation, Bitcoin mining, as well as for a high-performance computing park.