. We'll translate each paragraph.
First paragraph: "MARA, one of the largest publicly traded bitcoin miners, has secured $600 million in loans backed by its own bitcoin. The company pledged 18,750 BTC as collateral, money it plans to spend on AI and energy projects. It's a bet that could broaden the miner's revenue, but it also leaves a big pile of coins on the line."
Translation: "MARA, jeden z największych notowanych publicznie górników bitcoinów, zabezpieczył pożyczki o wartości 600 mln USD, zabezpieczone własnym bitcoinem. Firma zastawiła 18 750 BTC jako zabezpieczenie, pieniądze, które planuje wydać na projekty AI i energetyczne. To zakład, który może poszerzyć przychody górnika, ale pozostawia też dużą stertę monet na szali."
We need to be careful: "bitcoin miners" -> "górnicy bitcoinów" or "koparki bitcoinów"? Actually, "górnicy bitcoinów" is fine. "publicly traded" -> "notowanych publicznie" (listed on stock exchange). "secured" -> "zabezpieczył" (secured) but it means obtained, so "uzyskał" might be better. "has secured $600 million in loans" -> "uzyskał pożyczki o wartości 600 mln USD" or "zabezpieczył pożyczki" but "secured" here means obtained, so "uzyskał" is better. Also "backed by its own bitcoin" -> "zabezpieczone własnym bitcoinem" (backed by its own bitcoin). "pledged" -> "zastawił" (pledged as collateral). "collateral" -> "zabezpieczenie" or "zastaw". "money it plans to spend" -> "pieniądze, które planuje wydać". "AI and energy projects" -> "projekty AI i energetyczne". "It's a bet" -> "To zakład". "could broaden" -> "może poszerzyć". "miner's revenue" -> "przychody górnika". "leaves a big pile of coins on the line" -> "pozostawia też dużą stertę monet na szali" (idiomatic: "on the line" means at risk, so "na szali" is good).
Second paragraph: "
The loan structure
" -> "
Struktura pożyczki
" (or "Struktura pożyczek" if plural, but it's "The loan structure" so singular). Actually, it's about the loans, but we can say "Struktura pożyczek" because it's plural? The heading is singular, so "Struktura pożyczki" but since it's about the loans in general, we can say "Struktura pożyczek" but let's keep it consistent with original: "The loan structure" -> "Struktura pożyczki" (singular) because it refers to the structure of the loan (the deal). Actually, it's "The loan structure" meaning the structure of the loan(s). We'll use "Struktura pożyczek" if we want plural, but let's translate as "Struktura pożyczki" because it's a specific structure. I'll go with "Struktura pożyczek" because there are multiple loans? But the original says "The loan structure" - it's generic. In Polish, we can say "Struktura pożyczek" (plural) or "Struktura pożyczki" (singular). I'll use "Struktura pożyczek" to be safe, but maybe "Struktura pożyczki" is fine. Let's see: "The loans are backed by bitcoin" - so it's about loans. I'll use "Struktura pożyczek" because it's plural.
Now the paragraph: "The loans are backed by bitcoin, not by mining equipment or corporate assets. MARA put up 18,750 BTC, which at current prices is a hefty chunk of its treasury. The company hasn't said which lenders are involved, but the structure suggests a standard bitcoin-collateralized credit line, where the borrower can lose the coins if the price drops below a certain threshold."
Translation: "Pożyczki są zabezpieczone bitcoinem, a nie sprzętem górniczym czy aktywami korporacyjnymi. MARA wniosła 18 750 BTC, co przy obecnych cenach stanowi spory kawałek jej skarbca. Firma nie ujawniła, którzy pożyczkodawcy są zaangażowani, ale struktura sugeruje
