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Marathon Digital Holdings, Inc. (NASDAQ: MARA) is a leading company dedicated to securing and supporting the development of the Bitcoin ecosystem. By building one of the largest, most agile, and most sustainable bitcoin mining operations in the world, Marathon Digital aims to make Bitcoin more secure and widely adopted. The company primarily focuses on mining digital assets and operates within the Digital Currency Blockchain segment. Marathon Digital owns numerous cryptocurrency mining machines and a data center, all located in the United States.
With a professional and innovative approach, Marathon Digital Holdings is positioned as a significant player in the cryptocurrency sector. The company's strategic operations ensure the security of the blockchain and contribute to the broader adoption of Bitcoin. Marathon Digital's proactive participation in industry events highlights its commitment to staying at the forefront of the digital currency mining space.
Recent achievements include securing partnerships and expanding their mining operations. The company has been actively participating in various influential conferences such as the Bitcoin Policy Summit on April 9, 2024, in Washington D.C., the Blockchain Life 2024 on April 15-16, 2024, in Dubai, UAE, the AmCham Business Summit on April 24-25, 2024, in Nairobi, Kenya, and the AIM Summit London on April 29-30, 2024, in London, UK. These events spotlight Marathon Digital's influence and thought leadership in the industry.
MARA Holdings has completed its acquisition of a wind farm in Hansford County, Texas, featuring 240 megawatts of interconnection capacity and 114 megawatts of nameplate wind capacity. The company plans to utilize last-generation ASIC mining hardware at the site, extending the life of equipment that would have otherwise been written off.
The acquisition aligns with MARA's strategic transition from an asset-light to an asset-heavy business model. With this addition, MARA now owns and operates 136 megawatts of generating capacity. The company aims to achieve near net-zero operating costs by leveraging renewable resources that would have otherwise been curtailed, while reducing bitcoin production costs through vertical integration.
MARA Holdings (NASDAQ: MARA) has scheduled its Fourth Quarter and Fiscal Year 2024 financial results conference call for Wednesday, February 26, 2025, at 5:00 p.m. ET. The company will publish a shareholder letter containing financial results prior to the call, which will be available on their investor relations website.
Shareholders can participate by registering for the conference call and audio webcast. The company is implementing a Q&A platform where verified retail and institutional shareholders can submit and upvote questions between February 19 at 9:00 a.m. ET and February 25 at 9:00 a.m. ET. Selected questions will be addressed by management during the earnings call.
MARA Holdings has announced the postponement of its Special Meeting of Stockholders from February 11, 2025, to February 19, 2025, at 8:30 a.m. PST / 11:30 a.m. EST. The meeting will be held virtually via live webcast at web.lumiconnect.com/266814323.
The postponement aims to provide stockholders additional time to vote and facilitate broader participation. The record date remains unchanged at January 17, 2025. The Company's Board of Directors unanimously recommends voting FOR the proposals outlined in the proxy statement filed with the SEC on January 21, 2025.
Previously cast votes remain valid unless stockholders wish to change or revoke their prior proxy. Stockholders who haven't voted are urged to do so before the postponed meeting.
MARA reported its January 2025 bitcoin mining performance, showing a 12% month-over-month decrease in blocks won, with 218 blocks mined compared to December's 249. The company produced 750 BTC in January, averaging 24.2 BTC per day, down 13% from December's 27.9 BTC daily average.
The company maintained its energized hashrate at 53.2 EH/s, with no new miners added during January. Notable operational updates include the completion of converting over 230 containers to immersion cooling at Wolf Hollow, Texas, and near-completion of S21 Pro upgrades at the Kearney, Nebraska site. Transaction fees contributed 1.6% to total rewards, down from 2.7% in December.
MARA's share of available miner rewards was 5.1% in January, compared to 5.9% in December. The company continues to focus on fleet optimization and strategic enhancements, prioritizing near net zero cost energy solutions for future expansion.
WiSA Technologies has completed its acquisition of Data Vault Holdings' assets on December 31, 2024. The deal includes patent-protected acoustic and data technologies, featuring Web 3.0 Sumerian crypto anchors and the ADIO advertising network. As part of the transaction, WiSA issued 40 million shares of restricted common stock and appointed Nathaniel T. Bradley as CEO, with Brett Moyer transitioning to CFO.
The company plans to rebrand as Datavault Inc. in mid-January 2025 and change its Nasdaq ticker to ADIO. The acquisition consideration includes a $10 million unsecured promissory note due in 3 years and a 3% royalty on future net revenues from Datavault and ADIO product lines. Bradley received 1.2 million restricted stock units as an inducement, with half vesting over 36 months and half tied to achieving $40 million in revenue over any trailing 12-month period.
MARA Holdings reported significant operational updates for December 2024, highlighting a 15% increase in energized hash rate to 53.2 EH/s. The company mined 890 BTC in December, a slight 2% decrease from November, while winning 249 blocks. MARAPool achieved 168% annual hash rate growth in 2024, surpassing bitcoin's network growth of 49%.
The company's total BTC holdings reached 44,893 BTC, valued at $4.2 billion (at $93,354 per BTC). In 2024, MARA acquired 22,065 BTC at an average price of $87,205 and mined an additional 9,457 BTC. The company's year-end BTC yield per diluted share was 62.7%. Notably, 7,377 BTC are loaned to third parties for additional returns.
WiSA Technologies (NASDAQ: WISA) has received 94% stockholder approval to acquire Data Vault Holdings' assets for 40 million shares of common stock plus a $10 million 3-year Note. The transaction, valued between $266M and $501M in a fairness opinion, is expected to close around December 31, 2024.
Following the closure, WiSA will be renamed to Datavault Inc. and transform into a data technology and licensing company focusing on two main solutions: Data Sciences for Web 3.0 data management and Acoustic Sciences for spatial HD sound transmission. The company will leverage Datavault's platform for managing and monetizing data in the Web 3.0 environment, offering blockchain data solutions and AI integration.
WiSA Technologies (NASDAQ: WISA) has received overwhelming stockholder approval to acquire Data Vault Holdings' assets, with 94% of stockholders voting in favor. The transaction involves issuing 40 million shares of restricted common stock plus a $10 million 3-year Note. A fairness opinion valued Data Vault's assets between $266M and $501M.
Upon closing, expected around December 31, 2024, WiSA Technologies will be renamed to Datavault Inc. The company will transform into a data technology and licensing company focusing on two main solutions: Data Sciences for Web 3.0 data management and Acoustic Sciences for spatial HD sound transmission. The deal includes a 3% royalty on future revenues from Datavault and ADIO product lines.
The Datavault Platform enables data monetization in the Web 3.0 environment, offering solutions for managing name, image, and likeness (NIL) licensing through blockchain technology, while ensuring privacy and credential protection.
MARA Holdings has successfully closed an $850 million offering of zero-coupon convertible senior notes due 2031. The net proceeds of approximately $835.1 million will be used to:
- Repurchase about $51 million of existing 2026 convertible notes using $48 million
- Acquire additional bitcoin
- Fund general corporate purposes
The notes are convertible into cash, MARA common stock, or a combination thereof, with an initial conversion rate of 28.9159 shares per $1,000 principal amount, equivalent to a conversion price of $34.5830 per share. This represents a 40% premium over MARA's weighted average price of $24.7022 on December 2, 2024.
MARA has announced a definitive agreement to acquire a wind farm in Hansford County, Texas, featuring 240 MW of interconnection capacity and 114 MW of nameplate wind capacity. The company plans to develop and operate a behind-the-meter data center powered entirely by the site's wind capacity at zero-marginal energy cost. The facility will implement MARA's Advanced ASIC Retirement Initiative, repurposing last-generation mining hardware that would otherwise be discarded. This acquisition aims to convert underutilized sustainable resources into economic value while reducing bitcoin production costs through vertical integration. The transaction is expected to close by Q1 2025.
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