MARA Holdings Inc - MARA STOCK NEWS

Marathon Digital Holdings (NASDAQ:MARA) has announced a binding letter of intent with Compute North to host approximately 73,000 Bitcoin miners in a new 300-megawatt data center in Texas. The initial agreement includes an 18-month bridge loan of up to $67 million for facility construction. Once fully operational, Marathon’s hashrate is expected to reach 10.37 EH/s and its operations will be approximately 70% carbon neutral. The company aims for 100% carbon neutrality in the long term.

Marathon Digital Holdings (NASDAQ: MARA) has signed a letter of intent with Compute North to host around 73,000 Bitcoin miners in a new 300-megawatt data center in Texas. Marathon will provide up to $67 million in an 18-month bridge loan to facilitate construction. The contract lasts three years, with planned operational implementation between October 2021 and March 2022. Once deployed, the company anticipates a hashrate of 10.37 EH/s and aims for its operations to be 70% carbon neutral.

Marathon Digital Holdings (MARA) has appointed Georges Antoun and Jay Leupp to its board of directors while Peter Benz transitions to vice president of corporate development. This strengthens the board's expertise in environmental protection, green energy, public accounting, and investment banking. As mining operations are set to scale to 10.37 EH/s by early next year, the leadership change aims to enhance the company's growth and innovation in the Bitcoin mining sector.

Marathon Digital Holdings reported significant financial growth for Q1 2021, with revenues soaring to $9.2 million, up from $592,000 year-over-year, largely due to a $132 million unrealized gain from Bitcoin investments. The company achieved a net income of $83.4 million, or $0.87 per diluted share, a substantial turnaround from a net loss of $1.1 million in Q1 2020. Total bitcoin holdings reached approximately 5,324 bitcoins valued at $298.8 million. Marathon aims to enhance operations, targeting a hashrate of 10.37 EH/s by early 2022.

Marathon Digital Holdings (MARA) has successfully directed all of its hashrate to its newly launched Marathon OFAC Pool, the first North American Bitcoin mining pool compliant with U.S. regulations. This milestone, achieved on May 1, 2021, positions Marathon as a leader in ethically produced Bitcoin, addressing the need for compliance with anti-money laundering (AML) and Office of Foreign Asset Control (OFAC) standards. The pool will start accepting other U.S.-based miners by June 1, enhancing decentralization and security in the industry.

Marathon Digital Holdings (NASDAQ: MARA) reported significant growth in its bitcoin production and mining capabilities as of May 1, 2021. The company increased its total bitcoin holdings to approximately 5,292 BTC, valued at about $305.2 million. In April alone, Marathon minted 162.1 BTC, raising its daily production rate to nearly 7 BTC. The active mining fleet has expanded to 12,084 miners, generating a hashrate of approximately 1.29 EH/s. Marathon expects to fully install its purchased miners by early 2022, aiming for a fleet of approximately 103,120 miners.

Marathon Digital Holdings (NASDAQ: MARA), a leading Bitcoin self-mining company, is set to participate in Forbes’ webinar titled “How to Profit from Bitcoin and Other Crypto Assets Without Owning Them” on April 29, 2021, at 2:00 p.m. ET. Marathon's Executive Chairman, Merrick Okamoto, will join other industry experts including representatives from Grayscale Investments and Voyager Digital. The webinar aims to educate investors on crypto exposure through publicly traded companies. Interested parties can register via the provided link.

Marathon Digital Holdings (NASDAQ:MARA) announced the appointment of Fred Thiel as the new CEO, effective immediately. Thiel succeeds Merrick Okamoto, who will transition to Executive Chairman. Okamoto reflects on his leadership since 2017, highlighting Marathon's growth into a leading Bitcoin mining operation with a goal to reach 10.37 EH/s by early 2022. Thiel, who joined as a director in 2018, aims to build on this momentum, expanding the miner fleet to approximately 103,120 miners.

Marathon Digital Holdings (NASDAQ: MARA), a leading Bitcoin self-mining company, is set to participate in the H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference on April 27, 2021. CEO Merrick Okamoto will join a panel on Crypto Mining at 10:00 a.m. ET and a fireside chat at 2:30 p.m. ET. One-on-one meetings with institutional investors will occur throughout the event. Interested parties can register and view live webcasts for both the panel and the fireside chat.

For more information, reach out to Marathon's investor relations team.