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Form 8-K · Current Report · Filed 2024-04-04

Marathon Digital Holdings Completes Acquisition of 200 Megawatt Bitcoin Mining Data Center

Marathon Digital Holdings, Inc. successfully closed its acquisition of a Bitcoin mining data center in Garden City, Texas, from Applied Digital Corporation. This acquisition, which was announced previously, provides Marathon with an additional 200 megawatts of name plate capacity and is expected to reduce their cost per coin at this site. The transaction strengthens Marathon's position in the Bitcoin mining industry, bringing their total Bitcoin mining portfolio to 1.1 gigawatts of capacity, 54% of which they directly own and operate.

Filer
Mara Holdings Inc. MARA · NASDAQ
Filed
Accession
0001493152-24-013186
CIK
0001507605
Signal
Low impactFinancial Services

Items reported

Item 7.01

Regulation FD Disclosure

Regulation FD Disclosure
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$19.43

Next session

-5.1%

Since filing

-41.8%

Latest close

$11.30

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from MARA reporting the same item, with the next session's move:

Exhibits (1)

About Mara Holdings Inc.

Mara Holdings Inc. is a company that primarily specializes in the financial and technological sectors, focusing on innovative endeavors within its portfolio. As part of its core business model, Mara Holdings engages in cryptocurrency mining and digital asset management, which positions it in the rapidly evolving digital finance industry. Its operations include mining of major cryptocurrencies, which involves the validation of digital transactions and adding them to a blockchain ledger, a process crucial to the functionality and security of cryptocurrency networks. The influence of Mara Holdings Inc. extends across multiple sectors, including financial technology and digital currencies, drawing considerable interest as industries adopt blockchain technology and decentralized finance solutions. The company's participation in these markets underscores its role as a proactive entity capitalizing on digital transformation trends. In the context of market significance, Mara Holdings Inc. represents a blend of traditional financial management with the innovative potential of blockchain technology. Its activities not only contribute to the digital asset ecosystem but also highlight the increasing importance of integrating technology-driven financial solutions in today’s economy.

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