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Form 8-K · Current Report · Filed 2024-05-06

Marathon Digital Holdings Announces Strategic Reorganization and Leadership Appointments

Marathon Digital Holdings, Inc. announced on May 1, 2024, a strategic reorganization into business units to better align with growth opportunities and diversify its business portfolio. The reorganization includes appointing Mr. James Crawford to lead the digital asset mining business unit, Mr. Ashu Swami to lead the technology business unit, and Mr. Adam Swick to lead the strategic initiatives and energy harvesting business unit. Additionally, the Company granted Long-Term Incentive Program (LTIP) awards to its named executive officers based on the Company's total stockholder return (TSR) performance relative to its peer group.

Filer
Mara Holdings Inc. MARA · NASDAQ
Filed
Accession
0001493152-24-017855
CIK
0001507605
Signal
High impactFinancial Services

Items reported

Item 5.02

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

New COO Appointed New President Appointed Key Executive Appointment

Market reaction

Close before filing

$17.52

Next session

+15.4%

Since filing

-35.5%

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:

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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