History of Expansion and Growth
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Q1 2020
Miner upgrades
Began aggressively upgrading mining portfolio with next gen. miners
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Q2 2020
Bitmain Contract
Announced $23 million contract with Bitmain to purchase 10,500 S19 Pro miners
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Q3 2020
Beowulf
Partnered with Beowulf Energy: Relocated miners to 105 MW BTC Mining Data Center in Hardin, MT; Reduced aggregate mining costs 38%
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Q4 2020
Bitmain's largest order
Purchased 90,000 S19 miners, including Bitmain’s largest order ever
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Q1 2021
Shelf offering
Announced successful completion of shelf offering, increasing cash position to $217.6 million
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Q1 2021
Private placement
Increased cash position to $455.1 million after successful private placement
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Q1 2021
Purchased bitcoin
Purchased 4,812.66 BTC for average price of $31,168 / BTC
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Q1 2021
Installing S19 miners
Began installing 1st tranches of S19 miners from Bitmain
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Q1 2021
Rebranded
Rebranded to Marathon Digital Holdings
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Q2 2021
Fred Thiel
Enhanced leadership team, including appointing Fred Thiel to CEO
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Q2 2021
MaraPool
Began directing all hash rate to MaraPool
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Q2 2021
Compute North
Announced new agreement with Compute North: 300 MW facility in Texas to house 73,000 miners and be 100% carbon neutral
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Q2 2021
Taproot
MaraPool begins signaling for Taproot
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Q3 2021
Russel 2000
MARA added to Russell 2000 index
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Q3 2021
August Production Update
August production update: 22,412 miners installed, generating 2.3 EH/s; 1,758 BTC produced YTD
Learn more about Marathon Digital Holdings at our Investor Relations Portal