History of Expansion and Growth

  • Q1 2020

    Miner upgrades

    Began aggressively upgrading mining portfolio with next gen. miners

  • Q2 2020

    Bitmain Contract

    Announced $23 million contract with Bitmain to purchase 10,500 S19 Pro miners

  • Q3 2020

    Beowulf

    Partnered with Beowulf Energy: Relocated miners to 105 MW BTC Mining Data Center in Hardin, MT; Reduced aggregate mining costs 38%

  • Q4 2020

    Bitmain's largest order

    Purchased 90,000 S19 miners, including Bitmain’s largest order ever

  • Q1 2021

    Shelf offering

    Announced successful completion of shelf offering, increasing cash position to $217.6 million

  • Q1 2021

    Private placement

    Increased cash position to $455.1 million after successful private placement

  • Q1 2021

    Purchased bitcoin

    Purchased 4,812.66 BTC for average price of $31,168 / BTC

  • Q1 2021

    Installing S19 miners

    Began installing 1st tranches of S19 miners from Bitmain

  • Q1 2021

    Rebranded

    Rebranded to Marathon Digital Holdings

  • Q2 2021

    Fred Thiel

    Enhanced leadership team, including appointing Fred Thiel to CEO

  • Q2 2021

    MaraPool

    Began directing all hash rate to MaraPool

  • 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

  • Q2 2021

    Taproot

    MaraPool begins signaling for Taproot

  • Q3 2021

    Russel 2000

    MARA added to Russell 2000 index

  • Q3 2021

    August Production Update

    August production update: 22,412 miners installed, generating 2.3 EH/s; 1,758 BTC produced YTD

  • Mid 2022

    Fully deployed

    All 133,120 miners deployed; generating 13.3 EH/s with mining operations 70% carbon neutral

Learn more about Marathon Digital Holdings at our Investor Relations Portal