History of Expansion and Growth

  • Q1 2020

    Miner upgrades

    Began aggressively upgrading mining portfolio with next gen. miners.

  • Q1 2020

    Purchased new miners

    Purchased 700 M30S+ & 1,1000 S19 Pro miners

  • Q1 2020

    Debt

    Eliminated long-term debt

  • Q2 2020

    Purchased miners

    Purchased 500 additional S19 Pro miners

  • Q2 2020

    Closed public offering

    Closed $6.9 million public offering & purchased 700 M31S+ miners

  • Q2 2020

    Bitmain Contract

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

  • Q3 2020

    Hashrate increase

    Increased hashrate 230% after installing 1,360 next gen. 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%

  • Q3 2020

    More miners

    Additional 10,000 S19 Pro miners purchased from Bitmain

  • Q4 2020

    Even more miners

    Additional 10,000 S19j Pro miners purchased from Bitmain
    Search for 2nd data center initiated

  • Q4 2020

    Bitmain's largest order

    Purchased 70,000 S19 miners  — Bitmain’s largest order ever

  • Q1 2021

    Shelf offering

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

  • Q1 2021

    DCMNA

    Formed Digital Currency Miners of North America (DCMNA)

  • 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 S-19 miners from Bitmain

  • Q1 2021

    Rebranded

    Rebranded to Marathon Digital Holdings

  • Q1 2022

    Fully deployed

    All 103,120 miners deployed making Marathon one of the largest miners in North America

Learn more about Marathon Digital Holdings at our Investor Relations Portal