American Strategic Minerals Corporation (2011–2012)
Marathon Patent Group (2012–2021)
Company type
Public
Traded as
Nasdaq: MARA
S&P 600 component
Founded
February 23, 2010; 14 years ago (2010-02-23)
Headquarters
Fort Lauderdale, Florida, U.S.
Key people
Fred Thiel (CEO)
Revenue
US$388 million (2023)
Total assets
US$1.99 billion (2023)
Number of employees
approx. 60 (December 2023)
Website
mara.com
Footnotes / references [1]
Marathon Digital Holdings, Inc. is an American digital asset technology company, which engages in mining cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. The company was founded on February 23, 2010 and is headquartered in Fort Lauderdale, Florida.[1] The company was formerly known as Marathon Patent Group and was the patent holding company that is the parent of Uniloc, allegedly a patent troll company.[2][3]
Marathon purchased patents related to encryption in the 2010s[4] and in 2021 it was known for its purchases of bitcoin[5] and bitcoin mining equipment[6] and a joint venture to use 37 MW from the Hardin Generating Station Montana coal plant to power an adjacently-constructed Marathon bitcoin data center.[7]
The company changed its name to Marathon Digital Holdings, effective March 1, 2021. Its chief executive officer is Fred Thiel.[8]
In December 2023, Marathon Digital acquired two currently operational Bitcoin mining sites from subsidiaries of Generate Capital for $178.6 million.[9]
^ ab2023 Annual Report (Form 10-K) (Report). U.S. Securities and Exchange Commission. February 28, 2024.
^Mullin, Joe (2017-06-06). "How one patent troll is desperately trying to stay in East Texas". Ars Technica. Retrieved 2021-02-10.
^Crecente, Brian (2012-07-23). "Uniloc founder says he's not a 'patent troll', reacts to 'disgusting' 'Minecraft' fan emails". Polygon. Retrieved 2021-02-10.
^Linecker, Adelia Cellini (September 1, 2022). "Marathon Digital Holdings Stock Struggles As Bitcoin Tumbles; Is MARA Stock A Buy Now?". Investor's Business Daily. ISSN 1061-2890.
^Randewich, Noel (2021-02-10). "Musk's bitcoin bet fuels gains in companies already invested". Reuters. Retrieved 2021-02-10 – via www.reuters.com.
^"Crush the Crypto Market with Marathon Patent Group". 2021-02-05. Retrieved 2021-02-10.
^"Bitcoin miner Marathon signs for coal-fired electricity in Montana". www.datacenterdynamics.com. Retrieved 2021-08-05. Bitcoin mining company Marathon Patent Group has announced plans to build a specialized Bitcoin data center in Montana. The facility will use cheap coal-fired electricity, backed by utility Beowulf Energy, which will take a stake in Marathon. In the joint venture, Beowulf gets part-ownership of Marathon, but Marathon keeps the Bitcoin output from a data center that will use an estimated 37MW of power from Beowulf's 119MW Hardin Generating Station in Big Horn County, Montana. Marathon will pay $0.028/kWh for the energy, which is about a quarter of the average US domestic rate of around $0.11/kWh.
^Ostroff, Caitlin; Spegele, Brian (2021-05-21). "Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Power Plants". Wall Street Journal. Retrieved 23 May 2021.
^"Marathon Digital Holdings Enters Definitive Agreement To Acquire Multiple Bitcoin Mining Sites for $179 Million". Global Newswire (Press release). 2023-12-19. Retrieved 2023-12-19 – via Yahoo Finance.
MarathonDigital Holdings, Inc. is an American digital asset technology company, which engages in mining cryptocurrencies, with a focus on the blockchain...
American business executive and the current CEO of Thiel Advisors and MarathonDigital Holdings. Thiel is the former CEO of GameSpy, Local Corporation, and...
The marathon (from Greek Μαραθώνιος) is a long-distance foot race with a distance of 42.195 km (26 mi 385 yd), usually run as a road race, but the distance...
The marathon at the Summer Olympics is the only road running event held at the multi-sport event. The men's marathon has been present on the Olympic athletics...
The Battle of Marathon took place in 490 BC during the first Persian invasion of Greece. It was fought between the citizens of Athens, aided by Plataea...
The Reading Half Marathon (currently known as the Unleashed Performance Reading Half Marathon for sponsorship reasons) is a half marathon road running event...
on the Marathon of Hope, was produced by the CTV Television Network in 2005. Fox was portrayed by Shawn Ashmore. He is not an amputee; digital editing...
and multisectoral corporation with roots in East Africa MarathonDigital, an American digital asset technology firm which trades on the Nasdaq as MARA...
ultra distance or ultra running, is a footrace longer than the traditional marathon length of 42.195 kilometres (26 mi 385 yd). Various distances, surfaces...
Fauja Singh BEM (Punjabi: ਫੌਜਾ ਸਿੰਘ) is a British Sikh and retired marathon runner of Punjabi Indian descent. He has beaten a number of world records in...
Samurai Marathon (Japanese: サムライマラソン, Hepburn: Samurai Marason) is a 2019 Japanese-British historical action adventure film co-written and directed by...
The Chicago Marathon is a marathon race held every October in Chicago, Illinois. It is one of the six World Marathon Majors. Thus, it is also a World Athletics...
which co-star he is related to". Digital Spy. 31 October 2018. Retrieved 31 October 2018. "EastEnders stars to run marathon for Dame Barbara Windsor". BBC...
runner who competes in the marathon and formerly specialized in the 5000 metres. Regarded as one of the greatest marathon runners of all time, he is the...
8 February 2021. Retrieved 31 March 2021. "Times Have Changed for MarathonDigital Holdings, but It's Still No Buy". Investor Place. 12 March 2021. Retrieved...
Royal Parks Half Marathon, first held in 2008, takes place each October, starting and finishing in Hyde Park. It is the only half marathon that travels through...
showed a Dragon Ball Super marathon on September 28–29, 2019. Adult Swim showed a Food Wars!: Shokugeki no Soma marathon on November 30–December 1, 2019...
one minute.[citation needed] In April 2005, Landmine Marathon entered Ryan Butler's Arcane Digital Recording Studios to record a seven-song demo that was...
Global Information
US$388 million (2023)