Marathon patent group inc news

LAS VEGAS, Feb. 26, 2021 (GLOBE NEWSWIRE) — Marathon Patent Group, Inc. (NASDAQ: MARA ) (“Marathon” or “Company”), one among the biggest employer Bitcoin self-mining organizations in North America, introduced that the Company has modified its name to Marathon Digital Holdings, effective March 1, 2021.

The call change is part of a broader company rebrand that reflects the Company’s dedication to its middle competency: mining cryptocurrencies and investing in digital belongings. As a part of the rebrand, Marathon is likewise building a new corporate website, which is anticipated to release in coming weeks.

“Now that we’ve converted Marathon into one of the simplest pure-play Bitcoin funding options available, we are rebranding our Company to ensure our picture better aligns with our cutting-edge operations and our long-time period objectives,” said Merrick Okamoto, Marathon’s chairman and CEO. “To date we’ve bought $150 million worth of Bitcoin and 103,060 of the enterprise’s most reliable Bitcoin miners. These strategic investments reveal our dedication to this new asset elegance and our clean direction to turning into certainly one of the largest and maximum efficient miners in North America. The corporate rebrand, which include our new name, Marathon Digital Holdings, better represents our task and the choices approach we are imposing to further grow the business.”

Investing in our securities includes a excessive degree of danger. Before making an funding selection, you must carefully do not forget the choices risks, uncertainties and ahead-searching statements defined below “Risk Factors” in Item 1A of our most recent Annual Report on Form 10-K for the financial yr ended December 31, 2019. If any of those dangers were to occur, our enterprise, economic condition or outcomes of operations could possibly go through. In that event, the choices value of our securities ought to decline, and you may lose element or all your investment. The risks and uncertainties we describe aren’t the only ones going through us. Additional risks no longer currently recognised to us or that we presently deem immaterial may additionally impair our business operations. In addition, our past financial overall performance won’t be a dependable indicator of destiny overall performance, and ancient developments should no longer be used to count on results within the destiny. Future modifications within the network-huge mining difficulty price or Bitcoin hashrate may also materially have an effect on the choices destiny performance of Marathon’s production of Bitcoin. Additionally, all discussions of financial metrics count on mining issue prices as of February 2021. See “Safe Harbor” beneath.

Statements made on this press launch include ahead-looking statements within the that means of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the choices Securities Exchange Act of 1934. Forward-looking statements may be diagnosed through using words which includes “may additionally,” “will,” “plan,” “need to,” “expect,” “count on,” “estimate,” “hold,” or similar terminology. Such forward-searching statements are inherently challenge to sure risks, traits and uncertainties, lots of which the choices Company can’t predict with accuracy and some of which the Company might not even expect and contain factors that may motive real results to vary materially from the ones projected or counseled. Readers are counseled not to region undue reliance on those ahead-looking statements and are counseled to consider the choices factors listed above collectively with the extra elements below the choices heading “Risk Factors” inside the Company’s Annual Reports on Form 10-K, as can be supplemented or amended with the aid of the Company’s Quarterly Reports on Form 10-Q. The Company assumes no duty to replace or supplement ahead-looking statements that become untrue because of next activities, new information or in any other case.

About Marathon Digital Holdings

Marathon is a digital asset technology corporation that mines cryptocurrencies, with a focus on the choices blockchain environment and the choices technology of virtual assets.

Marathon Digital Holdings Company Contact: Jason Assad Telephone: 678-570-6791 Email: [email protected]

Marathon Digital Holdings Investor Contact: Gateway Investor Relations Matt Glover and Charlie Schumacher Telephone: 949-574-3860 Email: [email protected]