Marathon Digital Holdings Collaborates with Brink To Raise Up to $1 Million To Support Bitcoin Core Developers
18 Maio 2023 - 6:00PM
Marathon Digital Holdings, Inc.
(NASDAQ:MARA) ("Marathon"
or "Company"), a leader in supporting and securing the
Bitcoin ecosystem, and Brink, a 501(c)(3), fully-donor supported
organization dedicated to strengthening the Bitcoin protocol and
network through research, development, and a robust support system
for both emerging and established Bitcoin developers via funding,
education, and mentorship programs, have joined forces to raise up
to $1 million to help support Bitcoin Core developers, whose goal
is to maintain the Bitcoin protocol.
The Bitcoin protocol is the technology that enables Bitcoin to
function as a decentralized, peer-to-peer payment network. This
open-source software, which sets the rules and processes that
govern the Bitcoin network, is maintained and improved by a
community of developers around the world known as Bitcoin Core
developers. These developers are volunteers, who often work pro
bono or on a donation basis, to ensure the Bitcoin protocol
functions.
To ensure Bitcoin Core developers can continue their essential
work of maintaining and strengthening the Bitcoin network, Marathon
and Brink are joining forces to raise up to $1 million in donations
for Bitcoin Core developers.
Marathon has committed to matching all donations up to an
aggregate of $500,000 through 2023, for a total potential donation
amount of $1 million (when combined with third party donations).
From May 18, 2023 to May 21, 2023, during the Bitcoin 2023
conference, Marathon will match all donations to Brink (up to a
$500,000 maximum donation from Marathon) on a two-for-one basis.
Following the conference, from May 22, 2023, to December 31, 2023,
Marathon will match all donations on a one-for-one basis (up to a
maximum donation of $500,000 when combined with donation matches
from the Bitcoin 2023 conference interval).
Those interested in contributing to the development and security
of the Bitcoin network can visit this link to donate or to learn
more about Brink and the Marathon match. Brink is a 501(c)(3), and
all donations made to the organization are tax deductible.
“At Marathon, we have historically focused on supporting Bitcoin
by adding hash rate, which helps secure the network, and now, we
are supporting those who maintain the open-source protocol on which
we all depend by contributing to Brink,” said Fred Thiel,
Marathon’s chairman and CEO. “Bitcoin Core developers are
volunteers. Without them, the decentralized payment network that
everyone around the world is free to use would not function the
same. We believe that Brink has a proven track record of
effectively supporting the work of established Bitcoin protocol
engineers and mentoring new contributors, and we are proud to be
working with a world-class organization that shares our values. We
believe it is in every Bitcoiner’s and Bitcoin company’s interest
to ensure these developers can continue performing their essential
services, and we invite all those interested to join us in backing
Brink to support Core developers.”
Mike Schmidt, co-founder and executive director of Brink,
commented, “Brink exists to strengthen the Bitcoin protocol and
network and to support the Bitcoin developer community through
funding, education, and mentoring. The Core developers are the
unsung heroes of the Bitcoin ecosystem. These dedicated individuals
often work behind the scenes voluntarily to maintain and enhance
the security of the Bitcoin protocol and network. This campaign and
Marathon’s match provide an avenue for the Bitcoin community to
acknowledge and lend their financial support to these talented
developers, who make it all possible. We are grateful to be
receiving donations from Marathon, which is a company that values
our mission and that of Bitcoin, and we look forward to working
alongside them to raise funds for Bitcoin Core developers.”
Investor NoticeInvesting in our
securities involves a high degree of risk. Before making an
investment decision, you should carefully consider the risks,
uncertainties and forward-looking statements described under "Risk
Factors" in Item 1A of our most recent Annual Report on Form 10-K
for the fiscal year ended December 31, 2022, filed with the SEC on
March 16, 2023. If any of these risks were to occur, our business,
financial condition or results of operations would likely suffer.
In that event, the value of our securities could decline, and you
could lose part or all of your investment. The risks and
uncertainties we describe are not the only ones facing us.
Additional risks not presently known to us or that we currently
deem immaterial may also impair our business operations. In
addition, our past financial performance may not be a reliable
indicator of future performance, and historical trends should not
be used to anticipate results in the future. Future changes in the
network-wide mining difficulty rate or digital asset hash rate may
also materially affect the future performance of Marathon's
production of bitcoin. Additionally, all discussions of financial
metrics assume mining difficulty rates as of May 2023. See
"Forward-Looking Statements" below.
Forward-Looking
StatementsStatements made in this press release include
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934. Forward-looking statements can be
identified by the use of words such as “may,” “will,” “plan,”
“should,” “expect,” “anticipate,” “estimate,” “continue,” or
comparable terminology. Such forward-looking statements are
inherently subject to certain risks, trends and uncertainties, many
of which the Company cannot predict with accuracy and some of which
the Company might not even anticipate and involve factors that may
cause actual results to differ materially from those projected or
suggested. Readers are cautioned not to place undue reliance on
these forward-looking statements and are advised to consider the
factors listed above together with the additional factors under the
heading “Risk Factors” in the Company's Annual Reports on Form
10-K, as may be supplemented or amended by the Company's Quarterly
Reports on Form 10-Q. The Company assumes no obligation to update
or supplement forward-looking statements that become untrue because
of subsequent events, new information or otherwise.
About Marathon Digital
Holdings Marathon is a digital asset technology
company that focuses on supporting and securing the digital asset
ecosystem. The Company is currently in the process of becoming one
of the largest and most sustainably powered digital asset mining
operations in North America.
Marathon Digital
Holdings Company Contact: Telephone:
800-804-1690Email: ir@mara.com
Marathon Digital Holdings Media
Contact:Email: marathon@wachsman.com
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