Marathon Digital Holdings Adds New, Enterprise-Grade Bitcoin Custodian to Begin Diversifying Its Bitcoin Custody
18 Outubro 2023 - 5:48PM
Marathon Digital Holdings, Inc.
(NASDAQ:MARA) ("Marathon"
or "Company"), a leader in supporting and securing the
Bitcoin ecosystem, has added a new, enterprise-grade custodian to
allow it to diversify its bitcoin treasury with multiple providers.
As Marathon continues to increase its hash rate,
it has grown its bitcoin holdings to 13,726 as of September 30,
2023. In September 2023, the Company produced 1,242 bitcoin,
representing 4.3% of the available rewards for all Bitcoin miners
during the month. Historically, Marathon has custodied all its
bitcoin with a single provider. As part of its broader treasury
management strategy, the Company has added a new, enterprise-grade
custodian as its second custodian. Marathon may continue to
diversify its bitcoin custody across additional custodians in the
future.
“Diversification is a core component of our
strategy that applies not just to our operations but to our
treasury management as well,” said Salman Khan, Marathon’s chief
financial officer. “Our existing custodian has played, and will
continue to play, a valuable role in our treasury management
strategy. However, with 13,726 bitcoin on our balance sheet as of
September 30, 2023 and our growing operations producing over 1,000
bitcoin per month, we believe it is an opportune time to diversify
our bitcoin custody across multiple custodians. Our second
custodian provides enterprise-grade digital asset solutions and is
one of the most experienced institutions in the space. We are
optimistic that their role as a custodian will complement our
current solutions.”
To learn more about this announcement, see
here.
Investor Notice
Investing 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 Bitcoin 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 October
2023. See "Forward-Looking Statements" below.
Forward-Looking Statements
Statements 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 Bitcoin ecosystem. The
Company is currently in the process of becoming one of the largest
and most sustainably powered Bitcoin mining operations in North
America.
For more information, visit www.mara.com, or
follow us on:
Twitter: @MarathonDHLinkedIn:
www.linkedin.com/company/marathon-digital-holdingsFacebook:
www.facebook.com/MarathonDigitalHoldingsInstagram:
@marathondigitalholdings
Marathon Digital
Holdings Company Contact:
Telephone: 800-804-1690Email: ir@mara.com
Marathon Digital Holdings Media
Contact:Email: marathon@wachsman.com
Marathon Digital (NASDAQ:MARA)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Marathon Digital (NASDAQ:MARA)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024