Marathon Collaborates with NYDIG To Launch Unique Products and Services for Members of Marathon’s Mining Pool
September 01 2021 - 4:05PM
Marathon Digital Holdings, Inc.
(NASDAQ:MARA) ("Marathon"
or "Company"), one of the largest enterprise Bitcoin
mining companies in North America, today announced an expanded
collaboration with NYDIG, a leading technology and financial
services firm dedicated to Bitcoin, to provide members of
Marathon’s Bitcoin mining pool, MaraPool, with seamless access to
NYDIG’s comprehensive and institutional-grade services for Bitcoin
miners.
MaraPool is a bitcoin mining pool based in the United States
focused on carbon neutral mining and reducing the environmental
impact of Bitcoin mining. The pool provides its members with
industry-leading transparency and is fully audited by a third-party
firm based in the U.S. Through the new collaboration with NYDIG,
members of MaraPool will now also benefit from access to NYDIG’s
products and services for Bitcoin miners, including equipment
procurement, financing, investment vehicles, advisory services, and
more.
“NYDIG has been an important collaborator of ours, providing a
variety of treasury management and trading services, including
facilitation of the purchase of 4,812.66 bitcoins in January,” said
Fred Thiel, Marathon’s CEO. “NYDIG’s team shares our passion for
professionalizing and institutionalizing the Bitcoin mining
industry in the U.S., and by collaborating with NYDIG on our mining
pool, we have enabled all members of our pool to have access to the
same world class solutions and expertise from which Marathon has
benefitted.”
Robert Gutmann, co-founder and CEO of NYDIG, commented,
“Marathon has proven to be one of the most innovative companies in
the Bitcoin mining space and a great partner to NYDIG. We are very
pleased to be expanding our work with Marathon to provide all
members of MaraPool with access to NYDIG’s robust suite of products
and services tailored specifically for the complex needs of bitcoin
miners.”
MaraPool will begin accepting applications from other U.S.-based
Bitcoin mining companies later this month. To learn more about
MaraPool, visit www.marapool.com.
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, 2020. 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 September 2021. See "Safe
Harbor" 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 NYDIGNYDIG provides Bitcoin technology
and investment solutions to insurers, banks, corporations,
institutions, and HNW individuals. The firm and its products meet
the industry’s highest regulatory, audit, and governance standards.
Learn more at nydig.com, or follow NYDIG
on LinkedIn and Twitter (@NYDIG_BTC).
About Marathon Digital HoldingsMarathon is a
digital asset technology company that mines cryptocurrencies with a
focus on the blockchain ecosystem and the generation of digital
assets.
Marathon Digital
Holdings Company Contact:Charlie
Schumacher Telephone:
800-804-1690 Email: charlie@marathondh.com
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