Marathon Digital Holdings Set to Join the Russell 2000® Index
Marathon Digital Holdings, Inc.
, one of the largest enterprise Bitcoin
self-mining companies in North America, is set to join the Russell
2000® Index at the conclusion of the 2021 Russell indices’ annual
reconstitution, effective after the U.S. stock markets open on June
28, 2021. The stock will also be automatically added to the
appropriate growth and value indexes.
Membership in the Russell 2000 Index, which remains in place for
one year, is based on membership in the broad-market Russell
3000® Index. Approximately $10.6 trillion in assets are
benchmarked against Russell’s U.S. indexes. Russell indexes are
widely used by investment managers and institutional investors for
index funds and as benchmarks for active investment strategies.
“Being added to the Russell 2000® Index demonstrates the immense
progress we have made transforming Marathon over the past year,”
said Fred Thiel, Marathon’s CEO. “We expect our inclusion in the
index to increase our visibility within the greater investment
community, which will benefit both new and existing shareholders as
we continue to build Marathon into one of the largest and most
environmentally conscious Bitcoin miners in North America.”
Russell indexes are part of FTSE Russell, a leading global index
provider. FTSE Russell determines membership for its Russell
indexes primarily by objective, market-capitalization rankings and
style attributes. For more information on the Russell 2000 Index
and the Russell indexes reconstitution, go to the “Russell
Reconstitution” section on the FTSE Russell website.
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 hashrate 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 June 2021. See "Safe Harbor"
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 FTSE Russell:FTSE Russell is a global
index leader that provides innovative benchmarking, analytics and
data solutions for investors worldwide. FTSE Russell calculates
thousands of indexes that measure and benchmark markets and asset
classes in more than 70 countries, covering 98% of the investable
FTSE Russell index expertise and products are used extensively
by institutional and retail investors globally. Approximately $17.9
trillion is currently benchmarked to FTSE Russell indexes. For over
30 years, leading asset owners, asset managers, ETF providers and
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FTSE Russell is focused on applying the highest industry standards
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For more information, visit www.ftserussell.com.
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
Holdings Company Contact:Jason AssadTelephone:
Marathon Digital (NASDAQ:MARA)
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