Marathon Digital Holdings Appoints Charlie Schumacher as Director of Corporate Communications
July 14 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 that the Company has appointed Charlie Schumacher as
director of corporate communications. He will report to CEO Fred
Thiel, while overseeing all communications activities, including
investor relations, public relations, and corporate marketing
events.
Schumacher is a communications strategist who brings to Marathon
uniquely pertinent expertise in corporate storytelling,
entrepreneurial and executive advisory, capital markets navigation,
and Bitcoin. He has been studying and investing in Bitcoin, as well
as advising crypto-related companies, since 2017. Prior to joining
Marathon, Schumacher oversaw the crypto and blockchain practice at
Gateway Investor Relations, a full-service investor relations and
financial communications firm in Southern California, where he
helped dozens of publicly traded companies develop and execute
their strategies for effectively communicating with stakeholders
and approaching the capital markets. Before his tenure at Gateway,
he served as an independent consultant for emerging businesses
after beginning his career as an actor and film producer in New
York. Schumacher holds a Bachelor of Arts in economics from Boston
University.
“Given the increasing institutional adoption of Bitcoin, the
pace at which our operations are expanding, and our objective of
establishing Marathon as one of the leading Bitcoin miners in North
America, we believe it to be an opportune moment to add a
full-time, in-house director of corporate communications to help
elevate our organization,” said Fred Thiel, Marathon’s CEO.
“Charlie, who has been working with us since September 2020, has
proven to be a valuable resource for Marathon, and we look forward
to further benefitting from his expertise in his new and expanded
position. On behalf of the entire team, I’d like to officially
welcome Charlie aboard.”
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, 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 July 2021. See "Safe Harbor" 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 mines cryptocurrencies with a focus on the blockchain
ecosystem and the generation of digital assets.
Marathon Digital
Holdings Company Contact:Charlie
SchumacherEmail: charlie@marathondh.com
Jason AssadTelephone:
678-570-6791Email: Jason@marathondh.com
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