DMG Blockchain Set To Join Marathon’s Bitcoin Mining Pool, MaraPool
September 09 2021 - 08:05AM
Marathon Digital Holdings, Inc.
(NASDAQ:MARA) ("Marathon"
or "Company"), one of the largest enterprise Bitcoin
self-mining companies in North America, today announced that DMG
Blockchain, (TSX-V: DMGI) (OTCQB: DMGGF) (FRANKFURT: 6AX), a
vertically integrated blockchain and cryptocurrency technology
company, will become the first North American Bitcoin miner,
excluding Marathon, to join Marathon’s mining pool, MaraPool.
On Monday September 13, 2021, DMG Blockchain will begin pointing
100% of its hash rate towards MaraPool, as the pool opens to
additional Bitcoin mining companies. MaraPool is a U.S.-based
Bitcoin mining pool that is focused on reducing the environmental
impact of Bitcoin mining through carbon neutral mining. The pool,
which is fully audited by a third-party firm in the U.S., provides
its members with industry leading transparency, an intuitive
reporting system, and access to exclusive services from NYDIG.
“After experiencing difficulties with mining pools outside the
U.S., we decided to launch our own pool that would reflect the
values and needs of enterprising North American Bitcoin miners,”
said Fred Thiel, Marathon’s CEO. “After many months of testing, we
have now opened the pool to other Bitcoin miners that share our
beliefs and our desire to improve miners’ processes. DMG Blockchain
has long been an innovator in this regard, having worked closely
with us on this initiative, and we are pleased to welcome them to
MaraPool.”
Sheldon Bennett, DMG Blockchain’s CEO, added, “Marathon has
consistently remained at the forefront of not only scaling but
professionalizing the Bitcoin mining industry. Their mining pool,
which leverages our industry-leading software, is no different.
While many mining pools lack transparency and accountability,
MaraPool excels at both. We believe that being part of MaraPool
will improve our operations, and we look forward to benefiting from
this change.”
On September 9, 2021, Marathon will be promoting MaraPool’s
features and benefits at Bitmain’s Digital Mining Energy Conference
in Miami, FL. To learn more about MaraPool, or to apply to join,
visit marapool.com.
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 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 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.
About DMG Blockchain Solutions Inc.DMG is an
environmentally friendly vertically integrated blockchain and
cryptocurrency company that manages, operates, and develops
end-to-end digital solutions to monetize the blockchain ecosystem.
DMG’s sustainable businesses are segmented into three main
divisions: data centre operations, data analytics and forensics and
developing enterprise blockchains. DMG’s non-polluting data centre
operations focus on earning eco-friendly revenues from block
rewards and transaction fees by mining primarily bitcoin as well as
providing hosting services for industrial mining clients entirely
powered by renewable energy. DMG’s data analytics and forensic
services provide technical expertise software products such as
Blockseer Pool, Mine Manager and Walletscore, as well as working
with auditors, law firms, and law enforcement organizations. DMG’s
permissioned blockchain technology is focused on developing
enterprise software for the supply chain management of controlled
products. DMG’s strategy is to become the domain experts across the
business verticals it focuses on. DMG’s environmentally committed
management team includes seasoned crypto experts, forensic &
financial professionals and blockchain developers with deep
relationships throughout the industry and a strong ecological
consciousness.
Future changes in the Bitcoin network-wide mining difficulty
rate or Bitcoin hashrate may materially affect the future
performance of DMG’s production of Bitcoin, and future operational
results could also be materially affected by the price of Bitcoin
and an increase in hashrate mining difficulty.
For more information on DMG Blockchain Solutions visit:
www.dmgblockchain.comFollow @dmgblockchain on Twitter and subscribe
to DMG's YouTube channel.
DMG Blockchain Solutions Inc.Email:
investors@dmgblockchain.com
Marathon Digital Holdings Company
Contact: Charlie SchumacherTelephone:
800-804-1690Email: charlie@marathondh.com
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