BitOoda’s Sam Doctor Joins Marathon Digital Holdings’ Advisory Board
October 18 2021 - 4:05PM
Marathon Digital Holdings, Inc.
(NASDAQ:MARA) ("Marathon"
or "Company"), one of the largest enterprise Bitcoin
self-mining companies in North America, today announced that crypto
and blockchain researcher Sam Doctor has joined the Company’s
advisory board.
Marathon’s advisory board is a non-fiduciary group of experts
whose backgrounds span a broad spectrum of industries related to
the Company’s operations, including but not limited to technology,
fintech, Bitcoin, energy, and regulation. The primary function of
the advisory board is to provide advice and guidance to the
Company’s management team on all matters related to growth and
development.
Sam Doctor is a finance professional with more than 18 years of
research experience. He currently serves as the chief strategy
officer at BitOoda, a leading digital asset fintech firm, where he
leads research and advisory services. Prior to BitOoda, Doctor was
the head of data science and quant research at Fundstrat Global
Advisors, a managing partner at Seedling Advisories, and a senior
equity analyst at JPMorgan Chase in New York and Asia. Doctor holds
an MBA from Indian Institute of Management, Ahmedabad and a degree
in electronics and semiconductor engineering from the University of
Mumbai, India, as well as series 7, 63, 79, 86, and 87 licenses
with FINRA.
“The purpose of Marathon’s advisory board is to help optimize
our decisions by ensuring we have access to the best minds in this
industry,” said Fred Thiel, CEO of Marathon Digital Holdings. “Sam
Doctor is widely considered to be one of the leading researchers in
the Bitcoin mining industry and therefore well-suited to become the
inaugural member of our advisory board. His analysis of Bitcoin
mining’s profitability and risk factors is highly valued by many
mining companies, investors, and analysts, who are working to build
their own forecasting models or make sound strategic choices. We
look forward to further benefitting from Sam’s unique expertise as
a member of our advisory board.”
Sam Doctor, commented, “Marathon is one of the most innovative
and forward-thinking Bitcoin mining companies, and I am pleased to
be joining their advisory board. I look forward to lending the
management team my perspective as they work to further develop the
business.”
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 October 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
SchumacherTelephone:
800-804-1690Email: charlie@marathondh.com
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