Marathon Digital Holdings Donates to Summer of Bitcoin 2022
December 21 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 the
Company has provided a donation to Summer of Bitcoin 2022, a global
summer internship program focused on introducing university
students to Bitcoin and open-source development. Marathon’s
donation is expected to fund multiple student projects, each of
which is intended to support the development of the Bitcoin
network.
“As one of the leading Bitcoin miners in North America, we
believe it is important that we do our part to help support the
broader Bitcoin ecosystem, which includes sponsoring new developers
who can contribute to Bitcoin’s open-source software and other
related projects,” said Fred Thiel, Marathon’s CEO. “The platform
that Adi and the rest of his team at Summer of Bitcoin have built
encourages aspiring developers to better themselves by gaining a
new skillset and tangible work experience in our rapidly growing
industry, while simultaneously contributing to Bitcoin’s
development. It is our hope that our donation will help encourage
new talent to support Bitcoin and ultimately strengthen the
network.”
Adi Shankara, director of Summer of Bitcoin, commented, “Summer
of Bitcoin serves to introduce new developers to Bitcoin, to teach
them how to contribute to Bitcoin projects, and ultimately to help
them build a career in Bitcoin. Without the generous support of
companies like Marathon, we would not be able to fund our students’
projects. We are incredibly grateful for their donation and for the
contribution they have made to furthering our mission.”
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 December 2021. The total network’s hash rate data is calculated
from a third-party source, which is available here:
https://www.blockchain.com/charts/hash-rate. Data from third-party
sources has not been independently verified. 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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