Marathon Digital Holdings Launches Slipstream
February 22 2024 - 3:12PM
Marathon Digital Holdings, Inc.
(NASDAQ:MARA) ("Marathon"
or "Company"), a leader in supporting and securing the
Bitcoin ecosystem, has launched Slipstream, a direct Bitcoin
transaction submission service designed to streamline confirmations
of large or non-standard Bitcoin transactions.
By default, Bitcoin nodes frequently exclude
large and non-standard transactions from Bitcoin’s mempool, even if
these transactions adhere to the Bitcoin network’s consensus rules.
As a result, complex Bitcoin transactions are often delayed or
unprocessed. To encourage experimentation and development on
Bitcoin and to enable and expedite the processing of large or
complex transactions that comply with Bitcoin’s protocol, Marathon
has launched Slipstream.
Slipstream is a direct transaction submission
service on Bitcoin that is powered by Marathon and made possible by
the Company’s proprietary mining pool, MARA Pool. Slipstream is
designed to streamline confirmations of large or non-standard
Bitcoin transactions. With Slipstream, users can directly submit
their transactions to Marathon. Provided these transactions adhere
to the Bitcoin protocol and the fees associated with them are
sufficient, Marathon will add these transactions to its mempool and
process them accordingly.
Marathon is the first Bitcoin mining company to
offer a direct transaction submission service. Because it is the
only publicly traded Bitcoin mining company that operates its own
mining pool, Marathon is also the only known publicly traded
Bitcoin miner currently capable of offering such services.
“Slipstream is a prime example of Marathon
leveraging its proprietary technology stack to create a product or
service that we believe can help Bitcoin innovators push the
industry forward,” said Fred Thiel, Marathon’s chairman and CEO.
“While direct transaction submission services exist, most are
rudimentary. Slipstream provides sophisticated users with a simple,
transparent, and trusted means of adding complex Bitcoin
transactions to the blockchain, provided they adhere to Bitcoin’s
protocol. Marathon is uniquely capable of offering these services
because of our scale, our mining pool, and our team’s technological
expertise. We believe Slipstream is mutually beneficial for the
industry and for our organization, and we look forward to building
on this announcement to further assist those who are building on
Bitcoin.”
To visit the Slipstream transaction terminal or
to learn more, visit slipstream.mara.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, 2022, filed with the SEC on March 16, 2023. 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 February
2024. See "Forward-Looking Statements" 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 focuses on supporting and securing the Bitcoin ecosystem. The
Company is currently in the process of becoming one of the largest
and most sustainably powered Bitcoin mining operations in North
America.
For more information, visit www.mara.com, or
follow us on:
Twitter: @MarathonDHLinkedIn:
www.linkedin.com/company/marathon-digital-holdingsFacebook:
www.facebook.com/MarathonDigitalHoldingsInstagram:
@marathondigitalholdings
Marathon Digital
Holdings Company Contact:
Telephone: 800-804-1690Email: ir@mara.com
Marathon Digital Holdings Media
Contact:Email: marathon@wachsman.com
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