Marathon Digital Holdings

Marathon Digital Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. The company was founded on February 23, 2010 and is headquartered in Las Vegas, NV.[1]

The company was formerly known as Marathon Patent Group and was the patent holding company that is the parent of Uniloc, allegedly a patent troll company.[2][3] Marathon purchased patents related to encryption in the 2010s and in 2021 it was known for its purchases of bitcoin[4] and bitcoin mining equipment[5] and a joint venture to use 37 MW from the Hardin Generating Station Montana coal plant to power an adjacently-constructed Marathon bitcoin data center.[6]

Marathon Digital Holdings
Nasdaq: MARA

The company changed its name to Marathon Digital Holdings, effective March 1, 2021. Its chief executive officer is Fred Thiel.[7]

Subsidiaries

Marathon has several subsidiaries:[8]

  • Communications LLC,
  • Sarif Biomedical, LLC,
  • Sarif Biomedical Acquisition LLC,
  • Marathon Advisors SA,
  • Dynamic Advances, LLC,
  • TLI Acquisition Corp.,
  • CyberFone Systems, LLC,
  • Signal Ip, Inc.,
  • Synchronicity IP GmbH,
  • Motheye Technologies, LLC,
  • Medtech Group Acquisition Corp,
  • Loopback Technologies, Inc,
  • TLIF, LLC,
  • IP Liquidity Ventures, LLC,
  • Soems Acquisition Corp,
  • Hybrid Sequence IP, Inc,
  • E2e Processing, Inc,
  • Continental Resources Acquisition Sub, Inc.,
  • Relay IP Inc,
  • OrthoPhoenix, LLC,
  • Marathon Group S.A.,
  • Sampo IP LLC,
  • Vantage Point Technology, Inc.,
  • Marathon Ventures S.a.r.l,
  • Bismarck IP Inc,
  • Loopback Technologies II, Inc,
  • Selene Communication Technologies, LLC,
  • Magnus IP GmbH,
  • TLI Communications GmbH,
  • Traverse Technologies Corp.,
  • 3D Nanocolor Corp.,
  • IP Liquidity Ventures Acquisition LLC,
  • CRFD Research, Inc.,
  • PG Technologies SARL,
  • Marathon Crypto Mining, Inc,
  • MedTech Development Deutschland GmbH,
  • Marathon IP GmbH,

See also

References
  1. "Marathon Digital Holdings Inc Stock Quote". 2021-02-05. Retrieved 2021-02-10.
  2. Mullin, Joe (2017-06-06). "How one patent troll is desperately trying to stay in East Texas". Ars Technica. Retrieved 2021-02-10.
  3. Crecente, Brian (2012-07-23). "Uniloc founder says he's not a 'patent troll', reacts to 'disgusting' 'Minecraft' fan emails". Polygon. Retrieved 2021-02-10.
  4. Randewich, Noel (2021-02-10). "Musk's bitcoin bet fuels gains in companies already invested". Reuters. Retrieved 2021-02-10 – via www.reuters.com.
  5. "Crush the Crypto Market with Marathon Patent Group". 2021-02-05. Retrieved 2021-02-10.
  6. "Bitcoin miner Marathon signs for coal-fired electricity in Montana". www.datacenterdynamics.com. Retrieved 2021-08-05. Bitcoin mining company Marathon Patent Group has announced plans to build a specialized Bitcoin data center in Montana. The facility will use cheap coal-fired electricity, backed by utility Beowulf Energy, which will take a stake in Marathon. In the joint venture, Beowulf gets part-ownership of Marathon, but Marathon keeps the Bitcoin output from a data center that will use an estimated 37MW of power from Beowulf's 119MW Hardin Generating Station in Big Horn County, Montana. Marathon will pay $0.028/kWh for the energy, which is about a quarter of the average US domestic rate of around $0.11/kWh.{{cite web}}: CS1 maint: url-status (link)
  7. Ostroff, Caitlin; Spegele, Brian (2021-05-21). "Bitcoin Miners Are Giving New Life to Old Fossil-Fuel Power Plants". Wall Street Journal. Retrieved 23 May 2021.
  8. "Subsidiary Listing :: Marathon Patent Group (MARA)". Marathonpg.com. Retrieved 17 December 2018.
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