Marathon Patent Group, Inc. Announces Agreement to Acquire 6,000 S-9 Bitmain Miners
Marathon Digital Holdings, Inc. (MARA)
Last marathon digital holdings, inc. earnings: 8/14 04:00 pm
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US:NASDAQ Investor Relations:
ir.marathonpg.com
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Source: GlobeNewswire
LAS VEGAS, Aug. 28, 2019 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (Nasdaq: MARA) (“Marathon” or the “Company”), announced today the signing of an Asset Purchase Agreement to acquire 6,000 S-9 Bitmain 13.5 TH/s Bitcoin Antminers (“Antminer S9 miners”). The transaction will be an all-stock private placement transaction whereby the Company will issue 2,335,000 unregistered Common Stock shares at a price above the current market. Upon consummation of the transaction, the Company will have 8,720,405 shares of common stock issued and outstanding. The Miners will be placed into service in a Co-Location hosting facility with electricity costs of $0.035 per KwH and $0.02 per KwH for the all-in hosting management. The combined cost of $0.055 per KwH equates to a breakeven of approximately $5,050 per Bitcoin resulting in Gross Profit Margins above 100% for each Bitcoin earned from mining at a price of $10,000/BTC. The Company anticipates the Miners will be placed into service early in
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- Bitcoin Miners Fall Even as CEOs Say They're Ready for Halving [Financial Post (Toronto, Ontario, Canada)]Financial Post
MARA
Earnings
- 2/28/24 - Beat
MARA
Sec Filings
- 4/5/24 - Form 8-K
- 4/4/24 - Form 8-K
- 3/20/24 - Form 8-K/A
- MARA's page on the SEC website