Misplaced Pages

MARA Holdings

Article snapshot taken from Wikipedia with creative commons attribution-sharealike license. Give it a read and then ask your questions in the chat. We can research this topic together.
(Redirected from Marathon Patent Group) American patent holding company
MARA Holdings, Inc.
Formerly
  • Verve Ventures, Inc. (2010–2011)
  • American Strategic Minerals Corporation (2011–2012)
  • Marathon Patent Group (2012–2021)
  • Marathon Digital Holdings (2021-2024)
Company typePublic
Traded as
FoundedFebruary 23, 2010; 14 years ago (2010-02-23)
HeadquartersFort Lauderdale, Florida, U.S.
Key peopleFred Thiel (CEO)
RevenueIncrease US$388 million (2023)
Total assetsIncrease US$1.99 billion (2023)
Number of employeesapprox. 150 (July 2024)
Websitemara.com
Footnotes / references

MARA Holdings, Inc. is an American 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 Fort Lauderdale, Florida. 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. Marathon purchased patents related to encryption in the 2010s and in 2021 it was known for its purchases of bitcoin and bitcoin mining equipment 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.

The company changed its name to Marathon Digital Holdings, effective March 1, 2021. It subsequently changed its name to MARA Holdings on August 29, 2024.

MARA is considered one of the world's largest bitcoin miners. It is also the second largest corporate holder of bitcoin, owning 25,945 BTC as of November 2024, behind MicroStrategy.

Its chief executive officer is Fred Thiel.

In December 2023, Marathon Digital acquired two currently operational Bitcoin mining sites from subsidiaries of Generate Capital for $178.6 million.

Controversy

In July 2024, Time magazine published an investigation into numerous noise and health complaints by residents of Granbury, Texas, many of whom attributed their ailments to a nearby Bitcoin mining facility owned and operated by Marathon Digital.

See also

References

  1. ^ 2023 Annual Report (Form 10-K) (Report). U.S. Securities and Exchange Commission. February 28, 2024.
  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. Linecker, Adelia Cellini (September 1, 2022). "Marathon Digital Holdings Stock Struggles As Bitcoin Tumbles; Is MARA Stock A Buy Now?". Investor's Business Daily. ISSN 1061-2890.
  5. Randewich, Noel (2021-02-10). "Musk's bitcoin bet fuels gains in companies already invested". Reuters. Retrieved 2021-02-10 – via www.reuters.com.
  6. "Crush the Crypto Market with Marathon Patent Group". 2021-02-05. Retrieved 2021-02-10.
  7. "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.
  8. "Form 8-K MARA Holdings, Inc. For: Aug 30". StreetInsider.com. Retrieved 2024-12-15.
  9. "Bitcoin Miner MARA Buys Texas Wind Farm as AI Crowds Out Crypto". Bloomberg.com. 2024-12-03. Retrieved 2024-12-15.
  10. Wendling, Julia (2024-11-28). "Top 10 Largest Corporate Holders of Bitcoin". Visual Capitalist. Retrieved 2024-12-15.
  11. 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.
  12. "Marathon Digital Holdings Enters Definitive Agreement To Acquire Multiple Bitcoin Mining Sites for $179 Million". Global Newswire (Press release). 2023-12-19. Retrieved 2023-12-19 – via Yahoo Finance.
  13. Chow, Andrew R. (2024-07-08). "'We're Living in a Nightmare:' Inside the Health Crisis of a Texas Bitcoin Town". TIME. Archived from the original on 2024-07-09. Retrieved 2024-07-09.

External links

Categories: