---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-002672"
form_type: "8-K"
ticker: "MARA"
cik: "0001507605"
company_name: "MARA Holdings, Inc."
filed_at: "2023-01-27T23:59:59+00:00"
generated_at: "2026-06-20T07:08:21.523248+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Marathon Digital enters JV with FS Innovation for 250 MW mining facilities in Abu Dhabi

## Summary
- JV entity formed in Abu Dhabi (ADGM); initial 250 MW mining sites planned.
- Equity split: 80% FS Innovation, 20% Marathon; aggregate capital ~$406M.
- Mined digital assets distributed bi-monthly pro rata to ownership percentages.
- Marathon appoints 1 of 5 directors; five-year non-compete in UAE and US.
- FSI commits to contribute majority capital; conditions apply during 2023 development.

## SEC filing metadata
- accession: 0001493152-23-002672
- form_type: 8-K
- ticker: MARA
- cik: 0001507605
- company_name: MARA Holdings, Inc.
- filed_at: 2023-01-27T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1507605/000149315223002672/0001493152-23-002672-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1507605/000149315223002672/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-002672
- JSON: https://secwatch.observer/filing/0001493152-23-002672.json
- Plain text: https://secwatch.observer/filing/0001493152-23-002672.txt

## Key facts
- Material Agreements
  MARA Holdings, Inc. entered into Shareholders’ Agreement with FS Innovation, LLC valued at approximately $406 million (effective 2023-01-27).
  - Action: entry
  - Counterparty: FS Innovation, LLC
  - Value: approximately $406 million
  - Effective: 2023-01-27
  source text: On January 27, 2023, Marathon Digital Holdings, Inc. (the “Company”) and FS Innovation, LLC (“FSI”) entered into a Shareholders’ Agreement (the “Agreement”) regarding formation of an Abu Dhabi Global Markets company (the “ADGM Entity”), whose purpose shall be to jointly (a) establish and operate one or more mining facilities for digital assets; and (b) mine digital assets (collectively, the “Business”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1507605/000149315223002672/0001493152-23-002672-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.