Highest-materiality recent filing
MARA to acquire Long Ridge Energy & Power for ~$1.5B, expanding into HPC and digital infrastructure
Acquisition of 100% of Long Ridge Energy & Power LLC for ~$1.5 billion base purchase price, subject to adjustments.
MARA shareholders approve 18M share increase to 2018 equity plan
Amendment increases authorized shares under the 2018 Equity Incentive Plan by 18,000,000 to 81,000,000 total.
MARA to acquire Long Ridge Energy for ~$1.5B, adding 505 MW gas plant and 1+ GW campus
Transaction value ~$1.5B including assumption of at least $785M debt backstopped by Barclays bridge loan.
MARA repurchases ~$1B of convertible notes using $1.1B bitcoin sale proceeds
Repurchased $367.5M of 2030 zero-coupon notes for ~$322.9M, and $633.4M of 2031 notes for ~$589.9M.
MARA partners with Starwood to develop 1 GW+ AI/hyperscale data centers on mining sites
Near-term IT capacity target of ~1 GW, with pathway to >2.5 GW.
MARA Q3 2025 revenues up 92% to $252M, net income of $123M vs loss
Revenue rose 92% YoY to $252M; net income swung to $123M from ($125M) loss.
MARA signs agreement to acquire 64% of Exaion from EDF for ~$168M, option to increase to 75%
MARA to acquire 64% stake in Exaion (EDF subsidiary) for ~$168M upfront; option to increase to 75% by 2027 for additional ~$127M.
MARA Q2 2025 revenue $238M (+64% YoY), net income $808M, Bitcoin holdings 49,951
Revenue of $238M, up 64% year-over-year.
MARA Holdings Completes $950 Million Convertible Notes Offering Due 2032
MARA sold $950 million aggregate principal of 0.00% convertible senior notes due 2032, with an option for up to $200 million more.
MARA prices $950M zero-coupon convertible notes due 2032; upsized with $200M greenshoe option
$950M aggregate principal of 0.00% convertible senior notes due 2032 priced; initial purchasers have $200M option.
MARA announces $850M zero-coupon convertible note offering and Q2 operational update
Offering $850M 0.00% convertible notes due 2032; initial purchasers option for additional $150M.
MARA Q1 2025 revenue $214M (+30% YoY); bitcoin holdings rise 174% to 47,531
Revenue of $214 million, up 30% year-over-year.
MARA enters $2.0B at-the-market offering; terminates prior $1.5B ATM
New ATM allows sale of up to $2.0B in common stock through multiple agents.
MARA reports record-high revenue, net income, and adjusted EBITDA for FY and Q4 2024
Full-year 2024 record-high revenue, net income, adjusted EBITDA; BTC yield per share 62.9%.
Shareholders approved Charter Amendment to raise authorized common shares from 500M to 800M, effective Feb 19, 2025.
MARA closes acquisition of Texas wind farm with 240 MW capacity
Wind farm has 240 MW interconnection and 114 MW nameplate wind capacity.
MARA Holdings issues 13M Series X Preferred shares to director for $1,300 to vote on share increase
Issued 13M Series X Preferred to lead director Douglas Mellinger for $1,300 total ($0.0001 per share).
Aggregate principal $850M; initial purchasers have option for additional $150M within 13 days.
$850M aggregate principal of 0.00% convertible notes due 2031; net proceeds ~$835.1M (or ~$982.5M with greenshoe).
MARA acquires 6,484 BTC for $618M; proposes $700M zero-coupon convertible note offering
Acquired 6,484 bitcoin for $618.3M ($95,352 avg) during Oct 1–Nov 30, 2024.
$1B aggregate principal of 0% convertible senior notes due 2030 sold, including $150M from full greenshoe exercise.
Offers $850M zero-coupon convertible notes due 2030, upsized from $700M; initial conversion price ~$25.91 per share.
MARA Holdings Reports Q3 2024 Financial Results
On November 12, 2024, MARA Holdings issued a shareholder letter for Q3 2024 financial results.
Kevin DeNuccio and Said Ouissal resigned from board effective Sept 1, 2024 for personal reasons; no disagreement.
MARA closes $300M convertible note offering; buys $249M in bitcoin immediately
$300M aggregate principal of 2.125% convertible senior notes due 2031, net proceeds ~$292.5M.
Marathon Digital prices $250M 2.125% convertible notes due 2031; greenshoe upsized to $50M
$250M aggregate principal of 2.125% convertible senior notes due 2031 priced.
MARA Q2 revenue up 78% to $145.1M but net loss widens to $199.7M on $148M digital asset write-down
Revenue $145.1M (+78% YoY); net loss $199.7M ($0.72/share) vs $9.0M loss a year ago.
Marathon Digital Q1 revenue +223% to record $165.2M; net income $337.2M ($1.26 EPS)
Record Q1 revenue $165.2M (up 223% YoY); net income $337.2M (up 184% YoY) or $1.26 diluted EPS.
Marathon Digital closes acquisition of 200-MW Bitcoin mining data center in Texas
Acquired 200-MW Bitcoin mining data center from Applied Digital in Garden City, Texas.
Marathon Digital to acquire 200MW bitcoin mining data center for $87.3M from Applied Digital
Purchase price $87.3M in cash (~$437K/MW); expected close Q2 2024.
Marathon Digital (MARA) FY2023: record revenue $387.5M, net income $261.2M, BTC production 12,852
Revenue $387.5M (+229% YoY); net income $261.2M ($1.06/diluted) vs prior year loss of $694M.
Marathon Digital closes acquisition of 390 MW Bitcoin mining sites from Generate Capital
Acquired two operational Bitcoin mining sites totaling 390 MW from Generate Capital.
each of Kevin DeNuccio and Said Ouissal notified the board of directors (the “Board”) of MARA Holdings, Inc. (the “Company”) of his decision to resign from the Board, effective as of September 1, 2024
each of Kevin DeNuccio and Said Ouissal notified the board of directors (the “Board”) of MARA Holdings, Inc. (the “Company”) of his decision to resign from the Board, effective as of September 1, 2024
the Board appointed each of Janet George and Barbara Humpton to serve as a director on the Board, filling the vacancies created by the aforementioned resignations, effective immediately.
the Board appointed each of Janet George and Barbara Humpton to serve as a director on the Board, filling the vacancies created by the aforementioned resignations, effective immediately.
On April 1, 2024, the Board of Directors (the “Board”) of Marathon Digital Holdings, Inc. (the “Company”), acting pursuant to the authority granted under the Company’s amended and restated bylaws, appointed Vicki Mealer-Burke to serve as a Class III director.
Marathon Digital Holdings, Inc. (the “Company”) appointed Salman Khan as its new Chief Financial Officer, effective as of June 14, 2023.
On March 27, 2023, Hugh Gallagher, the Chief Financial Officer of Marathon Digital Holdings, Inc. (the “Company”), provided notice to the Company of his intention to retire as the Company’s Chief Financial Officer on or about May 12, 2023 for personal reasons.
Effective November 21, 2022, John Lee was appointed Chief Accounting Officer of the Company.
Also on November 21, 2022, Sim Salzman resigned as the Company’s Chief Accounting Officer.
Effective March 31, 2022, Hugh Gallagher was appointed Chief Financial Officer of the Company, with Sim Salzman being appointed as the Company’s Chief Accounting Officer.
Effective March 31, 2022, Douglas Mellinger was appointed as a director to the Board of Directors of Marathon Digital Holdings, Inc. (the “Company”) to fill the vacancy created by Merrick Okamoto’s departure at the end of 2021.
Effective March 31, 2022, Hugh Gallagher was appointed Chief Financial Officer of the Company, with Sim Salzman being appointed as the Company’s Chief Accounting Officer.
Max materiality 0.90 · Median 0.70 · Most common event other_material