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American patent holding company From Wikipedia, the free encyclopedia
Marathon Digital 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.[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[4] and in 2021 it was known for its purchases of bitcoin[5] and bitcoin mining equipment[6] 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.[7]
Formerly |
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Company type | Public |
Founded | February 23, 2010 |
Headquarters | Fort Lauderdale, Florida, U.S. |
Key people | Fred Thiel (CEO) |
Revenue | ![]() |
Total assets | ![]() |
Number of employees | approx. 150 (July 2024) |
Website | mara |
Footnotes / references [1] |
The company changed its name to Marathon Digital Holdings, effective March 1, 2021. Its chief executive officer is Fred Thiel.[8]
In December 2023, Marathon Digital acquired two currently operational Bitcoin mining sites from subsidiaries of Generate Capital for $178.6 million.[9]
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.[10]