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LAS VEGAS, Nov. 18, 2019 -- Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), today announced that on November 15, 2019, the Company held an annual meeting.
LAS VEGAS, Nov. 11, 2019 -- Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), today reported its operating results for the three and nine months ended.
Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), announced today the company has begun to deploy its recently acquired 6,000 S-9 Bitmain Antminers. The first Miners are being installed under a hosting agreement with Compute North at its new 100MW site in Nebraska. The Company selected Compute North because of its strategically located facilities which provide lower cost renewable energy with a high level of reliability and security.
Marathon Patent Group, Inc. (MARA) ("Marathon" or the "Company") today announced that today that The Nasdaq Stock Market LLC (“Nasdaq”) has accepted the company’s plan to regain compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which acceptance will permit the continued listing of Marathon’s common stock on the Nasdaq Capital Market (the “Capital Market”). As previously reported, on May 21, 2019, Marathon Patent Group, Inc. (“Marathon” or the “Company”) received notice from the Nasdaq Capital Market (the “Capital Market”) that the Company has failed to maintain a minimum of $2,500,000 in stockholders’ equity for continued listing as required under Listing Rule 5550(b)(1) as its Form 10-Q for the period ended March 31, 2019 reported stockholders’ equity of $2,158,192.
Marathon Patent Group, Inc. (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.
This installation increases the Company’s total Hashing capacity from approximately 14 Petahash per second pre-deployment, to a current per second rate of approximately 50 Petahash. The Company previously disclosed it had executed a hosting agreement on October 3rd, 2019 which provided for an installation schedule from the hosting company. Unfortunately, the hosting company experienced numerous delays, primarily as a result of the delayed receipt of the custom-built containers needed to house our mining equipment, resulting in only half (3,600) miners being installed as of last week.
LAS VEGAS, Aug. 01, 2019 -- Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), today reported its operating results for its second quarter for the three.
The 700 miners produce 80/Th and will generate 56 PH/s (petahash) of hashing power, compared to companies current S-9 production of 46 PH/s. These next generation MicroBT ASIC miners are markedly more energy efficient than our existing S-9 Bitmain models. The company paid $1,277,455 and the purchase was funded with cash on hand.
This compares to the companies previous S-9 production of 46 PH/s. The company paid $1,258,500.00 and was funded with cash on hand. The company expects to take delivery of these units by the end of August. On May 11, 2020, Marathon announced the purchase of 700 M30S+ (80 TH) miners.
LAS VEGAS, May 14, 2020 -- Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), today announced its operating results for the three months ended March 31, 2020..
Marathon Patent Group, Inc. (MARA) (“Marathon” or the “Company”), today announced that Jesse Lund, former Blockchain head at IBM has accepted the Company’s invitation to work with its Board of Directors in an advisory role. Mr. Lund will provide strategic guidance to the Company’s Board and management team, lending from his extensive experience in the Cryptocurrency, Blockchain, and Financial Services industries. As the Company seeks to expand its footprint in the emerging global digital economy, the Board will reap the benefit of Mr. Lund’s extensive list of relationships and in depth knowledge of opportunities to consider for acquisition, as well as his guidance on whether to build or acquire businesses that may offer the best opportunities for future growth for the Company.
LAS VEGAS, March 23, 2020 -- Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), today announced its operating results for the twelve months ended December 31,.