Marathon Patent Group

Longtime Bitcoin Developer Jonas Schnelli Receives Open Source Grant

Jonas Schnelli joins other Bitcoin developers who are sponsored by high-caliber Bitcoin companies.

Tech  ·  28 January 2021

Crypto Miner Marathon Patent Group Buys $150M in Bitcoin

The Nasdaq-listed mining company wants to become a "pure-play bitcoin investment option" for Wall Street.

News  ·  25 January 2021
Bitcoin Mining

Bitcoin Miner Marathon to Raise $250M in Direct Stock Offering

The Las Vegas company has agreed to a direct offering of 12.5 million shares of common stock at $20 per share.

Business  ·  13 January 2021
Bitcoin Mining

Cryptocurrency Mining Firm Marathon’s Market Cap Passes $1B

At the crypto market's 2017 peak, Marathon barely had $50 million in market capitalization.

Markets  ·  6 January 2021
Marathon Patent Group

Bitcoin Miner Marathon Patent Group Completes $200M Capital Raise

Nasdaq-listed Marathon said it will use the funds to pay for recent hardware purchases from Bitmain and to expand its business.

Business  ·  4 January 2021
Bitcoin Mining

Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170M

The announcement comes after a holiday weekend in which the price of bitcoin hit a succession of new all-time highs.

Markets  ·  28 December 2020
Bitcoin Mining

Bitcoin Mining Stocks Soar as BTC Blows Past $20K

Share prices for publicly traded bitcoin mining companies are climbing as the leading cryptocurrency sliced through $20,000 Wednesday.

Markets  ·  16 December 2020
Bitcoin Mining

Riot, Marathon, Canaan See Record Monthly Share Gains as Bitcoin Clears All-Time High

Mining companies are soaring as bitcoin hits record highs.

Markets  ·  30 November 2020
Marathon Patent Group

Long in China’s Shadow, the US Is Becoming a Bitcoin Mining Power Again

Following a string of investments, miners are increasingly optimistic about prospects for the U.S. market in 2021.

Business  ·  25 November 2020
Bitcoin Mining

Marathon Reports Record $835K Quarterly Mining Revenue, Increased Bitcoin Holdings

Marathon is holding more bitcoin on its balance sheet than ever before.

Markets  ·  12 November 2020
Bitcoin Mining

Marathon Purchases Additional 10,000 S-19 Pro Miners From Bitmain

This marks the second 10,000+ machine order from Marathon since August.

Markets  ·  26 October 2020

Bitcoin Miner Marathon Eyes Profitability Boost Through Joint Venture with US Power Provider

The joint venture will see Marathon co-locate a bitcoin mining facility within Beowulf's Big Horn Data Hub at its 105-megawatt power station in Hardin, Montana.

Business  ·  13 October 2020
Marathon Patent Group

Marathon to Buy Fastblock for $22M in Stock, Gaining Speed and Halving Bitcoin-Mining Costs

The company gains 3,304 ASIC miners through the merger.

Markets  ·  26 August 2020
Bitcoin Mining

Marathon Brings New Bitcoin Mining Rigs Online, Sees Itself Becoming Cash-Flow Positive

The company expects 1,000 more S19 machines by December.

Markets  ·  24 August 2020

Marathon Signs New $23M Contract With Bitmain for 10,500 Bitcoin Mining Rigs

The $23 million purchase will see Marathon's bitcoin mining capacity increase drastically, turning it into one of the largest miners in North America.

News  ·  14 August 2020