Marathon

Marathon Digital Holdings Reports Third Quarter 2023 Results

Retrieved on: 
Wednesday, November 8, 2023

“We made significant progress on our 2023 strategic priorities in the third quarter,” said Fred Thiel, Marathon’s chairman and CEO.

Key Points: 
  • “We made significant progress on our 2023 strategic priorities in the third quarter,” said Fred Thiel, Marathon’s chairman and CEO.
  • Second, we experienced significantly higher uptime as optimization efforts helped increase our U.S. average operational hash rate 18% from last quarter to 14.2 exahashes.
  • “In preparation for next year's halving, we took proactive measures to strengthen our financial position during the quarter.
  • We expect to continue strengthening Marathon’s position as one of the largest and most energy-efficient Bitcoin mining operations globally.”
    Marathon Digital Holdings will hold a webcast and conference call today, November 8, at 4:30 p.m. Eastern time to discuss its financial results for the quarter ended September 30, 2023.

Marathon Digital Holdings Continues International Expansion with 100% Renewably Powered Bitcoin Mining Project in Paraguay

Retrieved on: 
Tuesday, November 7, 2023

Fort Lauderdale, FL, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, has launched its second international deployment with a 27 megawatt Bitcoin mining project in Paraguay that is completely powered by renewable, hydro energy. The first miners are onsite and currently being prepared for installation and energization.

Key Points: 
  • Fort Lauderdale, FL, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, has launched its second international deployment with a 27 megawatt Bitcoin mining project in Paraguay that is completely powered by renewable, hydro energy.
  • On October 16, 2023, Marathon entered into an agreement with Penguin Infrastructure Holding (“Penguin Group”), whose mission is to transform energy into human potential in Paraguay, to launch a Bitcoin mining project near Paraguay’s Itaipu Dam.
  • We believe this project may serve as an excellent case study for the value Bitcoin mining can bring to regions with excess power.
  • Future changes in the network-wide mining difficulty rate or Bitcoin hash rate may also materially affect the future performance of Marathon's production of bitcoin.

Closure Plan Approved for Generation Mining’s Marathon Palladium-Copper Project – Major Milestone Met

Retrieved on: 
Tuesday, November 7, 2023

Generation Mining Limited (TSX:GENM)(OTCQB: GENMF)(“Gen Mining” or the “Company”) is pleased to announce that the province of Ontario has accepted and filed the Closure Plan for the Marathon Palladium-Copper Project.

Key Points: 
  • Generation Mining Limited (TSX:GENM)(OTCQB: GENMF)(“Gen Mining” or the “Company”) is pleased to announce that the province of Ontario has accepted and filed the Closure Plan for the Marathon Palladium-Copper Project.
  • This represents another major milestone in the permitting process for the Marathon Palladium-Copper Project.
  • The Marathon Palladium-Copper Project is a valuable and strategic asset containing critical metals that are needed to support emissions controls and the transition to a greener economy.
  • In August 2023 we received our Endangered Species Act Permit and in September the Company received the Environmental Compliance Approval issued by the Ministry of Environment, Conservation and Parks for air and noise emissions for the Marathon Project.

Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for October 2023

Retrieved on: 
Friday, November 3, 2023

Fort Lauderdale, FL, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, today published unaudited bitcoin (“BTC”) production and miner installation updates for October 2023.

Key Points: 
  • Reported bitcoin holdings exclude 571 BTC that have been pledged as collateral in a hedge transaction.
  • With both hash rate and bitcoin production increasing, Marathon opted to sell 961 BTC to cover its associated direct costs.
  • The company intends to sell a portion of its bitcoin holdings in future periods to support monthly operations, manage its treasury, and for general corporate purposes.
  • Future changes in the network-wide mining difficulty rate or Bitcoin hash rate may also materially affect the future performance of Marathon's production of bitcoin.

Marathon Digital Holdings Announces Energization of Its First Bitcoin Mining Pilot Project Powered by Renewable, Off-Grid Energy from a Landfill

Retrieved on: 
Thursday, November 2, 2023

The pilot project is currently fully energized and operational.

Key Points: 
  • The pilot project is currently fully energized and operational.
  • By doing so, Marathon may be able to help reduce greenhouse gas emissions while utilizing a completely renewable and off-grid energy source to power its Bitcoin miners.
  • In that event, the value of our securities could decline, and you could lose part or all of your investment.
  • Future changes in the network-wide mining difficulty rate or Bitcoin hash rate may also materially affect the future performance of Marathon's production of bitcoin.

Blockchain Life 2023: Shaping Trends for the Upcoming Bull Run

Retrieved on: 
Wednesday, November 1, 2023

Blockchain Life has become the center of crypto activities, as well as one of the largest and most important events in the world, summing up the Crypto Year.

Key Points: 
  • Blockchain Life has become the center of crypto activities, as well as one of the largest and most important events in the world, summing up the Crypto Year.
  • Once again, traditionally accompanied by the growth of Bitcoin and a bunch of side events, Blockchain Life 2023 took place in Dubai.
  • I'm sure our attendees made wise choices for their portfolios, and we expect the upcoming Bull Run to further amplify their profits.” – said Sergei Khitrov, the organizer of Blockchain Life.
  • Organizers of Blockchain Life 2023 – Listing.Help, Jets.Capital
    General Sponsor of Blockchain Life 2023 and AfterParty – Uminers.

Marathon Gold Confirms Valentine Gold Project Berry Expansion Released from Provincial Environmental Assessment Process

Retrieved on: 
Monday, October 30, 2023

TORONTO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce that the Honourable Bernard Davis, Newfoundland and Labrador (NL) Minister of Environment and Climate Change, has released the proposed addition of the Berry Deposit to the Valentine Gold Project (the “Berry Pit Expansion” and the “Project”) from the provincial environmental assessment (EA) process.

Key Points: 
  • TORONTO, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce that the Honourable Bernard Davis, Newfoundland and Labrador (NL) Minister of Environment and Climate Change, has released the proposed addition of the Berry Deposit to the Valentine Gold Project (the “Berry Pit Expansion” and the “Project”) from the provincial environmental assessment (EA) process.
  • In September 2020, Marathon submitted an Environmental Impact Statement (“EIS”) for the Project to IAAC and the NLDECC pursuant to the requirements of the Canadian Environmental Assessment Act (2012) and the NL Environmental Protection Act, respectively.
  • The Valentine Gold Project was released from the provincial EA process on March 17, 2022, and the federal EA process on August 24, 2022.
  • In December 2022 Marathon released results of an Updated Feasibility Study for Valentine based on the addition of a third open pit and associated infrastructure at the Berry Complex (the “three-pit project”).

Bitcoin Price Bulls Target $40k But Savvy Traders Focus on Bitcoin Minetrix With $2.5m Investment

Retrieved on: 
Friday, October 27, 2023

Bitcoin Minetrix takes a radically different approach regarding its value differential over Bitcoin.

Key Points: 
  • Bitcoin Minetrix takes a radically different approach regarding its value differential over Bitcoin.
  • By contrast, Bitcoin Minetrix is solving real problems in a way that benefits both individual investors and Bitcoin more generally.
  • As a by-product of the team's efforts, Bitcoin Minetrix will strengthen the overall security and decentralization of the Bitcoin network.
  • As Bitcoin prepares for its biggest bull run ever, the best way to gain exposure is probably to buy into a double-threat like Bitcoin Minetrix.

Bitcoin Price Bulls Target $40k But Savvy Traders Focus on Bitcoin Minetrix With $2.5m Investment

Retrieved on: 
Friday, October 27, 2023

Bitcoin Minetrix takes a radically different approach regarding its value differential over Bitcoin.

Key Points: 
  • Bitcoin Minetrix takes a radically different approach regarding its value differential over Bitcoin.
  • By contrast, Bitcoin Minetrix is solving real problems in a way that benefits both individual investors and Bitcoin more generally.
  • As a by-product of the team's efforts, Bitcoin Minetrix will strengthen the overall security and decentralization of the Bitcoin network.
  • As Bitcoin prepares for its biggest bull run ever, the best way to gain exposure is probably to buy into a double-threat like Bitcoin Minetrix.

Generation Mining Announces C$15 Million Bought Deal Financing

Retrieved on: 
Friday, October 27, 2023

TORONTO, Oct. 27, 2023 (GLOBE NEWSWIRE) -- Generation Mining Limited (TSX:GENM) ("Gen Mining" or the "Company") is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood”) sole underwriter and bookrunner, pursuant to which Haywood has agreed to purchase, on a bought deal basis, (i) 42,858,000 units (the “Units”) in the capital of the Company at a price of C$0.28 per Unit (the “Issue Price”), and (ii) 9,678,000 flow-through units (the “FT Units” and together with the Units, the “Offered Securities”) in the capital of the Company at a price of $0.32 per FT Unit (the “FT Issue Price”) for aggregate gross proceeds to the Company of $15,000,420 (the “Offering”).

Key Points: 
  • Each Unit will consist of one common share (a “Common Share”) in the capital of the Company and one-fifth (1/5) of one common share purchase warrant (each whole common share purchase warrant, a “Warrant”) of the Company.
  • Each FT Unit will consist of one Common Share that will qualify as a “flow-through share” and one-fifth (1/5) of one Warrant.
  • The Offered Securities will be offered by way of a short form prospectus to be filed in all provinces of Canada, except Québec.
  • Securities Act”), and other jurisdictions outside of Canada provided that no prospectus filing or comparable obligation arises.