Marathon

Marathon Gold Confirms Berry Regulatory Assessment Process Proceeding to Plan

Retrieved on: 
Wednesday, August 30, 2023
Feasibility study, Environmental impact assessment, IAA, Leprechaun, Marathon, Impact Assessment Act and Canadian Energy Regulator Act, EA, EIS, Environmental issues, Long Harbour Nickel Processing Plant, Climate change, Rehabilitation, MRE, Person, MOZ, Decision, IAAC, National instrument, NI, Mining, Impact Assessment Agency of Canada, Project, Canadian Environmental Assessment Act, 2012, TSX, NL, Environment, News, Cryptocurrency

This means that the assessment and subsequent permitting of the Berry Complex can proceed as previously anticipated, comprising an Environmental Assessment (“EA”) of a “new undertaking” by the provincial regulator, and a modified Decision Statement by the federal regulator.

Key Points: 
  • This means that the assessment and subsequent permitting of the Berry Complex can proceed as previously anticipated, comprising an Environmental Assessment (“EA”) of a “new undertaking” by the provincial regulator, and a modified Decision Statement by the federal regulator.
  • The scope of assessment for the EIS included two mining pits and related infrastructure (the Marathon and Leprechaun Complexes), a Processing Plant, a Tailings Management Facility, and associated site facilities (the “two-pit project”).
  • The Valentine Gold Project was released from the provincial EA process on March 17, 2022, and the federal EA process on August 24, 2022.
  • Marathon filed environmental assessment registration materials for Berry to the NLDECC and IAAC on August 11, 2023, following the completion of an effects assessment and consultation with both the provincial and federal regulators, Indigenous groups, communities, and stakeholder organizations.

Maybank Marathon 2023, 'Elite' Label Road Race, achieves active participation of over 13,600 runners

Retrieved on: 
Monday, August 28, 2023
Cream, IDR, Herbalife, Garmin, Indonesian Red Cross Society, Metro, Bali Marathon, The Jakarta Post, Elite, Marathon, Maybank, Tempo, Metro TV, Record, Time in Indonesia, Boston Athletic Association, Cardiff Half Marathon, Jawa Pos, Athlete, Jason Pramas, BMW, RS, Bali Safari and Marine Park, PASI, Half marathon, Indonesian Athletics Association, World Athletics, TBK, Safety, Satellite navigation device, Auction, Hotel, Entertainment, New Balance, Aqua, Rexona

More than 13,600 runners from 50 countries enthusiastically participated in the 12th edition of the Maybank Marathon 2023.

Key Points: 
  • More than 13,600 runners from 50 countries enthusiastically participated in the 12th edition of the Maybank Marathon 2023.
  • As midday approached, the organizing committee of Maybank Marathon 2023 announced the race winners and concluded the series of events for the 'Elite' label road race endorsed by World Athletics.
  • He extended his heartfelt appreciation to all stakeholders who contributed to the execution of the 'Elite' label road race, Maybank Marathon 2023.
  • "On this occasion, we congratulate all participants who have triumphed and earned rewards from this year's 'Elite' label road race, the Maybank Marathon.

Marathon Gold Announces 2023 Second Quarter Results

Retrieved on: 
Thursday, August 10, 2023
Capital expenditure, Leprechaun, Marathon, Star Lake, NSR, MRE, Person, Sale, National instrument, NI, Project, NL, KV, News, Cryptocurrency, Life insurance, Geology, Franco-Nevada

General and administrative expenses increased from $0.86 million and $3.18 million in the three and six months ended June 30, 2022, respectively, to $4.45 million and $6.21 million in the comparable period in 2023.

Key Points: 
  • General and administrative expenses increased from $0.86 million and $3.18 million in the three and six months ended June 30, 2022, respectively, to $4.45 million and $6.21 million in the comparable period in 2023.
  • Finance income, net increased from $0.18 million and $0.28 million in the three and six months ended June 30, 2022, respectively, to $5.64 million and $6.71 million in the comparable period in 2023.
  • (NL), Vice President, Regulatory and Government Affairs for Marathon and Mr. David Ross, P.Geo.
  • (NL), of APEX Geoscience Ltd. is a Qualified Person for purposes of NI 43-101, is independent of Marathon and the Valentine Gold Project, and has reviewed and takes responsibility for the updated 2022 MRE prepared by John T. Boyd Company.

Marathon Digital Holdings Reports Second Quarter 2023 Results

Retrieved on: 
Tuesday, August 8, 2023
Bitcoin, Marathon, Risk, Miner, Annual report, Marathon Digital, Webcast, Bank statement, Cryptocurrency

We produced a record 2,926 bitcoin during the second quarter, representing approximately 3.3% of the Bitcoin network rewards available during the period.

Key Points: 
  • We produced a record 2,926 bitcoin during the second quarter, representing approximately 3.3% of the Bitcoin network rewards available during the period.
  • “In addition to our operational progress, we also improved our financial position during the quarter.
  • We look forward to further growing our position as a leader in the Bitcoin mining space in the quarters ahead.”
    Marathon Digital Holdings will hold a webcast and conference call today, August 8, at 4:30 p.m. Eastern time to discuss its financial results for the quarter ended June 30, 2023.
  • If any of these risks were to occur, our business, financial condition or results of operations would likely suffer.

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

Retrieved on: 
Thursday, August 3, 2023
Bitcoin, Marathon Digital, BTC, Marathon, Cryptocurrency

FORT LAUDERDALE, Fla., Aug. 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 July 2023.

Key Points: 
  • - JV in Abu Dhabi Began Mining Operations; Produced 17 BTC in July
    - Reported Unrestricted Cash and Cash Equivalents of $115 Million and Increased Unrestricted Bitcoin Holdings to 12,964 BTC (c. $379 Million) as of July 31, 2023
    FORT LAUDERDALE, Fla., Aug. 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 July 2023.
  • “The increases in our bitcoin production were due to increased operational hash rate and improved uptime.
  • We mined 179 blocks in July, whereas we mined 144 blocks last month and 171 blocks in May when high transaction fees boosted our reported bitcoin production.
  • As of July 31, the JV’s operational hash rate grew to 1.2 exahashes, and we continue to expect the project’s full 7.0 exahashes to be online before year-end 2023.”

Theratechnologies Announces Amendments to its Term Loan Facility With Affiliates of Marathon Asset Management

Retrieved on: 
Friday, July 28, 2023
Senior, Marathon, Credit agreements in South Africa, EBITDA, Marathon Asset Management, TSX, Growth, Credit, News, Property management, Security (finance)

MONTREAL, July 28, 2023 (GLOBE NEWSWIRE) -- Theratechnologies Inc. (“Theratechnologies”, the “Company”, or “we”) (TSX: TH) (NASDAQ: THTX), a biopharmaceutical company focused on the development and commercialization of innovative therapies, today announced that it entered into an agreement with certain funds and accounts for which Marathon Asset Management, L.P. acts as investment manager (collectively, “Marathon”) to amend some of the terms and conditions of its credit agreement entered into in July 2022 (the “Credit Agreement”) to lower the minimum liquidity the Company must maintain at any time to US$15 million from US$20 million.

Key Points: 
  • The amendments provide, inter alia, that the Company must hold this minimum amount of liquidity at all times up to and until October 31, 2023, and must comply with all of the other terms and conditions of the Credit Agreement.
  • The Company is taking the necessary steps to ensure continued compliance with the liquidity covenant in the future.
  • Under the Credit Agreement, the Company was required to hold a minimum of US$20 million at all times in cash and other liquid investments.
  • The terms and conditions related to the obligation to maintain a minimum amount of liquidity under the Credit Agreement have previously been amended and the last amendment was valid until July 28, 2023.

Sound Partners' Marathon HVAC Services Expands Presence in Los Angeles with Acquisition of Kappl Heating & Air Conditioning

Retrieved on: 
Thursday, July 27, 2023
Professional Services, Small Business, Finance, Construction & Property, Building Systems, Consulting, HVAC, Growth, Acquisition, Atmosphere, Family, Marathon, San Fernando Valley, Heating, ventilation, and air conditioning, Petroleum

Marathon HVAC Services , a prominent player in residential HVAC services in Southern California and portfolio company of Sound Partners, is pleased to announce the successful acquisition of Kappl Heating & Air Conditioning .

Key Points: 
  • Marathon HVAC Services , a prominent player in residential HVAC services in Southern California and portfolio company of Sound Partners, is pleased to announce the successful acquisition of Kappl Heating & Air Conditioning .
  • This strategic acquisition further strengthens Marathon's position as a key player in the Los Angeles region's residential HVAC market.
  • Kappl Heating & Air Conditioning, a second-generation family business established in 1987, has established a strong reputation for delivering exceptional heating and air conditioning solutions to customers throughout the San Fernando Valley.
  • This acquisition marks another milestone for Marathon HVAC Services as it rapidly expands its footprint in the Los Angeles market.

Marathon Digital Holdings Schedules Conference Call for Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, July 26, 2023
Bitcoin, Q&A, Marathon, Risk, Marathon Digital, Annual report, Financial result, Webcast, Bank statement, Cryptocurrency

FORT LAUDERDALE, Fla., July 26, 2023 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, will hold a webcast and conference call on Tuesday, August 8, 2023, at 4:30 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2023.

Key Points: 
  • FORT LAUDERDALE, Fla., July 26, 2023 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, will hold a webcast and conference call on Tuesday, August 8, 2023, at 4:30 p.m. Eastern time to discuss its financial results for the second quarter ended June 30, 2023.
  • Financial results will be published in a press release prior to the call and available on the investor relations section of the Company’s website .
  • To register to participate in the conference call, or to listen to the live audio webcast, please use this link .
  • If any of these risks were to occur, our business, financial condition or results of operations would likely suffer.

Marathon Asset Management Closes $1.7 Billion Asset-Based Lending Fund

Retrieved on: 
Monday, July 10, 2023
Professional Services, Other Professional Services, Finance, Asset Management, Consulting, Banking, ABL, Aviation, Golden Era, Transport, Woman, Fund, Investment, Marathon, Marathon Asset Management, Security (finance)

Marathon Asset Management (“Marathon”), a leading global credit investment manager, today announced the final close for Marathon Secured Private Strategies Fund III, the third vintage of its closed-end asset-based lending (“ABL”) fund.

Key Points: 
  • Marathon Asset Management (“Marathon”), a leading global credit investment manager, today announced the final close for Marathon Secured Private Strategies Fund III, the third vintage of its closed-end asset-based lending (“ABL”) fund.
  • The Fund, which was oversubscribed, accepted $1.7 billion of capital commitments from a global base of institutional and high net worth investors.
  • As traditional lenders have downsized their lending programs, Marathon’s ABL strategy is designed to pursue compelling returns for clients by creating a diversified portfolio through sourcing, underwriting, and structuring attractive private investments that exhibit principal protection, robust asset coverage and predictable cashflows.
  • In addition to originating loans, Marathon intends to capitalize on the increase of secondary loan market opportunities, as select undercapitalized financial institutions seek to improve their financial condition through asset sales.

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

Retrieved on: 
Wednesday, July 5, 2023
Bitcoin, Zayed Port, Marathon, Economics, Gamer, Marathon Digital, Mining, Ideation, BTC, End, Cryptocurrency, Ordinal

FORT LAUDERDALE, Fla., July 05, 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 June 2023.

Key Points: 
  • - JV in Abu Dhabi Began Mining Operations, on Track for 7 EH/s by Year End
    - Reported Unrestricted Cash and Cash Equivalents of $114 Million and Increased Unrestricted Bitcoin Holdings to 12,538 BTC (c. $382 Million) as of June 30, 2023
    FORT LAUDERDALE, Fla., July 05, 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 June 2023.
  • “We produced 979 bitcoin in June, down 21% from last month and up 599% from June 2022,” said Fred Thiel Marathon’s chairman and CEO.
  • The speed of execution from ideation to production is a testament to Marathon’s significant technology expertise and our growing team of mining professionals.
  • Note despite this progress, the reported operational hash rate of 21.8 exahashes and 23 exahash guidance remain exclusive of the JV.”