Marathon Digital

investment firm

About

Marathon is a digital asset technology company that mines cryptocurrencies and focuses on securing and supporting the Bitcoin ecosystem.

Details

Last Funding Type
Post-IPO Debt
Last Funding Money Raised
$100M
Industries
Bitcoin,Blockchain,Cryptocurrency,FinTech
Founded date
Jan 1, 2013
Operating Status
Active
Stock Symbol
nasdaq:MARA
Legal Name
Marathon Digital Holdings, Inc.
Also Known As
Marathon Digital Holdings,Marathon,Mara

Marathon is a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. Marathon Digital Holdings aims to build the largest mining operation in North America at one of the lowest energy costs. Marathon helps its customers gain exposure to Bitcoin in your portfolio without having to deal with the complications of holding the asset directly.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
5
$720M
Marathon Digital has raised a total of $720M in funding over 2 rounds. Their latest funding was raised on Aug 1, 2022 from a Post-IPO Debt round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Aug 1, 2022 Post-IPO Debt $100M 1 Silvergate Bank Detail
Nov 15, 2021 Post-IPO Equity $500M Detail
Oct 4, 2021 Post-IPO Debt $100M 1 Silvergate Bank Detail
Jul 22, 2021 Post-IPO Equity $20M Detail
Feb 9, 2012 IPO Detail

Investments

Number of Investments
Number of Lead Investments
2
2
Marathon Digital has made 2 investments. Their most recent investment was on Oct 6, 2022, when Compute North raised $21.30M.
Date Company Name
Round Money Raised Industry Lead Investor
Oct 6, 2022 Compute North
Debt Financing $21.30M Blockchain Yes
Oct 6, 2022 Compute North
Series Unknown $10M Blockchain Yes

Investors

Number of Lead Investors
Number of Investors
2
1
Marathon Digital is funded by 1 investors. Silvergate Bank are the most recent investors.
Investor Name Lead Investor Funding Round
Silvergate Bank Yes Post-IPO Debt

Employee Profiles

Number of Employee Profiles
4
Marathon Digital has 4 current employee profiles, including Executive Fred Thiel
Executive
Executive
Executive
Executive