Marathon Digital Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. The company was founded on February 23, 2010 and is headquartered in Las Vegas, NV.
The company was formerly known as Marathon Patent Group and was the
patent holding company
A patent holding company (PHC) exists to hold patents on behalf of one or more other companies but does not necessarily manufacture products or supply services based upon the patents held.
Patent holding companies may exist for tax reasons. Pate ...
that is the parent of
Uniloc
Uniloc Corporation was a company founded in Australia in 1992.
History
The Uniloc technology is based on a patent granted to the inventor Ric Richardson who was also the founder of the Uniloc Company. The original patent application was date ...
, allegedly a
patent troll
In international law and business, patent trolling or patent hoarding is a categorical or pejorative term applied to a person or company that attempts to enforce patent rights against accused infringers far beyond the patent's actual value or ...
company.
Marathon purchased patents related to encryption in the 2010s and in 2021 it was known for its purchases of
bitcoin
Bitcoin ( abbreviation: BTC; sign: ₿) is a decentralized digital currency that can be transferred on the peer-to-peer bitcoin network. Bitcoin transactions are verified by network nodes through cryptography and recorded in a public distr ...
and
bitcoin mining
The bitcoin network is a peer-to-peer payment network that operates on a cryptographic protocol. Users send and receive bitcoins, the units of currency, by broadcasting digitally-signed messages to the network using bitcoin cryptocurrency ...
equipment and a joint venture to use 37 MW from the Hardin Generating Station Montana coal plant to power an adjacently-constructed Marathon bitcoin data center.
The company changed its name to Marathon Digital Holdings, effective March 1, 2021. Its chief executive officer is
Fred Thiel.
See also
*
Uniloc v. Microsoft
*
Uniloc
Uniloc Corporation was a company founded in Australia in 1992.
History
The Uniloc technology is based on a patent granted to the inventor Ric Richardson who was also the founder of the Uniloc Company. The original patent application was date ...
References
External links
*
{{Finance links
, name = Marathon Digital Holdings, Inc.
, symbol = MARA
, reuters = MARA.O
, bloomberg = MARA:US
, sec_cik = 1507605
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, google = MARA:NASDAQ
Companies listed on the Nasdaq
Patent monetization companies of the United States