Marathon Digital Holdings Inc

NASDAQ:MARA   3:59:59 PM EDT
30.64
+0.70 (+2.34%)
4:46:42 PM EDT: $30.62 -0.02 (-0.07%)
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Marathon Digital Holdings Announces Binding Letter Of Intent With Compute North To Host 300-Megawatts Of Bitcoin Mining At New Data Center

Published: 05/24/2021 12:25 GMT
Marathon Digital Holdings Inc (MARA) - Marathon Digital Holdings Announces Binding Letter of Intent With Compute North to Host 300-megawatts of Bitcoin Mining at New Data Center.
Marathon Digital Holdings Inc - Will Provide Compute North With an 18-month Bridge Loan of Up to $67 Million, in Tranches, to Construct Facility.
Marathon Digital Holdings Inc - Initial Term of Contract is Three Years With Increases Capped at Three Percent per Year Thereafter.
Marathon Digital Holdings Inc - Implementation is Planned to Take Place in Stages Between October 2021 and March 2022.
Marathon Digital Holdings - Once All Miners Are Deployed by End of Q1 2022, Hashrate Will Be 10.37 Eh/s, and Operations Will Be 70% Carbon Neutral.