UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from _______to______ MARATHON DIGITAL HOLDINGS, INC. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer ...

Marathon Digital Holdings, Inc. (NASDAQ:MARA) Q3 2022 Earnings Conference Call November 8, 2022 4:30 PM ET Company Participants Charlie Schumacher - Director, Corporate Communications Frederick Thiel - CEO & Executive Chairman Hugh Gallagher - CFO Conference Call Participants Jonathan Petersen - Jefferies Chase White - Compass Point Research & Trading Stephen Glagola - Cowen Brian Dobson - Chardan Capital Kevin Dede - H.C. Wainwright & Co. Gus Gala - Truist Securities Lucas Pipes - B. Riley Securities Opera ...

| --- | --- | --- | |----------------|-------|------------------| | | | | | | | | | | | | | | | | | NASDAQ: MARA | | SEPTEMBER 2022 | SAFE HARBOR STATEMENT Statements made in this presentation include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements can be identified by the use of words such as "may," "will," "plan," "should," "expect," "anticipate," "estimate ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from _______to______ MARATHON DIGITAL HOLDINGS, INC. (Exact Name of Registrant as Specified in Charter) | Nevada | 001-36555 | 01-0949984 | | --- | --- | ...

Financial Data and Key Metrics Changes - The company reported a net loss of $191.6 million for Q2 2022, compared to a net loss of $108.9 million in the same period last year, marking an increase in loss of $82.7 million [15][20]. - Revenue for the quarter was $24.9 million, down from $29.3 million in Q2 2021, a decrease of $4.4 million driven by lower revenue per bitcoin mined [16][18]. - Adjusted EBITDA was a loss of $147.2 million, compared to a loss of $105.2 million in the prior year, reflecting a decline of $42.1 million primarily due to the decline in carrying value of digital assets [21]. Business Line Data and Key Metrics Changes - Bitcoin production was significantly impacted by downtime and maintenance issues, resulting in approximately 45% less bitcoin produced than the theoretical capacity if operating at 90% uptime [11]. - The company faced operational challenges, including a severe storm that damaged the power plant, affecting 30,000 miners, which represented about 75% of the active fleet at that time [11][12]. Market Data and Key Metrics Changes - Bitcoin's price declined approximately 56% during the quarter, while energy prices increased due to geopolitical factors, compressing margins across the industry [8][9]. - The global hash rate growth was slower than anticipated, with multiple downward adjustments in the difficulty rate since May [8]. Company Strategy and Development Direction - The company aims to grow as a leader in the bitcoin ecosystem by maintaining a lean operation and asset-light model, avoiding large capital expenditures for data centers or power assets [9][30]. - Recent strategic moves include securing new hosting arrangements and expanding agreements to achieve prior hash rate targets, with a focus on energy efficiency and cost reduction [32][34][36]. Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging macro environment but expressed confidence in the company's resilience and ability to capitalize on opportunities to improve operational and financial positions [30][41]. - The company is optimistic about energizing miners in Texas and achieving a target of 23.3 exahash by mid-2023, with a focus on deploying the most energy-efficient mining fleet [34][37]. Other Important Information - The company withdrew 4,769 bitcoin from its investment fund, transferring them into direct company ownership, which will no longer be subject to mark-to-market accounting [24]. - The company entered into a $100 million term loan and refinanced its revolving credit facility, securing additional liquidity [25][26]. Q&A Session Summary Question: Update on rigs and energization timeline - Management confirmed that miners will be energized in increments and expects full energization of 68,000 miners by the end of September [45]. Question: Plans for severe downturns in the crypto market - The company has structured power agreements to allow for curtailment of mining operations if unprofitable, providing financial flexibility [47]. Question: Comparison with other miners - The company operates an asset-light model, providing flexibility and resilience compared to vertically integrated peers [50]. Question: Future potential of dividends - Management indicated that dividends are not currently in the plan but may be considered in the future [54]. Question: Plans for additional shares and dilution - The company will continue to tap equity markets for growth, maintaining a focus on long-term capital structure [55]. Question: Mining other cryptocurrencies - The company remains focused solely on Bitcoin, with potential experimentation for learning purposes [56].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from _______to______ MARATHON DIGITAL HOLDINGS, INC. (Exact Name of Registrant as Specified in Charter) | Nevada | 001-36555 | 01-0949984 | | --- | --- | ...

Marathon Digital Holdings, Inc. (NASDAQ:MARA) Q1 2022 Earnings Conference Call May 4, 2022 4:30 PM ET Company Participants Charlie Schumacher - Vice President, Corporate Communications Fred Thiel - Chairman and Chief Executive Officer Hugh Gallagher - Chief Financial Officer Conference Call Participants Lucas Pipes - B. Riley Securities Jon Petersen - Jefferies Kevin Dede - H.C. Wainwright Chase White - Compass Point Zach Sippel - D.A. Davidson Operator Good day, ladies and gentlemen. Welcome to Marathon Di ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from _______to______ MARATHON DIGITAL HOLDINGS, INC. (Exact Name of Registrant as Specified in Charter) | Nevada | 001-36555 | 01-0949984 | | --- | --- | --- ...

| --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------|-------|-------|-------|-------|----------|-------------------------------|-------|-------| | | | | | | | | | | | | | | | | Building | | | | | | | | | | | America's Leading Enterprise | | | | Nasdaq: MARA December 2021 | | | | | | Bitcoin Miner | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 1 Safe Harbor Statement Statements made in this presentation include forw ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (D) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from _______to______ MARATHON DIGITAL HOLDINGS, INC. (Exact Name of Registrant as Specified in Charter) | Nevada | 001-36555 | 01-0949984 | | --- | - ...