Stay Up to Date with the Latest Research & Insights from MARA

In Finland, Marathon Digital Holdings' launched a 2-megawatt pilot project to warm a community of 11,000 residents with recycled heat from digital asset computing.

From securing the digital frontier of #Bitcoin to optimizing AI edge computing and beyond, our two-phase immersion cooling technology is the bridge to efficient and powerful solutions. Marathon CEO Fred Thiel shares the potential of 2PIC by MARA.

During President William Ruto's State Visit to the US, we entered into an agreement with the Ministry of Energy and Petroleum of Kenya to invest over $80 million in establishing green data centers to boost renewable energy utilization and optimization in the Republic of Kenya.

The agreement was signed at the U.S. Chamber of Commerce this morning by Chairman and CEO Fred Thiel and Republic of Kenya Prime Cabinet Secretary, Hon. Musalia Mudavadi, E.G.H. Read the full press release: https://ir.mara.com/news-events/press...

Explore our strategic evolution to a vertically integrated, cost-efficient bitcoin mining model as CEO Fred Thiel discusses our 20% operational cost reduction and enhanced scale.

View the latest Bitcoin mining production figures from Marathon Digital Holdings. To learn more, visit ir.mara.com

During the 2024 AMCham Business Summit in Nairobi, Kenya’s president William Samoei Ruto met with the MARA team to discuss how our digital asset data centers can spur energy development in the region and foster US-East Africa trade relations.

MARA is is increasing its hash rate target for fiscal year 2024 from 35-37 EH/s to 50 EH/s. Learn more: https://ir.mara.com/news-events/press...

View the latest Bitcoin mining production figures from Marathon Digital Holdings. To learn more, visit mara.com

Visit mara.com to learn more.

Marathon's Chairman & CEO Fred Thiel and CFO Salman Khan discuss the company's "portfolio" strategy and how it presents multiple opportunities for Bitcoin mining.

Marathon Digital Holdings provides an update on its international Bitcoin mining operations for January 2024.

‍

Visit mara.com to learn more.

"The Road to 23 Exahash," a 16-minute short film by Marathon Digital Holdings. In just a few short years, Marathon grew its operations by more than 11,000% to become one of the world's largest and most innovative Bitcoin mining companies. Curious how we got here? Here's the inside story.

Sharing our proof of work on January 23rd. Join us as we look back on “The Road to 23 Exahash,” a 16-minute short film of how Marathon became one of the world’s leading mining companies. Watch the official trailer.

Join us on January 23rd for “The Road to 23 Exahash”. Watch the teaser trailer here.

Marathon Digital Holdings has closed its previously announced acquisition of two operational Bitcoin mining sites, totaling 390 megawatts of operational capacity, from Generate Capital. Read the full press release.

December 2023 Production Figures | Marathon Digital Holdings

‍

MARA makes , but it's the people who make MARA. Thank you to everyone who has been part of the journey so far.

Details here: https://ir.mara.com/news-events/press-releases/detail/1334/marathon-digital-holdings-announces-bitcoin-production-and

Marathon Digital Holdings (NASDAQ: MARA) is setting the pace for the Bitcoin mining industry.

To learn more, visit http://mara.com

Celebrating a groundbreaking joint venture! In October 2023, Marathon and Zero Two proudly marked the inauguration of our state-of-the-art 200 MW immersion-cooled #Bitcoin mining facility in the United Arab Emirates.

Marathon Digital Holdings is setting the pace of the Bitcoin mining industry. Check out our October Production figures at mara.com

Marathon Digital Holdings announces the energization of its first #Bitcoin mining pilot project powered by renewable, off-grid energy from a landfill.

To learn more, read our full press release: https://ir.mara.com/news-events/press...

Marathon Digital Holdings is one of the largest, most energy efficient, and most technologically advanced Bitcoin mining companies, as well as one of the largest holders of Bitcoin (“BTC”) among publicly traded companies in North America.

We differentiate by investing in the most advanced technologies and leveraging innovative techniques to convert energy into economic value while helping keep Bitcoin’s ledger up-to-date and secure, one block at a time.

At Marathon, we either control or influence each aspect of the Bitcoin mining technology stack, from the pool down to the ASIC. We operate our own mining pool (“MaraPool”), build custom firmware, invest in hardware, and design infrastructure (e.g., immersion cooling systems). By vertically integrating our technology, we aim to improve efficiency, increase innovation, and streamline our operational processes.

Details here: https://ir.mara.com/news-events/press-releases/detail/1327/marathon-digital-holdings-announces-bitcoin-production-and

Marathon Digital Holdings (NASDAQ: MARA) is setting the pace for the Bitcoin mining industry.

To learn more, visit mara.com

‍

Details here: https://ir.mara.com/news-events/press-releases/detail/1324/marathon-digital-holdings-announces-bitcoin-production-and

Marathon Digital Holdings (NASDAQ: MARA) is setting the pace for the Bitcoin mining industry.

To learn more, visit mara.com

Details here: https://ir.mara.com/news-events/press-releases/detail/1322/marathon-digital-holdings-announces-bitcoin-production-and

Marathon Digital Holdings (NASDAQ: MARA) is setting the pace for the Bitcoin mining industry.

To learn more, visit mara.com

Dive into a new perspective of Bitcoin mining with Marathon Digital Holdings.

Watch an exclusive inside look at immersion-cooled Bitcoin mining, a first-of-its-kind perspective captured through submerged cameras. By showcasing our innovative immersion cooling systems and vertically integrated technology, we're revealing a side of Bitcoin mining that's never been seen before.

Details here: https://ir.mara.com/news-events/press-releases/detail/1320/marathon-digital-holdings-announces-bitcoin-production-and

Marathon Digital Holdings (NASDAQ: MARA) is setting the pace for the Bitcoin mining industry.

To learn more, visit http://mara.com

Details here: https://ir.mara.com/news-events/press-releases/detail/1315/marathon-digital-holdings-announces-bitcoin-production-and

Marathon Digital Holdings (NASDAQ: MARA) is setting the pace for the Bitcoin mining industry.

To learn more, visit http://mara.com

Marathon Digital Holding's CEO, Fred Thiel, discusses the milestone achievement of MARA's inaugural international Bitcoin mining expansion in the UAE in a joint venture partnership with Zero Two. The expansion leverages a unique energy consumption dynamic in the United Arab Emirates, where scorching summer temperatures exceeding 100 degrees fahrenheit alongside high humidity lead to a substantial demand for energy to power air conditioning. Conversely, the winter season experiences cooler temperatures and reduced energy requirements. This energy usage asymmetry results in surplus energy generation during the winter months, which is harnessed by incorporating Bitcoin miners into the grid. This strategic integration not only balances the energy grid but also ensures the profitability of energy generation, which is employed in the desalinization process. The partnership yields advantages such as income generation from excess energy, grid stability, and the provision of cost-effective energy services to the public. This collaboration sets the stage for potential global replication of similar symbiotic ventures.

Details here: https://ir.marathondh.com/news-events...‍

Marathon Digital Holdings (NASDAQ: MARA) is setting the pace for the Bitcoin mining industry.

To learn more, visit http://mara.com

Details here: https://ir.marathondh.com/news-events...

Marathon Digital Holdings (NASDAQ: MARA) is securing and supporting the Bitcoin ecosystem by building one of the largest, most agile, and most sustainably powered #Bitcoin mining operations in the world.

To learn more, visit http://mara.com

Details here: https://ir.marathondh.com/news-events...‍

Marathon Digital Holdings (NASDAQ: MARA) is securing and supporting the Bitcoin ecosystem by building one of the largest, most agile, and most sustainably powered #Bitcoin mining operations in the world.

To learn more, visit http://mara.com

October 2022 Operational Results | Produced a record 615 #bitcoin  

Details here: https://ir.marathondh.com/news-events...

Marathon Digital Holdings (NASDAQ: MARA) is securing and supporting the Bitcoin ecosystem by building one of the largest, most agile, and most sustainably powered #Bitcoin mining operations in the world #ThinkOutsideTheBlocks.

To learn more, visit http://mara.com

Marathon Digital Holdings (NASDAQ: MARA) is focused on securing and supporting the development of the Bitcoin ecosystem.

Today, we’re building one of the largest, most agile, and most sustainable Bitcoin mining operations in the world. We’re here to help make Bitcoin more secure and more widely adopted by bringing a professional and innovative approach to securing the blockchain.

September 2022 Operational Results | Details here: https://ir.marathondh.com/news-events...‍

Marathon Digital Holdings (NASDAQ: MARA) is securing and supporting the world’s monetary network by building one of the largest, most agile, and most sustainably powered #Bitcoin mining operations in the world #ThinkOutsideTheBlocks.

Follow the white rabbit. Take the orange pill. @TheBitcoinConf 2022

In recent years, Bitcoin has emerged as a powerful force not just in the financial world, but also in the political arena. As we’ve recently seen throughout the nation, Bitcoin is increasingly becoming a bipartisan issue, with two of three presidential candidates showing support for Bitcoin.

Our recently completed private offering of $300 million in long-term convertible senior notes, with net proceeds earmarked primarily to purchase bitcoin, is a move that is not just a reflection of our confidence in bitcoin as a treasury reserve asset, but also a strategy that aligns with MARA’s long-term goals.

We have made remarkable progress in2024 thanks to the support of our dedicated shareholders. Together, we have achieved recordquarterly revenues, industry-leading energized hash rates, and deliveredinnovative products and services in digital infrastructure.

We must continue this momentum, and todo that - we need your support. On June 27^th, we will be hosting our annual meeting of shareholders. There are several proposals to bevoted on during the meeting, and we need your voice to propel our progressfurther. Watch this special message from Chairman and CEO Fred Thiel regarding the upcoming votes:

‍

‍

Understanding the Proxy Vote A proxy vote is your voice in the boardroom. It is an opportunity for you to weigh in on important matters that affect the direction and governance of Marathon Digital Holdings. Your vote ensures that your voice is heard.

Proposals to be Voted Upon

‍

- Election of Class I Directors The boardroom is where strategic decisions are made, and electing Class I directors is crucial to our continued success. We are proud to nominate  Fred Thiel, Kevin DeNuccio, and Said Ouissal for re-election, acknowledging their invaluable contributions and leadership. We encourage our shareholders to vote in support of this re-election.‍‍‍

- Ratification of Independent Auditor Transparency in financial reporting is paramount. We seek to ratify the appointment of Marcum LLP as our independent auditor, a firm that has consistently provided us with unbiased and thorough audits. Your vote for ratification is a vote for continued integrity in our financial processes. We encourage our shareholders to vote in support of this ratification.

‍- Advisory Vote on Executive Compensation This proposal gives you, the shareholders, the power to advise on how frequently you should have a say on our executive compensation. The board recommends a “Three Years” frequency, balancing the need for consistent shareholder input with the strategic long-term planning necessary for executive compensation. We encourage our shareholders to vote in support of the “Three Years” frequency.

- Amendment to the 2018 Equity Incentive Plan To attract and retain the best talent, we propose to amend our 2018 Equity Incentive Plan. This amendment will increase the number of shares reserved under the plan by 15,000,000, from 30,000,000 to 45,000,000 shares. This strategic move empowers us to incentivize performance and align the interests of our employees with those of our shareholders. We encourage our shareholders to vote in support of the amendment.

You can view our full proxy vote statement here.

The Importance of Your Vote 

Your vote empowers our proof of work to make Marathon a global institution for digital infrastructure. It is an affirmation of your trust in us to steer Marathon Digital Holdings toward a future filled with opportunity and growth. We urge you to review the detailed proposals and participate in the voting process. Cast your vote at ProxyVote.com, and if you have any questions, reach out to Marathon’s Investor Relations team at ir@mara.com. Your participation is crucial, and your voice is influential. Let us shape the future of Marathon Digital Holdings together.

‍

Integrating digital asset compute with district heating can significantly reduce carbon emissions, lower costs, and minimize waste heat, leading to enhanced sustainability and economic savings for both industries and end-users.

In this video, Fred Thiel discusses the transformative impact of Bitcoin on investment strategies and energy management. He highlights how Bitcoin, as an investment asset and a tool for various applications, is gaining traction among both nation-states and corporations. Thiel explains how MARA strategically purchases Bitcoin, utilizes convertible debt, and explores alternative cryptocurrencies like Kaspa for financial efficiency. He also addresses the growing institutional interest in Bitcoin and its potential to influence global financial systems and energy practices.

In this video Manoj Narender Madnani, MARA's Managing Director of International, explores the dynamic intersection of human interaction, AI, and blockchain technology. He highlights the enduring importance of genuine human connections despite advancements in digital tools and avatars. Manoj critiques the current state of crypto investments, noting a tendency towards speculative and short-term gains rather than sustainable development. He underscores the need for financial discipline and genuine utility in Web3 projects, while also acknowledging the potential for blockchain to drive transparency and innovation in various sectors.

In this episode of Opto Sessions, Adam Swick, the Chief Growth Officer of Marathon Digital Holdings, discussed the company's impressive journey and innovative solutions in the Bitcoin mining industry. Marathon has grown from a small team to over 100 employees, focusing on utility-scale mining, energy harvesting, and proprietary technologies to enhance efficiency and reduce energy costs. They leverage location-agnostic data centers to find the cheapest power sources and optimize operations. Their strategic growth involves acquiring new sites, developing advanced cooling technologies, and expanding their mining capacity while maintaining a commitment to sustainability and grid stability.

Despite being up 38% year-to-date, Bitcoin's recent performance has been hindered by factors such as the German government selling a large amount of Bitcoin, the upcoming distribution of Bitcoin from the Mt. Gox bankruptcy, and general macroeconomic uncertainties. Marathon Digital Holdings' CEO, Fred Thiel, highlightes that the company's strong balance sheet and diversification strategies, including energy harvesting projects and selling technology infrastructure, help mitigate the volatility of Bitcoin. The upcoming U.S. presidential election may also impact the crypto market, with differing views on Bitcoin from Trump and Biden.

The video features an interview with Adam Swick, Chief Growth Officer at Marathon Digital Holdings, the world's largest publicly traded Bitcoin miner. Swick discusses how Marathon is addressing global energy challenges by utilizing stranded energy sources such as flare gas and landfill gas for Bitcoin mining. The company operates large-scale mining sites across the U.S. and internationally, with joint ventures in countries like the UAE and Paraguay. Marathon is evolving from a Bitcoin miner to a data center company focused on utility-scale mining and decentralized, near-zero cost mining initiatives. The company is also developing advanced cooling technologies beneficial to other data centers. Swick emphasizes Marathon's strategic approach to balancing electricity supply and demand, supporting energy infrastructure, and adapting to the rapidly changing Bitcoin mining landscape with cutting-edge hardware and innovative solutions.

In this episode of The Bitcoin Layer, Nik Bhatia interviews Fred Thiel, Chairman and CEO of Marathon Digital Holdings. They discuss Marathon's recent deal with the Kenyan government to utilize the country's abundant geothermal, hydro, and solar energy resources for Bitcoin mining. This agreement is a win-win, benefiting both Marathon and Kenya by monetizing excess energy and balancing the grid. They highlight Kenya's familiarity with digital currencies like M-Pesa and the potential benefits of integrating Bitcoin to reduce commerce costs and friction. The conversation also explores the synergies between AI compute and Bitcoin mining for efficient energy use and the future prospects of decentralized energy generation and its impact on the power grid.

MARA Chairman and CEO Fred Thiel participated in a fireside chat with premier global independent investment banking advisory firm, Evercore ISI.

In this video, Marathon Digital Holdings CEO Fred Thiel discusses the profitability of Bitcoin mining post-halving. Despite Bitcoin's recent price fluctuations, mining remains lucrative due to lower production costs. Thiel explains the impact of institutional investments through Bitcoin ETFs on the market and the benefits of investing directly in miners. He also highlights Marathon's innovative energy harvesting strategies that significantly reduce mining costs by utilizing waste energy sources like methane and flare gas.

In this episode of "Trading The Close" with guest Paul Giordano from Digital Marathon Holdings, many topics are discussed such as Bitcoin's performance, the impact of the recent Bitcoin halving on crypto mining, and future prospects for digital assets.

This YouTube video features a roundtable discussion with top executives from leading public mining companies. Moderated by Natalie Bernell of the Coin Stories podcast, the panel includes Fred Thiel, CEO of Marathon Digital Holdings; Harris Basit, Chief Strategy Officer at BitDeer; Tyler Page, CEO of Cipher Mining; Zach Bradford, CEO of CleanSpark; and Nazar Khan, COO, CTO, and co-founder of TeraWolf. They discuss the impacts and future outlook of the fourth Bitcoin halving, which occurred at block 840,000, exploring changes in the mining industry, innovations, and the evolving business models in response to macroeconomic factors and technological advancements. The conversation also delves into regulatory challenges, energy efficiency, and the strategic significance of scale in mining operations.

‍

This video features an interview with Fred Thiel, CEO of Marathon Digital Holdings, conducted at the Bitcoin Policy Summit hosted by the Bitcoin Policy Institute in Washington, D.C. Thiel discusses the potential for Bitcoin mining to be environmentally beneficial by converting waste energy into useful heat, highlights a pilot program using methane from landfills for mining, and talks about the U.S. regulatory landscape for cryptocurrencies. He also explores the implications of Bitcoin's layer 2 technologies and reflects on the upcoming Bitcoin halving event, predicting its impact on the market and mining profitability.

Marathon Digital Holdings CEO, Fred Thiel, says he's excited for Bitcoin's halving and discusses the state of Bitcoin mining and Marathon's growth strategy. He speaks on "Bloomberg Crypto."

"The Value Exchange" webinar by Fidelity Digital Assets features a discussion on the 2024 Bitcoin halving with Fred Thiel, CEO of Marathon Digital Holdings. Thiel highlights the importance of energy efficiency and cost management in Bitcoin mining, especially in light of the halving event, which will reduce the reward for mining. He also introduces the concept of "energy harvesting" in mining, which involves using stranded energy sources to power mining operations.

This CNBC Crypto World video reports on recent developments in the cryptocurrency market, highlighting Bitcoin's slump after strong U.S. job growth in March, which negatively impacted hopes for an early interest rate cut by the Fed. It discusses the preparations of Marathon Digital and other Bitcoin miners for the upcoming Bitcoin halving event.

‍

In this video, Fred Thiel, CEO of Marathon Digital Holdings, addresses the control of the Bitcoin network by miners and node operators, the consensus mechanism, and the impact of the upcoming Bitcoin halving on price and mining costs. He also discusses Bitcoin's performance in the market, the adoption of Bitcoin by companies and countries, and the long-term sustainability of Bitcoin mining.

Delve into the world of Enduro, a revolutionary sidechain ecosystem launched by Marathon Digital Holdings. Julian Duran, the Product Lead at Marathon Digital Holdings, shares the exciting features of Enduro, including its focus on privacy, integration with Bitcoin core, and Ethereum Virtual Machine (EVM) compatibility for institutions. Discover how Enduro's hybrid consensus models are set to enhance transaction speeds and pave the way for a new era of DeFi on the Bitcoin network.

‍

Fred Thiel, CEO of Marathon Digital Holdings, delves into the dynamics of the recent Bitcoin rally and its implications for the Bitcoin mining industry. He explores the growing competition between large-scale Bitcoin miners and AI companies for power resources, highlighting the challenges and strategies involved. Discover how Bitcoin ETFs are influencing market liquidity and volatility, the impact on smaller miners, and the advantages of using renewable energy and load balancing in mining operations. This video provides a deep dive into the evolving landscape of Bitcoin mining and its intersection with the energy demands of AI technology.

The chairman and CEO of Marathon Digital Holdings, Fred Thiel, explains that the recent acquisition of a data center in Garden City, Texas is a strategic shift from an asset-light approach to vertical integration, allowing Marathon to own majority of its mining capacity. The purchase provides additional expansion capacity and prepares the company for the upcoming Bitcoin halving event. Marathon is also pursuing energy harvesting projects, utilizing biomass and methane from landfills for sustainable Bitcoin mining.

Marathon Digital Holdings' CEO, Fred Thiel, discusses the increased demand for Bitcoin, with the cryptocurrency's price nudging $70,000. Thiel explains that Bitcoin's appeal lies in its potential for nation-state security and treasury management. The criticism of Bitcoin miners for their environmental impact is shifting towards AI, which is expected to have a much larger energy footprint. Thiel also touches on the challenges and opportunities for Bitcoin miners, including the upcoming halving event and the competition for energy resources. The conversation highlights the evolving landscape of Bitcoin mining and its implications for investors and the environment.

In this keynote from the Bitcoin Renaissance 2024 conference, Jullian Duran, the product lead at Marathon Digital, unveils their layer 2 initiative, Anduro. Aimed at bridging the gap between institutional finance and the Bitcoin network, Anduro addresses the scalability trilemma and introduces a multi-chain stack that's EVM compatible and Bitcoin-native. Duran emphasizes the importance of compliance, transparency, and utility for institutions looking to integrate blockchain into their operations.

In this episode of the Mining Pod, Marathon Digital Holdings dives into their groundbreaking Layer 2 software, Slipstream, and their ambitious plans for Bitcoin inscriptions. Discover how Marathon is revolutionizing the mining world and building a more scalable and secure future for Bitcoin. Learn about the challenges and innovations behind Slipstream, the vision for the Anduro platform, and how Marathon is shaping the next generation of Bitcoin technology.

Explore the dynamic world of Bitcoin in this enlightening conversation with Fred Thiel, CEO of Marathon Digital Holdings. Delve into the trends shaping Bitcoin demand, the environmental impact of mining, and the future of Bitcoin. Discover the challenges and opportunities facing miners, the influence of ETFs on the market, and the strategic moves of nations and companies in the Bitcoin space.

Jullian Duran, product manager at Marathon Digital Holdings, dives into the fascinating world of Bitcoin and blockchain technology. He shares his eclectic background, spanning clean energy in China to fintech in Southeast Asia, and his journey into the crypto space. We explore the importance of building a robust infrastructure for blockchain adoption, the challenges and opportunities in Bitcoin DeFi, and the potential of layer two solutions for scalability and efficiency.

Fred Thiel, CEO of Bitcoin mining company Marathon Digital, discusses why he thinks Bitcoin ETFs are a good thing for the cryptocurrency's market and says he expects it to behave in a similar manner to gold's as it matures.

Fred Thiel, CEO of Marathon Digitla Holdings, discusses Bitcoin's unique attributes, particularly its finite supply compared to traditional equities. Highlighting the upcoming Bitcoin halving, Fred expects higher stability and appreciation rates for Bitcoin, surpassing gold as an inflation hedge. Fred also explores the shift in Bitcoin mining economics from block subsidies to transaction fees and the growing institutional interest in Bitcoin investments. Additionally, he touches on the increasing use of renewable energy in mining and the global distribution of operations, underscoring Bitcoin's evolving market and potential for value growth.

Join Marathon on interview on 'Trading the Close' with Paul Giordano, VP of Digital Asset Management at Marathon Digital Holdings. Paul delves into the intricacies of Bitcoin mining, the impact of halving on profitability, and Marathon's strategy as one of the largest Bitcoin holders. He also discusses the role of Bitcoin in the future economy and provides his expert perspective on Bitcoin's price trajectory for the year.

Join this insightful discussion on Bitcoin mining and its future with Fred Thiel, the Chairman and CEO of Marathon Digital Holdings. This video delves into topics such as the impact of recently launched Bitcoin ETFs, the importance of energy efficiency in mining, Marathon's expansion plans, and the growing interest of nation-states in Bitcoin mining.

Explore the future of Bitcoin mining with Charlie Schumacher in this conversation. Learn about Marathon's unique strategy of vertical integration and how they aim to add value beyond mining. Dive into the discussion about utilizing excess energy for various purposes. Gain insights into Bitcoin's energy consumption and its market-driven nature.

Join Marathon Digital CEO, Fred Thiel, as he discusses the potential for Bitcoin to reach new all-time highs in 2024, driven by the introduction of a Bitcoin ETF and the upcoming halving event. Discover key insights into the crypto market's future and what it means for investors.

This video with Fred Thiel, CEO of Marathon Digital Holdings, discusses the company's growth and approach to Bitcoin mining. Thiel outlines the expansion from zero hash rate to becoming a leading miner, and the global reach including facilities in the UAE and Paraguay. The focus on green energy initiatives, such as converting methane from landfill gas into energy for mining, is highlighted. Thiel also discusses the technological and partnership strategies for operating in different environmental and regulatory contexts. This interview provides insights into Marathon Digital's business strategies and their commitment to innovative and environmentally conscious practices in the Bitcoin mining industry.

This interview with Adam Swick covers the fascinating world of Bitcoin mining and its connection to energy. Adam shares his background, his journey into the crypto industry, and how he became a part of Marathon Digital Holdings. Discover how Bitcoin mining is optimizing energy usage and helping to address supply and demand issues on the electrical grid. We also delve into Marathon's innovative immersion solutions for mining and their exciting joint venture in the UAE.

In this interview at the Texas North American Blockchain Summit, CEO of Marathon Digital Holdings, Fred Thiel, delves into the transformative role of Bitcoin in today's world. The discussion explores Bitcoin's impact on providing financial independence, especially in regions with unstable currencies. Fred also sheds light on the evolving regulatory landscape, Bitcoin's growing acceptance in investment circles, and its influence on energy policies. Discover how Bitcoin mining is not just about cryptocurrency but also about stabilizing energy grids and fostering sustainable practices globally. Dive into this thought-provoking conversation to understand the multifaceted impact of Bitcoin in modern society.

Join this engaging episode of the Crypto News podcast, featuring special guest Charlie Schumacher, VP of Corporate Communications at Marathon Digital Holdings. Dive into a deep discussion about the future of Bitcoin mining, the importance of narrative in corporate communications, and the innovative ways Marathon is revolutionizing the industry. Learn about their groundbreaking project using methane from landfills for Bitcoin mining, and explore the potential impacts of a Bitcoin ETF on the market.

In a conversation with Fred Thiel, the chairman and CEO of Marathon Digital Holdings, Thiel highlights the increasing interest in Bitcoin, ranging from retail investors to institutions and the possibility of sovereign nations considering Bitcoin as a reserve asset. Concerns were raised about BlackRock's involvement in the Bitcoin space, including its investments in miners and the potential centralization of Bitcoin custody through a spot Bitcoin ETF. Thiel argued that the limited liquid supply and potential lost coins make it unlikely for BlackRock to accumulate a significant portion of Bitcoin. Additionally, the conversation delves into the evolving role of Bitcoin, emphasizing its use as a store of value rather than a medium of exchange, with interest from governments in holding Bitcoin reserves. The discussion touches on the potential for Bitcoin mining to benefit countries with abundant energy sources, leading to global expansion and adoption.

This interview with Fred Thiel discusses the recent Bitcoin price rally, driven by speculation about the approval of a spot Bitcoin ETF by the SEC. It explores the potential impact of ETF approval on Bitcoin miners and delves into macroeconomic factors that could influence Bitcoin's role as a safe haven asset and its price in the near future. The conversation also touches on the broader implications of institutional involvement in the Bitcoin market.

Join us in this insightful interview where we delve into Marathon Digital Holdings's groundbreaking project in Utah. Learn how we are revolutionizing Bitcoin mining by harnessing methane gas from landfill waste, a move that not only boosts efficiency but also addresses critical environmental concerns. Discover how this innovative approach can significantly reduce electricity costs, ensuring uninterrupted mining operations. This conversation also explores Marathon's future plans for expansion and our commitment to sustainable energy sources. Tune in for an engaging discussion on the intersection of technology, environmental stewardship, and the evolving world of Bitcoin mining.

This discussion centers around a Marathon Digital Holdings report that explores how Bitcoin mining can effectively address methane emissions from landfills. Adam Swick, the Chief Growth Officer at Marathon Digital Holdings, discusses their mission to support Bitcoin's development by building a sustainable mining business. The podcast highlights the challenges of methane emissions management at landfills and explains the three common solutions: venting, flaring, and waste energy. Bitcoin mining is presented as a unique and innovative approach to this problem due to its ability to adapt to varying electricity supplies and efficiently utilize excess energy. The conversation underscores the role of policy frameworks in incentivizing Bitcoin mining at landfills and the potential for it to become a significant solution for mitigating methane emissions.

Fred Thiel discusses Marathon's distinctive approach to Bitcoin mining, which revolves around an asset-light model, emphasizing the allocation of capital to miners rather than infrastructure, resulting in increased operational efficiency. The company also leverages technological innovations, such as immersion cooling and custom firmware for miners, to maintain a competitive edge. Thiel underscores the significance of utilizing renewable energy sources for Bitcoin mining to ensure long-term sustainability and explores potential financial instruments and derivative markets for miners in the future.

This interview covers Marathon Digital Holding's substantial growth in the Bitcoin mining sector, boasting over 23 exahash of installed capacity and expanding internationally, including a significant 250-megawatt installation in Abu Dhabi. Fred Thiel explains that the Abu Dhabi location is strategically chosen to balance the grid's power usage and establish a partnership with a sovereign wealth fund. He anticipates that more central banks will explore Bitcoin mining to attain greater self-sovereignty over their assets, particularly amid concerns about holding U.S. dollar-denominated reserves. Additionally, Thiel highlights the growing importance of Bitcoin exchange-traded funds (ETFs), emphasizing their convenience for institutional investors and their potential to introduce Bitcoin investments to retirement accounts, alongside the significant impact of the FASB accounting change in institutional adoption.

Marathon Digital Holdings is actively working to diversify its operations internationally, aiming for a balanced 50-50 split between domestic and international activities, with no more than 20% concentration in any specific region. Thiel emphasized the significance of strategic investments like the one in Auradine, which provides liquidity to support the company's ongoing expansion efforts. Marathon has also developed proprietary firmware to optimize miner performance and is exploring immersion cooling technology for enhanced efficiency. The interview shed light on the evolving perception of Bitcoin mining and its energy consumption, with growing recognition of its positive impact on the industry.

Fred Thiel, CEO of Marathon Digital Holdings, discusses the changing narrative surrounding Bitcoin mining and its relationship with renewable energy, potential Bitcoin ETF approvals, and the expanding role of Bitcoin in the financial landscape.

Marathon Digital Holdings stands as the largest publicly traded Bitcoin miner worldwide, operating in Texas, North Dakota, and the United Arab Emirates. Fred Thiel, the company's CEO, discusses the company's journey, starting modestly in 2017 and scaling up significantly, boasting 23 exahash of mining capacity with almost 200,000 miners. The Bitcoin mining industry remains decentralized to avoid concentration risks, with no single miner holding more than 15% of the global hash rate. Thiel also highlights the Bitcoin halving events and the eventual reliance on transaction fees when all Bitcoins are mined. Marathon prioritizes efficiency, strategic value, and risk mitigation, leveraging a vertically integrated technology stack and emphasizing sustainability by using renewable energy for 58% of its operations.

Marathon Digital Holdings' CEO, Fred Thiel, expresses optimism about Bitcoin's future. Thiel suggests that governments are recognizing Bitcoin's strategic significance due to its decentralized nature, which could lead to increased value and continued growth. He also discusses how decreasing liquidity and increasing Bitcoin holdings contribute positively to price dynamics. Thiel mentions Marathon's interest in expanding Bitcoin mining operations to Africa, using stranded energy to support local infrastructure. Currently, the company sells enough Bitcoin to cover operational costs but may reconsider if prices surge. Thiel also touches on Marathon's growth, its hash rate capacity, and the challenges of managing a publicly traded Bitcoin mining company.

Fred Thiel, CEO of Marathon Digital Holdings, discusses the unique capability of Bitcoin miners to quickly power on and off, aiding grid operators in balancing energy grids. He highlights the misconception that energy grids remain constant, emphasizing the need for constant adjustments to match energy demand. Marathon is committed to sustainable practices and carbon neutrality. Thiel elaborates on MARA's funding, global expansion, and investments in advanced technologies such as blockchain and AI. He addresses market dynamics, the dollar's value, global hash rate, and their impact on the Bitcoin mining industry's future. The conversation provides insights into the intricate intersection of Bitcoin mining, energy management, and emerging technologies.

Fred Thiel, the CEO of Marathon Digital Holdings, discussed the intricacies of Bitcoin mining economics, highlighting the significance of Bitcoin's price, energy costs, and the global hash rate on profitability. Marathon Digital Holdings has adopted an asset-light hosting strategy, focusing on owning and operating mining sites efficiently. As the Bitcoin halving event, which reduces mining rewards every four years, approaches, industry efficiency becomes paramount. Institutional support for Bitcoin as a mature commodity remains strong, while regulators concentrate on decentralized finance (DeFi) and stablecoins, with Bitcoin mining classified as a commodity regulated by the CFTC.

Fred Thiel, CEO of MARA, discusses the recent decision to raise authorized shares from 200 million to 500 million in a YouTube video. Thiel explains that the company faced difficulties in obtaining shareholder votes for previous share increases due to the predominance of retail investors who often don't participate in voting. These votes required significant expenses in hiring proxy solicitors and printing proxies, diverting resources from potential growth opportunities. The increase in authorized shares aims to address this challenge by providing the company with the flexibility to respond to market opportunities swiftly. Thiel emphasizes the importance of optionality, allowing the company to seize advantageous situations in a timely manner. He cites a past example of successfully raising a convertible bond at the market peak, showcasing the significance of being prepared to act when market conditions are favorable. Ultimately, the increase in authorized shares aligns with MARA's strategy to ensure liquidity and maintain the capacity to make timely strategic moves.

Fred Thiel, the CEO of Marathon Digital Holdings, highlights the company's prominent role in the Bitcoin mining sector. Thiel discussed Marathon's history, growth trajectory, and its emphasis on diversification and technological innovation. The company, one of the largest players in Bitcoin mining, is strategically positioning itself by aiming for zero-cost energy for mining operations, prioritizing flexibility, and fortifying its balance sheet. Thiel also mentioned plans to continue diversifying sites, partnerships, and technologies to navigate the evolving dynamics of the Bitcoin mining industry effectively.

This conversation delves into the concept of a vertically integrated technology stack in Bitcoin mining. Fred Thiel draws parallels with Apple's ecosystem and explains that MARA's approach involves owning and optimizing their own mining pool, developing their operating system and firmware for miners, and even investing in the creation of a Bitcoin ASICs. This strategy enables Marathon to fine-tune performance, improve energy efficiency, and increase overall mining effectiveness. Fred also emphasizes the advantages of geographical diversification in mining operations, citing examples in the UAE and potential opportunities in various regions.

Fred Thiel, CEO of Marathon Digital Holdings, explains the cyclical nature of the Bitcoin market, detailing the initial hype, subsequent crashes, and the eventual return to optimism driven by actual adoption and concrete information. Thiel delves into recent developments, particularly BlackRock's unexpected move to file for a spot Bitcoin ETF, indicating that regulatory favoritism toward established players is becoming evident in the industry. BlackRock's strategy involves a gradual accumulation of Bitcoin and a unique ETF structure focused on market surveillance, potentially leveraging its investment in Coinbase. The dialogue also covers the resurgence of a Bitcoin bull run, attributed to heightened interest, expanding adoption, growth of the lightning network, and the emergence of layer two applications. Additional topics include the potential impact of quantum computing on encryption, Marathon Digital Holdings' international expansion plans for mining operations, and the evolving relationship between institutional investors and Bitcoin-related entities.

In this interview on Charlie Shrem's show, Fred Thiel, CEO of Marathon Digital Holdings, discusses the dynamic landscape of the Bitcoin industry. They delve into the influential factors shaping the sector, emphasizing Marathon Digital's prominent role as a NASDAQ-listed company. Thiel outlines the intricate relationship between energy production and Bitcoin mining, highlighting the innovative approach of utilizing excess energy from various sources. The conversation extends to the future prospects of Bitcoin, including adoption patterns, energy efficiency, and regulatory hurdles, reflecting a comprehensive exploration of the industry's present and future trajectories.

In this interview, Fred Thiel, CEO of Marathon Digital Holdings, provides insights into the world of Bitcoin mining and the company's operational strategies. Thiel's extensive background in the tech industry, spanning software engineering, product management, and CEO roles, is highlighted. Marathon has transitioned from relying on third-party hosting to building its own mining sites, with a strong emphasis on technology-driven methods to enhance efficiency. The company places a significant focus on utilizing renewable energy sources and is actively involved in fundraising initiatives to support Bitcoin core developers.

‍

Fred Thiel, CEO of Marathon Digital Holdings, delves into the harsh realities that war has on individual's property. Drawing parallels to historical conflicts, Thiel highlights how during events like World War II, people resorted to sewing diamonds into clothing as a means of carrying portable assets. In today's context, he discusses how Bitcoin has emerged as a practical solution for moving an asset across borders in times of conflict, citing the impact of sanctions on Russian banks and businesses due to the Ukraine crisis. Thiel also touches on the distinctions between proof of work and proof of stake consensus mechanisms in cryptocurrency networks.

Fred Thiel, CEO of Marathon Digital Holdings, discusses Marathon's Bitcoin mining operations, which began in 2017 and have expanded to nearly 10 facilities across the US and UAE, with a focus on utilizing renewable energy sources. The company is transitioning to immersion cooling for miners and are building a 250 MW immersion-based site in the UAE, aiming to be the largest mining operation in the Middle East. Thiel emphasizes a commitment to energy efficiency and sustainability while also developing technology for the broader Bitcoin mining industry.

The White House has put forward a proposition to impose a punitive tax on cryptocurrency mining operations due to perceived societal impacts. Fred Thiel, CEO of Marathon Digital Holdings, offers his perspective. Thiel contends that the energy consumption of Bitcoin miners is a small fraction of global energy usage, with a majority sourced from renewables. He questions the rationale behind the proposed 30% tax, highlighting the existing backlog in renewable energy transmission and the relatively minor energy consumption of Bitcoin compared to other sectors. Thiel suggests that the tax could potentially prompt miners to relocate offshore, as several nations are adopting crypto-friendly regulatory frameworks.

In this YouTube interview, Fred Thiel, CEO of Marathon Digital, discusses the impending impact of inflation on Bitcoin as the US dollar's value could decrease due to the Federal Reserve's actions. Thiel emphasizes Bitcoin's role as a hedge against a devaluing dollar and mentions the upcoming "halving" event, which could pose challenges for miners if Bitcoin's price remains below $40,000. The interview covers three main themes: the potential for Bitcoin to achieve new all-time highs within a year, factors driving Bitcoin adoption in both short and long terms, and the future of Bitcoin and crypto mining considering the rising mining difficulty. Thiel also comments on Standard Chartered Bank's projection of Bitcoin reaching $100,000 by year-end, attributing this prediction to Bitcoin's safe-haven status during financial crises. Marathon Digital's strategy involves mining Bitcoin and holding it for its store of value potential. Thiel touches on the prospect of developing applications on layers two and three of the Bitcoin blockchain, drawing parallels to protocols on the internet.

Fred Thiel, the CEO of Marathon Digital Holdings, delves into the significant role of Bitcoin mining on a global scale. Thiel highlights the volatility of Bitcoin prices, the challenges of infrastructure investment, and the cyclic nature of Bitcoin's value. He discusses the evolving relationship between hash rate and price, attributing hash rate growth to miners executing expansion plans laid out in 2021. Thiel also touches on the struggles faced by smaller miners and the potential of stable coins in facilitating global access to financial assets. He emphasizes the political and regulatory challenges facing the mining industry and the need for education and advocacy to overcome these obstacles.

Fred Thiel, the CEO of Marathon Digital, delves into the company's strategic approach. As a prominent player in the Bitcoin mining space, Marathon Digital is actively creating mining operations in the Middle East. The company is collaborating with Applied Digital, with a strong emphasis on efficiency enhancement. Thiel outlines Marathon's strategy, which revolves around vertical integration, ownership, and operation of mining sites, as well as comprehensive control over their technology stack. The podcast highlights Marathon Digital's anticipation for a joint venture in the UAE, aimed at optimizing production and efficiency. Furthermore, the company is enthusiastic about expanding their renewable energy partnerships, indicating a forward-looking focus on sustainable mining practices.

Fred Thiel, the CEO of Marathon Digital Holdings, shed light on their Bitcoin mining operations. The company's revenue and profitability have been impacted by the decline in Bitcoin's price from $68,000 to $16,000. This drop in value reduced gross profit margins, which were once at 80%, to a range of 30% to 40%. To mitigate the environmental impact, Marathon has transitioned its operations to a wind farm in Texas, contributing to the reduction of carbon emissions. Despite these efforts, their financial performance faced challenges, including a substantial drop in revenue, write-offs due to facility transitions, and exposure to financial risks from third-party partnerships.

In the wake of the FTX collapse, the CEO of Marathon Digital, Fred Thiel, shared insights on the future of Bitcoin mining. Despite improving macroeconomic conditions, Bitcoin's stability could be undermined by the impending possibility of multiple miners going bankrupt, as highlighted by investment firm Bannock. Various miners are already grappling with challenges; for instance, Core and Argo have suspended payments to financing partners due to financial difficulties. These challenges stem from a combination of factors including high energy costs, low Bitcoin prices, and limited access to capital markets. In response, an Investment Bank has proposed lending $72 million to troubled miner Core Scientific, contending that most problems are self-inflicted and solvable. Fred Thiel emphasized that the mining industry faces a tough environment, potentially leading to more casualties among both publicly traded and privately held mining companies. Despite these hurdles, Marathon Digital is navigating the situation adeptly, focusing on debt reduction and cultivating a strong balance sheet. As one of the largest Bitcoin holders, Marathon aims to weather uncertainties and looks forward to an improved mining landscape in the latter half of the upcoming year.

Fred Thiel, CEO of Marathon Digital Holdings, shares insights about the Bitcoin mining industry. Thiel explains their innovative approach of partnering with power companies to leverage surplus energy for Bitcoin mining. Notably, the company holds all of the Bitcoin it mines, and their investment in Bitcoin has proven highly profitable. Thiel emphasizes the shift in global Bitcoin mining dominance from China to the US, highlighting the industry's increased decentralization and growth opportunities.

Marathon Digital Holdings achieved a remarkable milestone by mining 615 Bitcoins in October 2022, primarily driven by an 84% increase in the company's hash rate and the successful transition from their Hardin facility to King Mountain. This transition involved adding 69,000 miners, contributing to their record-breaking performance. With the aim of reaching a 23x hash rate by mid-2023, Marathon Digital strategically deploys energy-efficient miners, specifically the Bitmain S19 XPs, providing a distinct cost advantage. Their asset-light approach, which involves partnering with site operators, has helped them minimize capital expenditures and maintain competitive operating costs. Despite challenges in the mining industry due to market fluctuations and energy costs, Marathon Digital remains well-prepared, supported by a robust balance sheet, efficient operations, and substantial Bitcoin holdings. Fred Thiel, the CEO, expresses confidence in Bitcoin's future demand rebound once prevailing macroeconomic challenges ease.

This podcast episode delves into Fred Thiel's journey and work experiences. He had previously led a project called Sprocket, a cryptocurrency exchange based in Liechtenstein, which faced regulatory changes that altered its trajectory. Thiel then shifted his focus to leading Marathon, which has emerged as one of the largest Bitcoin mining companies globally, among the largest publicly traded Bitcoin mining firms. The conversation covered various topics, including Marathon's unique strategy in the Bitcoin mining space, the company's evolution, and the broader landscape of energy markets, nuclear power, renewables, and grid stability. Thiel's insights also touched on the transformation of Marathon from a physical mining business to a patent troll (acquiring patents related to Siri and Alexa) before its current role as a Bitcoin miner.

In a Chardan Leadership Call, Fred Thiel, CEO of Marathon Digital Holdings, engages in a discussion centered on the Bitcoin mining sector's dynamics and prospects. The call delves into how global events, such as the strengthening US dollar and evolving asset allocation trends, influence the industry. Thiel elaborates on the challenges posed by energy curtailment resulting from heatwaves and renewable energy dynamics, especially in Texas. The conversation highlights Marathon's strategic focus on harnessing renewable energy sources and its innovative asset-light approach to Bitcoin mining operations. The company's emphasis on leveraging renewable energy and its adaptability in dynamic energy markets is underscored throughout the dialogue.

‍

In a Chardan Leadership Call, Fred Thiel, CEO of Marathon Digital Holdings, engages in a discussion centered on the Bitcoin mining sector's dynamics and prospects. The call delves into how global events, such as the strengthening US dollar and evolving asset allocation trends, influence the industry. Thiel elaborates on the challenges posed by energy curtailment resulting from heatwaves and renewable energy dynamics, especially in Texas. The conversation highlights Marathon's strategic focus on harnessing renewable energy sources and its innovative asset-light approach to Bitcoin mining operations. The company's emphasis on leveraging renewable energy and its adaptability in dynamic energy markets is underscored throughout the dialogue.

‍

CEO of Marathon, Fred Thiel, shares key insights about Bitcoin. The conversation highlighted how miners are currently holding onto their Bitcoin, which is affecting its availability in the market. The CEO emphasized that this isn't a flaw but a feature of Bitcoin's design. Fred Thiel's extensive tech background and early involvement in the crypto space in 2016 led him to his role as Marathon's CEO. Energy efficiency and regulatory challenges were addressed, with the potential for Bitcoin to contribute to clean energy solutions. Amidst regulatory uncertainty, Bitcoin's status as a commodity provides a clearer regulatory stance. While the concept of Bitcoin as a global currency was explored, its journey towards adoption and impact on financial systems is anticipated to be gradual, paralleling the evolution of disruptive technologies. The conversation also drew parallels between technological innovation and survival in nature, highlighting the need for adaptation and progress in the Bitcoin industry.

‍

Marathon Digital Holdings' CEO, Fred Thiel, discusses various aspects of the company's Bitcoin mining operations. Host Ryan Rosbiani welcomes Thiel and raises questions about the Compute North mining facility's delayed online launch due to permitting issues. Thiel confirms that multiple sites in Texas and other locations are being used for miner deployment and assures that they are getting back on track with schedules. The conversation moves on to the impact of Bitcoin's price on the company's profits, the changing dynamics of the mining market, and the introduction of more energy-efficient miners. Thiel emphasizes the company's focus on becoming experts in mining operations.

In a conversation with Marathon CEO Fred Thiel, various topics are discussed. Thiel delves into future predictions, addressing the unpredictability of Bitcoin's behavior as it matures and suggesting regulatory clarity in the cryptocurrency space. He touches on the potential of blockchain to revolutionize industries, including energy trading and data management. The conversation also touches on Bitcoin ETFs, their delayed approvals, and potential legal actions against regulatory denials, mirroring similar strategies seen in Canada's successful ETF approval process.

Fred Thiel, CEO of Marathon Digital Holdings, shares insights from his diverse 40-year tech industry journey. Thiel underscores the pivotal role of agility and quick decision making in achieving business success. Thiel's approach centers on generating strategic value, leading and motivating teams, and leveraging data-driven insights. He highlights the necessity of adaptability and innovation, drawing parallels between the tech and industrial domains. Thiel's experiences underscore the significance of maintaining agility and seizing opportunities in today's evolving business landscape.

In this episode of The Blockchain Interviews with host Dan Weiskopf, Fred Thiel, CEO of Marathon Digital Holdings, shares insights into the company's Bitcoin mining operations. Thiel discusses their early investment into Bitcoin mining based on Chairman Merrick Okamoto's visionary approach. With a background in technology and finance, Thiel's expertise complemented Marathon's direction. Their collaboration led to optimizing mining operations, utilizing state-of-the-art miners to maintain a competitive edge. Thiel emphasizes the significance of blockchain applications in sectors like finance, identity management, and ownership data. He highlights Marathon's focus on efficiency, anticipating the growth of the industry, and the potential for blockchain-based applications to transform various sectors.

Fred Thiel, CEO of Marathon Digital Holdings, discusses his role and the company's endeavors in the digital asset technology space. Marathon, a public company, specializes in Bitcoin mining. Thiel's extensive experience spans various sectors such as semiconductors, data communications, IoT, AI, and digital media. Joining Marathon's board in 2018, he played a pivotal role in strategizing growth and recently transitioned to CEO to lead the company's expansion. Thiel highlighted Bitcoin's energy usage, its function as a financial settlement network, its growing adoption in developing nations, and its potential to fuel investment in startups.

On this podcast, Fred Thiel, a seasoned technology executive with over 25 years of experience, discusses his background and his role as CEO of Marathon, one of the largest Bitcoin mining companies. Thiel's expertise spans various sectors, including fintech, and he joined Marathon's board in 2018 to aid its transition into Bitcoin mining. He highlights the transformative potential of blockchain, drawing parallels to the democratization of information brought by the internet. He emphasizes the need for professionalization and good governance as Bitcoin mining operations evolve into billion-dollar revenue companies. Marathon's focus is on expanding its hash rate production, aiming to surpass 10 exahash by Q1 next year from its current 2 exahash. Thiel also discusses the company's journey towards carbon neutrality, initially seeking sustainable mining methods but pivoting to full carbon neutrality due to financial institutions' unwillingness to pay extra for sustainable Bitcoin. He envisions the Bitcoin ecosystem maturing and introducing financial products based on derivatives and hash rate, fostering a new asset class for institutional investors. Thiel's proactive approach towards industry collaboration and transparency shows his commitment to the responsible growth of both Marathon and the Bitcoin mining sector.

In this interview, Fred Thiel, CEO of Marathon Digital Holdings, shares his insights on various aspects of the Bitcoin industry. He draws parallels between the evolving Bitcoin landscape and the early days of the internet. Thiel highlights blockchain's potential for enhanced security and data tokenization. He discusses Marathon's mining operations in multiple U.S. states and the significance of favorable legislation and power supply, particularly in Texas. Thiel also addresses the ESG considerations around Bitcoin, the adoption of Bitcoin as legal tender in El Salvador, the role of Bitcoin in financial services, the corporate trend of diversifying into Bitcoin, potential regulatory developments, and the significance of historical context in understanding present-day events.

Marathon Digital Holdings, a NASDAQ-listed Bitcoin mining company, made waves in the cryptocurrency industry with its recent purchase of 103,000 S19 miners from Bitmain, signifying a significant boost in hashing power. This move positioned them as a major player in Bitcoin mining, accounting for nearly seven percent of the blockchain network's hashing power at the time. What set Marathon apart was their strategic partnership with a utility company, securing a remarkably low power rate of 2.8 cents per kilowatt. This cost-efficiency allowed them to produce Bitcoin profitably, with each coin costing around $3,500 to mine. Notably, Marathon launched its own mining pool in North America, focusing on producing OFAC-compliant Bitcoins—a unique offering that attracted institutional investors looking for regulation-compliant assets. With a substantial cash reserve and a significant Bitcoin holding, Marathon's strategy included holding onto these assets, making their stock a distinctive investment option for those seeking exposure to Bitcoin's value.

The video features a fireside chat between the CEO of Marathon Digital Holdings, Fred Thiel, and Senator Ted Cruz at Mining Disrupt 2024, discussing the future of Bitcoin and cryptocurrency in the U.S. Senator Cruz shares his journey from skepticism to becoming a Bitcoin advocate, highlighting Bitcoin's importance for freedom and its resistance to government control. He emphasizes Texas's advantages for Bitcoin mining, including its abundant energy resources and entrepreneurial spirit. Cruz also addresses regulatory concerns, advocating for a cautious approach to legislation and underscoring the positive impact of Bitcoin mining on energy usage. He criticizes federal attempts to monitor financial transactions, comparing the anti-Bitcoin stance to restrictive policies of authoritarian regimes. The conversation concludes with Cruz urging the Bitcoin community to stay engaged and support favorable legislation.

Fred Thiel, CEO of Marathon Digital Holdings, discusses the future convergence of energy, Bitcoin mining, and industry at the AIM Summit London 2024. Discover how Marathon operates across utility-scale mining, energy harvesting, and technology development, exploring innovative solutions to harness stranded energy sources for sustainable Bitcoin mining. Thiel outlines the shift towards smaller-scale operations and the potential for integrating Bitcoin mining capabilities into various energy storage and consumption systems, revolutionizing the landscape of both energy and cryptocurrency industries.

Join the CEOs of Riot Platforms, Bit Digital, and Marathon Digital Holdings as they discuss sustainable practices in Bitcoin mining at the AIM Summit in London 2024. Explore how innovative energy use strategies, including carbon-free operations and utility-scale models, are transforming the industry. Learn about the integration of AI and high-performance computing to optimize costs and environmental impact. Discover the role of Bitcoin miners in stabilizing energy grids and their response to regulatory challenges.

VP of Policy Jayson Browder & EMEA Managing Director Manoj Narender Madnani discuss Marathon Digital Holdings' energy solutions at #Token2049 in Dubai. Fireside chat courtesy of BitGo, CoinMENA, and Onramp.

Join Marathon's Jayson Browder and Manoj Madnani for this deep dive into Bitcoin mining and energy security.

‍

The video from the BPI Summit '24 presents a panel discussion featuring Fred Thiel, the CEO of Marathon Digital Holdings, recognized as the largest publicly traded mining company in the U.S., alongside Senator Cynthia Lummis of Wyoming, a prominent advocate for Bitcoin on Capitol Hill. The discussion delves into the current state and future of Bitcoin, particularly focusing on legislative challenges and opportunities for the cryptocurrency within the U.S. political landscape. Senator Lummis and Fred Thiel explore the impact of government policies on Bitcoin, including proposed taxes and regulations, while also discussing the innovative energy solutions emerging within the Bitcoin mining industry.

In this video, the evolving landscape of Bitcoin mining outside the U.S. is discussed, highlighting the significant increase in the global hash rate from 2018 to 2023 and the complexities introduced by Bitcoin halving events. Fred Thiel delves into the pivotal shift in mining locations following China's ban on Bitcoin mining in 2021, which led to a notable migration of mining activities to Kazakhstan and the U.S., with a special focus on Texas. Furthermore, Fred addresses the industry's shift towards renewable energy sources and its decreasing reliance on fossil fuels. The broader implications of Bitcoin mining, such as its impact on energy infrastructure, grid stability, and environmental sustainability, are also covered, offering a comprehensive look at the current and future state of Bitcoin mining globally.

Listen to an excerpt from Marathon Digital Holdings' Charmain & CEO Fred Thiel as he provides updates on the company's Q3 earnings, as well as insight on how we're targeting lower costs per coin using efficient mining fleets, tapping into low-cost energy, and pioneering #BitcoinMining heating projects for additional revenue. To listen to the full Q3 earnings call, visit mara.com.

Amanda Fabiano, the owner of Fabiano Consulting, leads a discussion with mining industry experts. The guests, Zachary Bradford, Charlie Schumacher, and Charlene Fadirepo, delve into strategies for miners in light of the upcoming Bitcoin halving event. They emphasize the importance of mining efficiency, cost control, and diversification as key factors for success in the industry. The video also explores the potential impact of Bitcoin ETFs on mining stocks and the role of governments in supporting Bitcoin mining and renewable energy projects. It's a comprehensive conversation on post-halving strategies for miners and the evolving landscape of the cryptocurrency mining industry.

In his talk at Pacific Bitcoin 2023, Fred Thiel discusses the significant heat generated by Bitcoin miners and its potential applications. He emphasizes that nearly 100% of the electricity consumed by electronic devices is released as heat due to electrical friction. He debunks the misconception that Bitcoin mining is causing catastrophic environmental damage. The speaker underscores the positive aspects of Bitcoin mining, including its role in expanding renewable energy capacity and strengthening the electrical grid by offering off-take for stranded energy sources. He also proposes innovative uses for the excess heat produced by Bitcoin miners, such as heating shrimp farms, greenhouses, homes, and various industrial applications, which could not only reduce environmental impact but also cut costs.

A panel discussion takes place during the Pacific Bitcoin 2023 event, featuring key figures from the Bitcoin mining industry, including Marathon's CFO, Salman Khan. The panelists represent companies such as Marathon, TeraWulf, Riot, and Iris Energy. Each panelist shares their background and experience in Bitcoin mining. The discussion covers topics like treasury management, emphasizing the need to manage counterparty risk and reduce debt to ensure profitability in the ever-changing Bitcoin mining landscape. The panel also touches upon the upcoming Bitcoin halving event in 2024 and its potential implications for the industry.

Explore the intricate world of Bitcoin and its market dynamics in this enlightening discussion. Join industry experts as they delve into the critical question of whether the Bitcoin 'halving' influences market prices. They offer insights into the role of liquidity, market drivers, and psychological factors in cryptocurrency trading. The conversation also covers the impact of government interventions, the evolving landscape of Bitcoin mining efficiency, and Bitcoin adoption trends in Brazil and Latin America.

The discussion at the DC Blockchain Summit 2023 revolved around the creation of laws aimed at regulating proof-of-work Bitcoin mining operations in the United States. Notably, New York passed a law in November targeting Bitcoin mining operations that used carbon-based power sources, specifically those with fossil fuel energy generation. There is a growing perception that regulators are intensifying their efforts to make it more challenging for crypto-based operations to function within the U.S., prompting some companies to consider offshoring their operations. Bitcoin mining was highlighted as a way to benefit the energy grid by consuming excess energy and helping to subsidize the cost of energy generation. Bitcoin mining companies are also exploring partnerships with local communities and utilities to support clean energy generation and grid stability.

This panel at Bitcoin 2023 discusses the challenges faced by the Bitcoin mining industry in 2023, focusing on public miners and their experiences. The timeline from 2016 to 2020 saw companies running out of money and going bankrupt over a longer period compared to the recent bear market. Factors contributing to the challenges include over-leveraging, rising energy costs, and the drop in Bitcoin's price. The convergence of lower revenue per kilowatt hour and higher power costs created leverage issues, leading to financial risks for mining companies. Strategies for surviving and thriving in the industry involve better risk management, efficient operations, diversification of locations, and optimizing energy costs.

In a talk at the AIM Summit 2023 in London, Fred Thiel discusses the valuable lessons Bitcoin miners can glean from portfolio management techniques. While initial expectations often anticipate soaring Bitcoin values and steady profits, the reality is marked by extreme volatility and fluctuating energy costs. Bitcoin mining operates in alternating cycles of profitability and break-even due to the dynamic nature of energy expenses and shifts in the global hash rate. To navigate these challenges, miners must adopt adaptable business models and secure appropriate financing strategies. This involves a blend of approaches, including balancing self-hosted and third-party hosting, leveraging renewable energy credits, maintaining a reserve of Bitcoin, and implementing hedging strategies to ensure sustainability across varying market conditions.

In this presentation, the CEO and chairman of Marathon Digital Holdings, a NASDAQ-traded Bitcoin miner, discusses the evolution of Bitcoin mining with renewable energy sources beyond traditional solar and wind. The historical reliance on cheap energy sources for mining has shifted due to China's mining ban, prompting many companies to adopt renewable energy in North America, particularly in the U.S. This transition has led to a more sustainable approach, with the sustainable energy mix rising from 36% in Q1 2021 to 56% post the China migration. The speaker highlights the potential of harnessing untapped renewable sources such as nuclear, geothermal, tidal, and bio waste to power Bitcoin mining operations, emphasizing economic viability and positive environmental impact.

In a talk by Fred Thiel, CEO of Marathon Digital, the question of holding or selling Bitcoin in different market conditions is discussed. Thiel discusses the company's partnership with Bitmain and emphasizes the collaborative nature of the industry. He underscores the significance of prudent financial management in the volatile Bitcoin market. Thiel introduces the concept of weighted average cost of capital, which aids in determining whether to hold or sell Bitcoin based on the interplay of anticipated returns and costs. He advocates for strategic decision-making grounded in market realities rather than pure speculation. Thiel also briefly touches upon options like hedging and lending for generating yield.

In a discussion about the future of Bitcoin mining, Fred Thiel highlights several key developments. The efficiency of Bitcoin mining is on the rise, evident in the 30% reduction in energy required for the same hash rate achieved by the latest generation of machines from Bitmain, a major producer in the field. Notably, established Fortune 50 companies and semiconductor providers are venturing into the mining space, signifying a shift toward more professional involvement. The mining landscape is also evolving from traditional desktop-style setups to advanced, high-density industrial rigs optimized for energy efficiency, thanks to immersion cooling technology. Additionally, power companies are entering the scene, recognizing the potential for using excess energy for mining while simultaneously supporting renewable energy generation, including the utilization of hydrogen as a clean fuel and backup power source. Thiel predicts a significant transformation over the next five years, wherein large power companies could acquire mining operations, leading to a global fleet of energy resources that contribute to a cycle of load, renewable energy growth, and enhanced energy efficiency within the mining sector.

In his presentation at the 2021 Digital Mining Conference by BITMAIN, Fred Thiel delves into the transformative future of power and crypto mining. He foresees a significant shift at the intersection of these domains, driven by the powerful incentives of energy companies. Thiel contends that these companies, with access to the planet's lowest-cost power, will increasingly venture into bitcoin mining as a strategic move for load balancing and substantial profits. He also highlights the symbiotic relationship between renewable energy adoption and bitcoin mining, where excess energy can be harnessed for mining and hydrogen production. This evolving landscape promises to reshape the industry dynamics, favoring larger-scale miners and power companies in a mutually beneficial partnership, while smaller players might find it challenging to adapt to the changing economics and capital requirements.

Fred Thiel, CEO of Marathon Holdings, emphasizes the need to optimize returns on mining investments. Delving into the choice between vertical integration and maximum agility, Fred suggests that the current phase demands rapid miner deployment due to unprecedented profitability resulting from China's hash rate drop. He outlines how miners control hash rate, electricity costs, and corporate expenses, while external factors include network hash rate and BTC price. Analyzing costs, he dismisses power generation ownership, advocating instead for buying power. When it comes to infrastructure, he argues for outsourcing over capital-intensive projects like hosting facilities, illustrating that investing in more miners holds superior ROI. Fred's advice for miners during this hash rate constrained period is to prioritize miner investments for optimal gains, emphasizing agility over infrastructure ownership.

The discussion panel revolves around the repercussions of Elon Musk's unexpected declaration that Tesla would cease accepting Bitcoin due to environmental considerations. The panelists delve into potential motivations behind Musk's decision, including market manipulation, environmental consciousness, and shareholder pressure. They underline the profound influence Musk's remarks had on the sector, triggering market turbulence and disrupting the livelihoods of individuals involved. The participants stress the necessity of enlightening the general populace about Bitcoin's advantages and decentralized structure, and they express the hope that Elon Musk will gain a deeper understanding of the technology's societal significance.

In a global broadcasted panel, industry experts discussed the challenges and opportunities surrounding Bitcoin mining within the context of environmental, social, and governance (ESG) concerns. The dialogue acknowledged the swift rise of ESG considerations impacting the Bitcoin mining space, leading to uninformed policy decisions by governments and affecting the capital markets for miners seeking investment. The experts emphasized the urgent need for addressing sustainability issues to unlock the immense interest of institutional investors, such as pension plans and sovereign funds, which are currently hindered by negative perceptions. Proposed solutions encompassed embracing green energy sources for mining, exploring the creation of sustainable Bitcoin funds, and forming industry collaborations to improve transparency and communication around mining practices.