‘Marathon Digital Holdings Adds Anchorage Digital Bank as Bitcoin Custodian\n\nFort Lauderdale, FL, Dec. 21, 2023 – Marathon Digital Holdings, incorporated (NASDAQ:MARA) has announced the addition of Anchorage Digital Bank National Association as a bitcoin custodian. This move increases the number of Marathon’s bitcoin custodians from two to three. As of November 30, 2023, the company held 14,025 bitcoin on its balance sheet. With its bitcoin production and treasury continuing to expand, Marathon has opted to add another enterprise-grade custodian to help diversify its treasury.\n\nAnchorage Digital Bank is the third custodian Marathon has engaged to custody its bitcoin and the second the company has added in the fourth quarter of 2023. Marathon may continue to further diversify its bitcoin custody across additional custodians in the future. “The addition of Anchorage Digital Bank demonstrates our ongoing commitment to securely managing and diversifying our bitcoin holdings,” said Salman Khan, Marathon’s chief financial officer. “We started the month with over 14,000 bitcoin on our balance sheet, and with our operations continuing to grow, we believe it is prudent to continue diversifying these holdings. Anchorage Digital Bank’s regulatory status and solutions are well regarded in the industry, and we look forward to working alongside them.”\n\nDiogo Mónica, President and Co-Founder at Anchorage Digital Bank, added, “Marathon is one of the leading Bitcoin miners and one of the largest holders of bitcoin in the industry. Their onboarding is a testament to the security and functionality of the solutions that Anchorage Digital Bank provides. We look forward to helping them achieve their strategic objectives.”\n\nStatements made in this press release 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. Such forward-looking statements are inherently subject to certain risks, trends, and uncertainties, many of which the company cannot predict with accuracy and some of which it might not even anticipate. These factors may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the company’s Annual Reports on Form 10-K, as may be supplemented or amended by the company’s Quarterly Reports on Form 10-Q. The company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information, or otherwise.\n\n Marathon Digital Holdings has added Anchorage Digital Bank as a bitcoin custodian, increasing the number of its custodians from two to three. This move demonstrates the company’s commitment to securely managing and diversifying its bitcoin holdings.’$MARA2023-12-22T12:37:24.611Z
