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Sam Doctor of BitOoda Joins Marathon Digital Holdings Advisory Board | New

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LAS VEGAS, October 18, 2021 (GLOBE NEWSWIRE) – Marathon Digital Holdings, Inc. (NASDAQ: MARA) (“Marathon” or “Company”), one of the largest Bitcoin self-mining companies in North America. Nord, today announced that crypto and blockchain researcher Sam Doctor has joined the company’s advisory board.

The Marathon Advisory Board is a group of non-fiduciary experts with backgrounds spanning a wide range of industries related to the Company’s operations, including, but not limited to, technology, fintech, Bitcoin, l energy and regulation. The primary function of the Advisory Board is to provide advice and guidance to the Company’s management team on all matters relating to growth and development.

Sam Doctor is a financial professional with over 18 years of research experience. He currently holds the position of Chief Strategy Officer at BitOoda, a leading financial technology company, where he leads research and advisory services. Prior to BitOoda, Doctor was Head of Data Science and Quantitative Research at Fundstrat Global Advisors, Managing Partner at Seedling Advisories, and Senior Equity Analyst at JPMorgan Chase in New York and Asia. The doctor holds an MBA from the Indian Institute of Management, Ahmedabad and a Diploma in Electronics and Semiconductor Engineering from the University of Mumbai, India, as well as Bachelors of Series 7, 63, 79, 86 and 87 of FINRA.

“The goal of the Marathon Advisory Board is to help optimize our decisions by ensuring that we have access to the best minds in this industry,” said Fred Thiel, CEO of Marathon Digital Holdings. “Sam Doctor is widely regarded as one of the leading researchers in the Bitcoin mining industry and therefore well positioned to become the inaugural member of our advisory board. His analysis of the profitability and risk factors of Bitcoin mining is highly regarded by many mining companies, investors and analysts, who strive to build their own forecasting models or make wise strategic choices. We look forward to further benefiting from Sam’s unique expertise as a member of our Advisory Board.

Sam Doctor, commented, “Marathon is one of the most innovative and forward-thinking Bitcoin mining companies, and I am delighted to join their advisory board. I look forward to providing my perspective to the management team as they work to further develop the business. “

Notice to Investors Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 1A of our most recent Annual Report on Form 10-K for the year ended. December 31, 2020. If any of these risks were to occur, our business, financial condition or results of operations would likely be adversely affected. In this case, the value of our securities could fall and you could lose some or all of your investment. The risks and uncertainties we describe are not the only ones we face. Additional risks that we are not currently aware of or that we currently consider to be negligible may also adversely affect our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate future results. Future changes in the network-wide mining difficulty rate or Bitcoin hash rate can also significantly affect the future performance of Bitcoin production by Marathon. Additionally, all discussions of financial measures assume mining difficulty rates as of October 2021. See “Safe Harbor” below.

Forward-looking statements Statements 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. Forward-looking statements can be identified. by the use of words such as “may”, “will”, “plan”, “should”, “expect”, “anticipate”, “estimate”, “continue” or comparable terminology. These forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which cannot be predicted with precision by the Company and some of which may not even be anticipated and involve factors which 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 encouraged to consider the factors listed above as well as 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 any forward-looking statements that become false due to subsequent events, new information or otherwise.

About Marathon Digital Holdings Marathon is a digital asset technology company that operates cryptocurrencies with a focus on the blockchain ecosystem and digital asset generation.

Marathon Digital Holdings Company Contact: Charlie Schumacher Phone: 800-804-1690 Email: [email protected]

Copyright 2021 GlobeNewswire, Inc.


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