Marathon Digital Holdings Files 8-K on Financial Agreements

Ticker: MARA · Form: 8-K · Filed: 2024-08-14T00:00:00.000Z

Sentiment: neutral

Topics: debt, equity, agreement

Related Tickers: MARA

TL;DR

Marathon Digital Holdings inked a new deal, possibly involving debt or equity, on Aug 14th. Details to follow.

AI Summary

Marathon Digital Holdings, Inc. announced on August 14, 2024, that it entered into a material definitive agreement related to its financial obligations. The company also reported on the creation of a direct financial obligation and unregistered sales of equity securities. Specific details regarding the dollar amounts and terms of these agreements were not fully disclosed in this initial filing.

Why It Matters

This filing indicates significant financial activities and potential new obligations for Marathon Digital Holdings, which could impact its financial structure and future operations.

Risk Assessment

Risk Level: medium — The filing mentions material definitive agreements and unregistered sales of equity, which can introduce financial risks and dilution if not managed properly.

Key Players & Entities

FAQ

What is the nature of the material definitive agreement entered into by Marathon Digital Holdings?

The filing states that Marathon Digital Holdings entered into a material definitive agreement, but the specific terms and counterparty are not detailed in this report.

What type of direct financial obligation was created by Marathon Digital Holdings?

The filing indicates the creation of a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specifics of this obligation are not provided.

Were there any unregistered sales of equity securities by Marathon Digital Holdings?

Yes, the filing explicitly lists 'Unregistered Sales of Equity Securities' as an item of information, suggesting such sales have occurred.

What is the significance of the 'Other Events' item in this 8-K filing?

The 'Other Events' category suggests that Marathon Digital Holdings is reporting on events not covered by the other specific items in the 8-K form, the details of which are not elaborated upon in the provided text.

When was this 8-K filing submitted and what is the earliest event date reported?

The filing was submitted on August 14, 2024, and the earliest event reported is also dated August 14, 2024.

From the Filing

0001493152-24-032433.txt : 20240814 0001493152-24-032433.hdr.sgml : 20240814 20240814172728 ACCESSION NUMBER: 0001493152-24-032433 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20240814 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Unregistered Sales of Equity Securities ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240814 DATE AS OF CHANGE: 20240814 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MARATHON DIGITAL HOLDINGS, INC. CENTRAL INDEX KEY: 0001507605 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] ORGANIZATION NAME: 09 Crypto Assets IRS NUMBER: 010949984 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-36555 FILM NUMBER: 241209694 BUSINESS ADDRESS: STREET 1: 1180 N. TOWN CENTER DRIVE STREET 2: SUITE 100 CITY: LAS VEGAS STATE: NV ZIP: 89144 BUSINESS PHONE: (800) 804-1690 MAIL ADDRESS: STREET 1: 1180 N. TOWN CENTER DRIVE STREET 2: SUITE 100 CITY: LAS VEGAS STATE: NV ZIP: 89144 FORMER COMPANY: FORMER CONFORMED NAME: Marathon Patent Group, Inc. DATE OF NAME CHANGE: 20130222 FORMER COMPANY: FORMER CONFORMED NAME: American Strategic Minerals Corp DATE OF NAME CHANGE: 20111213 FORMER COMPANY: FORMER CONFORMED NAME: VERVE VENTURES INC DATE OF NAME CHANGE: 20101210 8-K 1 form8-k.htm false 0001507605 0001507605 2024-08-14 2024-08-14 iso4217:USD xbrli:shares iso4217:USD xbrli:shares       UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934   Date of Report (Date of earliest event reported): August 14, 2024     MARATHON DIGITAL HOLDINGS, INC. (Exact name of Registrant as Specified in Its Charter)     Nevada   001-36555   01-0949984 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   101 NE Third Avenue , Suite 1200 Fort Lauderdale , FL 33301 (Address of principal executive offices and zip code)   (800) 804-1690 (Registrant’s telephone number, including area code)   Not Applicable (Former Name or Former Address, if Changed Since Last Report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)     ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)     ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))     ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))   Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock   MARA   The Nasdaq Capital Market   Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).   Emerging growth company  ☐   If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐             Item 1.01. Entry int

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