Marathon Digital Holdings Releases Industry-Leading Bitcoin Mining Firmware and Control Board
25 März 2024 - 1:30PM
Marathon Digital Holdings, Inc.
(NASDAQ:MARA) ("Marathon"
or "Company"), one of the world’s largest publicly traded
Bitcoin miners and a leader in supporting and securing the Bitcoin
ecosystem, today launched MARAFW and MARA UCB 2100, industry
leading firmware and a control board designed to improve the
performance, efficiency, and versatility of various Bitcoin mining
rigs.
For the past year, Marathon has been developing
and testing MARAFW and MARA UCB 2100 control board as part of its
vertical tech stack to optimize performance. The Company is
currently rolling out MARAFW across its fleet of more than 200,000
Bitcoin mining rigs.
Given the positive results of these initial
rollouts, Marathon is now offering both MARAFW and MARA UCB 2100 to
the broader Bitcoin mining community. Marathon has already
successfully sold MARAFW and MARA UCB2100 to multiple enterprise
clients. The Company is now providing all interested miners with
the opportunity to experience some of the unique technology that
sets Marathon apart.
MARAFW is custom firmware designed to optimize
the individual chip settings of Bitcoin miners, providing an
opportunity to improve their performance and efficiency while
stabilizing operations. MARAFW offers several key features that
seek to optimize Bitcoin miners, including increasing hash rate
while maintaining optimal efficiency and allowing for quick
auto-tuning or manual customization of settings for targeted
performance. It provides options for overclocking to assist in
boosting bitcoin production or underclocking for improved
efficiency. Additionally, MARAFW includes intelligent thermal
protection to defend miners against overheating, thereby protecting
their longevity. MARAFW is compatible with the majority of stock
control boards, as well as Marathon’s MARA UCB 2100.
MARA UCB 2100 is a replacement control board,
designed in-house by Marathon, that comes preloaded with Marathon’s
proprietary firmware – MARAFW. The control board supports various
Bitcoin mining rigs and is compatible across multiple mining
pools.
“One of Marathon’s key differentiators is its
vertical tech stack, and for the first time, we are providing the
broader mining community with an opportunity to experience some of
the proprietary technologies that set Marathon apart,” said Fred
Thiel, Marathon’s chairman and CEO. “With MARAFW and MARA UCB 2100,
we have developed a unique set of complimentary products that we
believe can help miners better navigate the upcoming halving and
beyond. We invite all parties who are interested in mining like
Marathon to contact us and test some of the unique technologies
that we are developing to improve profitability, efficiency, and
stability.”
From March 26 to March 27, 2024, Marathon will
be showcasing the new MARA UCB 2100 control board at the Empower
Conference in Houston.
MARAFW and MARA UCB 2100 are available for
purchase today. To schedule a demo or to learn more about these
products, visit mara.com/firmware and mara.com/control-board.
Investor Notice 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 fiscal year ended December 31, 2023, filed with the SEC on
February 28, 2024. If any of these risks were to occur, our
business, financial condition or results of operations would likely
suffer. In that event, the value of our securities could decline,
and you could lose part or all of your investment. The risks and
uncertainties we describe are not the only ones facing us.
Additional risks not presently known to us or that we currently
deem immaterial may also impair 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 results in the future. See "Forward-Looking
Statements" 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.
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 the Company might not even
anticipate and involve factors that 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.
About Marathon Digital Holdings
Marathon is a digital asset technology company that focuses on
supporting and securing the Bitcoin ecosystem. The Company is
currently in the process of becoming one of the largest and most
sustainably powered Bitcoin mining operations in North America.
For more information, visit www.mara.com, or
follow us on:
Twitter: @MarathonDHLinkedIn:
www.linkedin.com/company/marathon-digital-holdingsFacebook:
www.facebook.com/MarathonDigitalHoldings Instagram:
@marathondigitalholdings
Marathon Digital
Holdings Company Contact:
Telephone: 800-804-1690Email: ir@mara.com
Marathon Digital Holdings Media
Contact:Email: marathon@wachsman.com
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