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PRESS RELEASES

MARATHON SIGNALS FOR TAPROOT

Marathon’s Mining Pool, MaraPool, To Cease Filtering Transactions

LAS VEGAS, May 31, 2021 (GLOBE NEWSWIRE) — Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon” or “Company”), one of the largest enterprise Bitcoin self-mining companies in North America, announced that the Company’s Bitcoin mining pool, MaraPool, has adopted and implemented Bitcoin Core version 0.21.1.

Bitcoin Core version 0.21.1 is the latest update to the Bitcoin client software, which is maintained and updated by a large open-source developer community that collaborates to launch new features and fixes. This latest update contains a variety of features, including the Taproot soft fork, which are designed to improve privacy, improve scalability, and lay the groundwork for future enhancements to Bitcoin’s functionality. According to the official release from Bitcoin Core:

“If activated, these improvements will allow users of single-signature scripts, multisignature scripts, and complex contracts to all use identical-appearing commitments that enhance their privacy and the fungibility of all bitcoins. Spenders will enjoy lower fees and the ability to resolve many multisig scripts and complex contracts with the same efficiency, low fees, and large anonymity set as single-sig users. Taproot and schnorr also include efficiency improvements for full nodes such as the ability to batch signature verification. Together, the improvements lay the groundwork for future potential upgrades that may improve efficiency, privacy, and fungibility further.”

Marathon will adopt the update without modification. As a result, Marathon’s mining pool, MaraPool, will no longer filter transactions. Once the update is complete, the pool will begin validating transactions in a manner consistent with all other miners who use the standard node.

“Marathon is committed to the core tenets of the Bitcoin community, including decentralization, inclusion, and no censorship,” said Fred Thiel, Marathon’s CEO. “Over the coming week, we will be updating all our miners to the full standard Bitcoin core 0.21.1 node, including support for Taproot. By adopting the full standard Bitcoin core node, we will be validating transactions on the blockchain in the exact same way as all other miners who use the standard node. We look forward to continue being a collaborative and supportive member of the Bitcoin community and to realizing the vision of Bitcoin as the first decentralized, peer-to-peer payment network that is powered by its users rather than a central authority or middlemen.”

PRESS RELEASES

MARATHON DIGITAL HOLDINGS SET TO JOIN THE RUSSELL 2000® INDEX

LAS VEGAS, June 15, 2021 (GLOBE NEWSWIRE) — Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon” or “Company”), one of the largest enterprise Bitcoin self-mining companies in North America, is set to join the Russell 2000® Index at the conclusion of the 2021 Russell indices’ annual reconstitution, effective after the U.S. stock markets open on June 28, 2021. The stock will also be automatically added to the appropriate growth and value indexes.

Membership in the Russell 2000 Index, which remains in place for one year, is based on membership in the broad-market Russell 3000® Index. Approximately $10.6 trillion in assets are benchmarked against Russell’s U.S. indexes. Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies.

“Being added to the Russell 2000® Index demonstrates the immense progress we have made transforming Marathon over the past year,” said Fred Thiel, Marathon’s CEO. “We expect our inclusion in the index to increase our visibility within the greater investment community, which will benefit both new and existing shareholders as we continue to build Marathon into one of the largest and most environmentally conscious Bitcoin miners in North America.”

Russell indexes are part of FTSE Russell, a leading global index provider. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. For more information on the Russell 2000 Index and the Russell indexes reconstitution, go to the “Russell Reconstitution” section on the FTSE Russell website.

Marathon Digital Holdings Company Contact:

Jason Assad

Telephone: 678-570-6791

Email: Jason@marathonpg.com

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