Marathon Patent Group Inc (OQ:MARA)

Business Focus: Financial Technology & Infrastructure

Sector:  Financials Industry:  Financial & Commodity Market Operators
See Regulatory Filings on SEC
Company Contact
Address: 1180 N Town Center Dr Ste 100
LAS VEGAS NV 89144-6308
Tel: 1-678-5706791
IR: See website
Key People
Merrick D. Okamoto
Executive Chairman of the Board, Interim Chief Executive Officer
David P. Lieberman
Interim Chief Financial Officer, Director
James G. Crawford
Chief Operating Officer
Business Overview
Marathon Patent Group, Inc. is a digital asset technology company. The Company focuses on the blockchain ecosystem and the generation of digital assets. The Company is operating one mining facility in Quebec, with plans to open additional facilities in the future. The Company offers managed mining solutions on its robust proprietary infrastructure and smart mining software. The Company intends to power and secure blockchains by verifying blockchain transactions using custom hardware and software. It is using its hardware to mine bitcoin (BTC) and expect to mine BTC and ether (ETH), and potentially other cryptocurrencies.
Financial Overview
For the six months ended 30 June 2019, Marathon Patent Group Inc revenues decreased 37% to $586K. Net loss decreased 77% to $1.6M. Revenues reflect Cryptocurrency mining revenue decrease of 32% to $586K, Other revenue decrease from $67K to $0K. Lower net loss reflects Break-up fee - issuance of shares to GBV decrease from $2.9M (expense) to $0K, Amortization of debt discount decrease from $2.3M (expense) to $0K.
Employees: 3 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $9.20M as of Sep 30, 2019
Annual revenue (TTM): $1.22M as of Sep 30, 2019
EBITDA (TTM): -$3.87M as of Sep 30, 2019
Net annual income (TTM): -$7.35M as of Sep 30, 2019
Free cash flow (TTM): -$4.10M as of Sep 30, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 7,853,461 as of Oct 14, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization