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Should be over 10…
Nice, 2.10!
Looks like John picked a starter… ;)
Holding strong! Squeeze to 15 Mañana!!!
On January 27, 2023, Marathon Digital Holdings, Inc. (the “Company”) and FS Innovation, LLC (“FSI”) entered into a Shareholders’ Agreement (the “Agreement”) regarding formation of an Abu Dhabi Global Markets company (the “ADGM Entity”), whose purpose shall be to jointly (a) establish and operate one or more mining facilities for digital assets; and (b) mine digital assets (collectively, the “Business”). The initial project by the ADGM Entity shall consist of two digital asset mining sites comprising 250 MW in Abu Dhabi, and the initial equity ownership in the ADGM Entity shall be 80% FSI and 20% the Company, and capital contributions will be made, subject to the satisfaction or waiver of certain conditions, during the 2023 development period in those proportions, consisting of both cash and in kind, in amounts of approximately $406 million in aggregate. FSI will appoint four directors to the board of the ADGM Entity, and the Company will appoint one director.
Unless otherwise not permitted by applicable law, the digital assets mined by the ADGM Entity will be distributed to the Company and FSI twice a month in proportion to their respective equity interests in the ADGM Entity. There are market provisions in the Agreement with respect to financial and tax matters.
The Agreement shall terminate at the earlier of the mutual written agreement of the parties, winding up of the ADGM Entity or the ownership by a shareholder of all of the outstanding equity interests in the ADGM Entity. The Agreement contains market terms on transfer of shares by a shareholder, pre-emptive rights and certain tag along and drag along rights upon a sale of the ADGM Entity. Furthermore, there are five year restrictive covenants which, inter alia, prevent Marathon from competing in the UAE with the Business or with the business of FSI or any of certain related parties and prevent FSI from competing in the U.S. with the business of Marathon.
Excellent article… and should see some significant growth in the upcoming reports!
https://www.premiumtimesng.com/promoted/571856-new-opportunities-await-farmers-as-tingo-expands-across-africa.html
Holding til we hit resistance at 15…
Added a couple thousand today myself
Looking like 23,3’s by eod…
Should be over 10 by now!… seriously lagging, show us the squeeze!
Chart’s looking good
Ugly little h&s playing out
Wow, someone got some .33’s
And just like that! The MARA is lagging… we should be testing resistance in the upper 9’s by now… was at 15 three months ago…
And she will again…
Boom time
Clearly lagging
Chart looks strong! Should be over 9 for sure…
19.5 by 2:00
Looks like another leg coming!
She’s lagging new highs!
Massive volume today…
Looks like she wants blow up again on the chart
Should see 7’s
Looking good
What also seems clear is there is definite plan for aggressive growth, and the creation of a complete ecosystem…
I don’t think they technically own it yet, only the agreement to purchase, haven’t been able dig up much information on the private company (GFT)who still currently hold the asset according to crunchbase…
No confusion here… float pretty much tied up, and underwater at these levels, picked up another 2800 yesterday, holding around 25K…
The puzzle pieces that are not clear yet, are the terms of the coinfield deal,(which I imagine will not be rolled out until after Mict/nasdaq uplist(ticker change again)… many questions on that front…
A list of the insider buys…
SEC Transactions Last 2 Years
TRANS DATE FILER PRICE
07/21/2022 CHARLIER CHRISTOPHE
Director 0.616
05/23/2022 RANDALL-EMEKA DERRICK
Director 1.40
05/26/2022 PATEL DAKSHESHKUMAR B
Officer 1.50
05/26/2022 CLEVERLY CHRISTOPHER JOHN
Officer 1.50
05/26/2022 ADEBAYO ADEWALE
Director 1.50
05/26/2022 KASUMBA LESLIE NABANYA
Director 1.50
05/26/2022 ONUBOGU ONYEKACHI ELOCHUKWU
Director 1.50
05/26/2022 MMOBOUSI DOZY
Officer 1.50
05/26/2022 BOWEN RORY
Officer 1.50
05/26/2022 DENOS KENNETH I
Officer 1.50
05/25/2022 TINGO INTERNATIONAL HOLDINGS, INC.
Beneficial Owner (10%) 1.50
04/14/2022 TINGO INTERNATIONAL HOLDINGS, INC.
Beneficial Owner (10%) 3.50
04/12/2022 TINGO INTERNATIONAL HOLDINGS, INC.
Beneficial Owner (10%) 3.50
04/12/2022 DENOS KENNETH I
Officer 3.50
04/12/2022 CLEVERLY CHRISTOPHER JOHN
Officer 3.50
04/12/2022 PATEL DAKSHESHKUMAR B
Officer 3.50
08/15/2021 TINGO INTERNATIONAL HOLDINGS, INC.
Beneficial Owner (10%)
05/25/2022 TINGO INTERNATIONAL HOLDINGS, INC.
Beneficial Owner (10%) 1.50
04/14/2022 TINGO INTERNATIONAL HOLDINGS, INC.
Beneficial Owner (10%) 3.50
04/12/2022 TINGO INTERNATIONAL HOLDINGS, INC.
Beneficial Owner (10%) 3.50
04/12/2022 DENOS KENNETH I
Officer 3.50
04/12/2022 CLEVERLY CHRISTOPHER JOHN
Officer 3.50
04/12/2022 PATEL DAKSHESHKUMAR B
Officer 3.50
08/15/2021 TINGO INTERNATIONAL HOLDINGS, INC.
Beneficial Owner (10%)
OTCmarkets always has the best current information…
Share Structure
Market Cap Market Cap
576,932,619
01/10/2023
Authorized Shares
1,250,000,000
11/09/2022
Outstanding Shares
1,227,516,211
11/09/2022
Restricted
1,058,276,250
11/09/2022
Unrestricted
169,239,961
11/09/2022
Held at DTC
77,553,295
11/09/2022
Float
215,466,211
01/06/2022
Yes! 1B restricted… float 215M…
Fidelity summary…
Information TechnologyOpens in a new window
Market cap. Micro Cap ($607.48M)
Shares outstanding 1,292,516,211…
Considering original valuation given based on current revenues at the time of RM into iwbb (7/21)… of 4B, …with annual revs increasing, and currently approaching 1B… and haven’t yet seen the increase in subscriber base from Ghana expansion… … ya, I’d say wayyyyyyyy undervalued here…
Current MC @607.42mil…!
32 mil already, I think she hits 5.80’s by eod…
Picked up some 4.20’s this morning, huge short interest… should get squeezy