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$MARA Los Anegeles, Nov. 02, 2017 (Globe Newswire) Marathon Patent Group, Inc. (MARA), an IP licensing and management company, today announced that it has entered into a definitive purchase agreement to acquire 100% ownership of Global Bit Ventures Inc. (“GBV”), a digital asset technology company that mines cryptocurrencies. GBV has robust infrastructure in place with significant capability for expansion. The closing of the transaction is subject to obtaining requisite approvals.

“We previously expressed our intent to review alternative business directions with the goal of enhancing shareholder value,” stated Doug Croxall, CEO of Marathon Patent Group. “We believe the acquisition of Global Bit Ventures will take advantage of an ongoing revolution in digital transactions conducted on blockchains as we see increasing adoption and proliferation of blockchain protocols in our everyday lives." Marathon Patent Group to Acquire Global Bit Ventures Inc., a Digital Asset Technology Company http://investorsnewsmagazine.blogspot.com/2017/11/marathon-patent-group-mara-to-acquire.html