Marathon Digital Holdings Appoints Sarita James and Said Ouissal to its Board of Directors
09 Agosto 2021 - 2:00PM
Marathon Digital Holdings, Inc.
(NASDAQ:MARA) ("Marathon" or
"Company"), one of the largest enterprise Bitcoin
self-mining companies in North America, has appointed Sarita James
and Said Ouissal to its board of directors, effective immediately.
As a result, Marathon’s board of directors now consists of seven
directors, including five independent directors and two inside
directors.
“As the Bitcoin ecosystem becomes increasingly more complex and
institutionalized, we believe it is imperative to add proven
leaders with diverse backgrounds and perspectives to our board who
can help strategically position Marathon for continued success,”
said Fred Thiel, Marathon’s CEO. “Both Sarita and Said have track
records of successfully leading and growing organizations in
industries directly pertinent to our own, and we are confident that
their guidance will be of great value to our business and to our
shareholders as we work to continue building Marathon into one of
the leading Bitcoin miners in North America.”
Sarita James is the CEO of Embark, a leading college
admissions software company, who brings to Marathon unique
expertise in technology, finance, and government
affairs. Prior to Embark, she held executive roles at
Citigroup, including chief operating officer of Citi Ventures.
After beginning her career in product development at Microsoft
Corporation, where she was awarded two patents, she worked as a
management consultant at McKinsey & Company and served in
various positions within federal and local government. In 2008, she
was awarded one of fourteen White House Fellowships and, under the
Obama administration, was appointed acting branch chief of the
Small Business Administration’s domestic Microloan program. After
winning the 1994 International Science and Engineering Fair, she
contributed a chapter to the book Girls and Young Women
Inventing. She previously served on the board of
the Asian American Writers’ Workshop. James holds a bachelor's
degree in computer science from Harvard College and an MBA from
Oxford University.
Said Ouissal brings to Marathon extensive experience in senior
leadership positions across IP networking (routing, switching, and
security), telecommunications, cloud, and mobile broadband.
Currently, he is the CEO and founder of ZEDEDA. Prior to ZEDEDA, he
held executive product management and (technical) sales roles at
various infrastructure companies, including Ericsson, Juniper
Networks, Redback Networks, and Violin Memory. Throughout his
career, he has also served in engineering and development roles at
Lucent, Versatel, and Conxion. Ouissal holds a bachelor’s
degree in computer science, is the author of two patents, and
speaks five languages.
Sarita James commented, “The team at Marathon has demonstrated
prescient decision-making and an ability to efficiently implement
their growth strategy over the past year. I look forward to helping
the management team continue building upon that momentum over the
coming quarters and years.”
Said Ouissal added, “Marathon is scaling its mining operations
at an impressive rate throughout this year and next, making it is
an incredibly exciting time to be joining the board. I look forward
to collaborating with my fellow board members and the management
team to help advance Marathon’s future development.”
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, 2020. 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. Future
changes in the network-wide mining difficulty rate or
Bitcoin hash rate may also materially affect the future
performance of Marathon's production of Bitcoin. Additionally, all
discussions of financial metrics assume mining difficulty rates as
of August 2021. See "Safe Harbor" 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 mines cryptocurrencies
with a focus on the blockchain ecosystem and the generation of
digital assets.
Marathon Digital
Holdings Company Contact: Charlie
SchumacherTelephone:
800-804-1690Email: charlie@marathondh.com
Jason Assad Telephone:
678-570-6791 Email: Jason@marathondh.com
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