Business
Marathon Digital Holdings Collaborates with Brink To Raise Up to $1 Million To Support Bitcoin Core Developers
Marathon To Match All Donations Up to $500,000 through 2023 FORT LAUDERDALE, Fla., May 18, 2023 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc.
About this update from Mara Holdings, Inc.
[{"type":"text","content":"Marathon To Match All Donations Up to $500,000 through 2023\nFORT LAUDERDALE, Fla., May 18, 2023 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) (\"Marathon\" or \"Company\"), a leader in supporting and securing the Bitcoin ecosystem, and Brink, a 501(c)(3), fully-donor supported organization dedicated to strengthening the Bitcoin protocol and network through research, development, and a robust support system for both emerging and established Bitcoin developers via funding, education, and mentorship programs, have joined forces to raise up to $1 million to help support Bitcoin Core developers, whose goal is to maintain the Bitcoin protocol. The Bitcoin protocol is the technology that enables Bitcoin to function as a decentralized, peer-to-peer payment network. This open-source software, which sets the rules and processes that govern the Bitcoin network, is maintained and improved by a community of developers around the world known as Bitcoin Core developers. These developers are volunteers, who often work pro bono or on a donation basis, to ensure the Bitcoin protocol functions. To ensure Bitcoin Core developers can continue their essential work of maintaining and strengthening the Bitcoin network, Marathon and Brink are joining forces to raise up to $1 million in donations for Bitcoin Core developers. Marathon has committed to matching all donations up to an aggregate of $500,000 through 2023, for a total potential donation amount of $1 million (when combined with third party donations). From May 18, 2023 to May 21, 2023, during the Bitcoin 2023 conference, Marathon will match all donations to Brink (up to a $500,000 maximum donation from Marathon) on a two-for-one basis. Following the conference, from May 22, 2023, to December 31, 2023, Marathon will match all donations on a one-for-one basis (up to a maximum donation of $500,000 when combined with donation matches from the Bitcoin 2023 conference interval). Those interested in contributing to the development and security of the Bitcoin network can visit this link to donate or to learn more about Brink and the Marathon match. Brink is a 501(c)(3), and all donations made to the organization are tax deductible. “At Marathon, we have historically focused on supporting Bitcoin by adding hash rate, which helps secure the network, and now, we are supporting those w...