Marathon Patent Group Announces Results of Annual Meeting of Stockholders

About this update from Mara Holdings, Inc.

[{"type":"text","content":"LAS VEGAS, Nov. 18, 2019 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ:MARA) (\"Marathon\" or \"Company\"), today announced that on November 15, 2019, the Company held an annual meeting of stockholders (the “Meeting”). As of the record date for the Meeting, 7,853,461 shares of common and preferred stock were issued and outstanding. A total of 4,956,738 shares of common and preferred stock, constituting a quorum, were present and accounted for at the Meeting. At the Meeting, the Company’s stockholders approved the following proposals:\n (i) Approval of issuance of shares over 19.99%. The share issuance was approved, and the votes were cast as follows: Votes For Votes Against AbstentionsBroker Non-Vote1,804,876 34,329 4,8253,112,708 (ii) The reelection of each of the Class II following current directors of the Company, who were candidates for reelection. The directors were reelected, and the votes were cast as follows: Name Votes For Votes Against AbstentionsBroker Non-VoteMichael Berg 1,769,235 - 74,6483,112,855Michael Rudolph 1,766,031 - 77,8523,112,855 (iii) The ratification of the appointment of RBSM, LLP, as the Company’s independent registered certified public accountant for the fiscal year ended December 31, 2019. The appointment was ratified, and the votes were cast as follows: Votes For Votes Against Abstentions4,736,421 84,758 135,412 Merrick Okamoto, Marathon Chief Executive Officer, stated, “With the shareholder approval of the issuance of shares for the acquisition, the Company is now able to consummate the balance of the purchase of the previously disclosed acquisition of 6,000 S-9 Bitmain 13.5 TH/s Bitcoin Antminers. We would like to thank our stockholders for their support in completing this acquisition. When all 7,200 Miners are fully deployed, which we anticipate will be completed before year end, the Company’s total HashRate will increase from 14 PH/s prior to the acquisition to approximately 98 PH/s.” 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, 2018. If any of these risks were to occur, our business, financial condition o...

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