Fidelity Concord Street Trust - Fidelity Extended Market Index Fund (MutualFund:FSMA.X), Fidelity Concord Street Trust - Fidelity Total Market Index Fund, Fidelity Concord Street Trust - Fidelity Nasdaq Composite Index Fund (MutualFund:FNCM.X) and Fidelity Concord Street Trust - Fidelity Series Total Market Index Fund, funds managed by Fidelity Management & Research Company LLC, acquired 7.4% stake in Marathon Digital Holdings, Inc. for approximately $20 million.
August 03, 2021
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Fidelity Concord Street Trust - Fidelity Extended Market Index Fund (MutualFund:FSMA.X), Fidelity Concord Street Trust - Fidelity Total Market Index Fund, Fidelity Concord Street Trust - Fidelity Nasdaq Composite Index Fund (MutualFund:FNCM.X) and Fidelity Concord Street Trust - Fidelity Series Total Market Index Fund, funds managed by Fidelity Management & Research Company LLC, acquired 7.4% stake in Marathon Digital Holdings, Inc. (NasdaqCM:MARA) for approximately $20 million on July 22, 2021.
Fidelity Concord Street Trust - Fidelity Extended Market Index Fund (MutualFund:FSMA.X), Fidelity Concord Street Trust - Fidelity Total Market Index Fund, Fidelity Concord Street Trust - Fidelity Nasdaq Composite Index Fund (MutualFund:FNCM.X) and Fidelity Concord Street Trust - Fidelity Series Total Market Index Fund, funds managed by Fidelity Management & Research Company LLC, completed the acquisition of 7.4% stake in Marathon Digital Holdings, Inc. (NasdaqCM:MARA) on July 22, 2021.
Marathon Digital Holdings, Inc. is a digital asset technology company, which is focused on supporting and securing the Bitcoin ecosystem. The Company is engaged in owning and operating bitcoin mining facilities or data centers, selling proprietary software or technology to third parties operating in the Bitcoin ecosystem, offering advisory and consulting services to support bitcoin mining ventures in domestic and international jurisdictions, and generating electricity from renewable energy resources or methane gas capture to power bitcoin mining projects. Its business is also active in Bitcoin-related projects related to the technological development of immersion, hardware, firmware, mining pools and side chains that use the blockchain cryptography. It operates approximately 210,000 mining rigs globally, with an installed and energized hash rate of approximately 25.2 and 24.7 exahashes per second, respectively. The Company has mined 12,852 bitcoins.
Fidelity Concord Street Trust - Fidelity Extended Market Index Fund (MutualFund: FSMA.X), Fidelity Concord Street Trust - Fidelity Total Market Index Fund, Fidelity Concord Street Trust - Fidelity Nasdaq Composite Index Fund (MutualFund