Item 1.01. Amendment to Material Definitive Agreements
On March 31, 2022, Marathon Digital Holdings, Inc. (the "Company") amended its
previously announced agreements with affiliates of Beowulf Energy LLC, a
Delaware limited liability company (collectively and as applicable, "Beowulf"),
and Two Point One, LLC, a Delaware limited liability company ("2P1"), pursuant
to which Beowulf and 2P1 have been designing and developing a data center
facility of up to 110-megawatts (the "Facility") located next to, and supplied
energy directly from, Beowulf's power generation station in Hardin, MT. As part
of the Company's mandate to become carbon neutral by the end of the 2022 fiscal
year, the Company, Beowulf and 2P1 agreed to terminate the Data Facility
Services Agreement, the Power Purchase Agreement and the Ground Lease for the
Facility as of August 15, 2022, and the Company will redeploy its
Hardin-installed miners to renewable power facilities on or before September 30,
2022.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 Press Release, dated April 5, 2022.
104 Cover page interactive data file (embedded within the inline XBRL
document).
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