Marathon Digital Holdings, Inc. announced unaudited bitcoin (“BTC”) production and miner installation updates for July 2021. Produced 442.2 new minted bitcoins during July 2021, increasing total bitcoin holdings to approximately 6,225.6 with a fair market value of approximately $260.7 million. As of August 1, 2021, Marathon’s mining fleet has produced approximately 1,288.3 newly minted bitcoins during 2021. By month, the Company’s bitcoin production was as follows: January 2021: 50.4 BTC; February 2021: 43.4 BTC; March 2021: 97.9 BTC; April 2021: 162.1 BTC; May 2021: 226.6 BTC; June 2021: 265.6 BTC; July 2021: 442.2 BTC. As a result, Marathon currently holds approximately 6,225.6 BTC, including the 4,812.66 BTC the Company purchased in January 2021 for an average price of $31,168 per BTC. On August 1, 2021, the fair market value of one bitcoin was approximately $41,870, implying that the approximate fair market value of Marathon’s current bitcoin holdings is approximately $260.7 million. As of August 1, 2021, Bitmain has delivered approximately 19,401 S19 Pro ASIC miners to the Company’s mining facility in Hardin, MT. On August 1, 2021, the Company announced that it purchased an additional 30,000 S19j Pro miners from Bitmain. As a result, once all previously purchased miners are installed, the Company’s mining fleet is expected to consist of approximately 133,000 miners, generating approximately 13.3 EH/s. New miners continue to be installed on a daily basis, and based on current schedules, Marathon anticipates all previously purchased miners to be shipped from Bitmain by June 2022.