Marathon Digital Holdings, Inc.

Marathon Digital Holdings, Inc., now known as MARA Holdings, Inc., is a publicly traded digital asset technology company founded in 2010. Headquartered in Hallandale Beach, Florida, the company trades on the NASDAQ stock exchange under the ticker symbol MARA. As of early 2026, the company had a market capitalization of approximately $4.93 billion and employed 266 people. Originally incorporated as a patent holding company, Marathon shifted its focus to cryptocurrency in the late 2010s.

Marathon's primary business is cryptocurrency mining, with a focus on the Bitcoin ecosystem. The company owns and operates large-scale mining facilities and data centers in locations including Texas, Nebraska, North Dakota, Paraguay, and Abu Dhabi. Marathon states that it often co-locates its data centers with renewable or underutilized energy sources, such as wind farms and flared natural gas, to power its operations. It is one of the largest publicly traded Bitcoin miners and one of the largest corporate holders of Bitcoin.

As an operating company, Marathon's patent litigation profile consists of defending itself against infringement claims. The company is currently a defendant in one tracked case brought by Malikie Innovations Limited in the U.S. District Court for the Western District of Texas. This is consistent with the profile of an operating company being targeted by a patent assertion entity.

The case against Marathon was filed by Malikie Innovations Limited, which has been identified as a non-practicing entity (NPE) that acquired a large patent portfolio from BlackBerry. Malikie, in partnership with Key Patent Innovations Limited, has filed suits against numerous technology companies across various sectors. The litigation campaigns assert patents related to technologies such as Wi-Fi, data synchronization, and mobile payments.