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  6. Marathon Digital Holdings Acquires Global Bit Ventures

M&A Deal Summary

Marathon Digital Holdings Acquires Global Bit Ventures

On November 2, 2017, Marathon Digital Holdings acquired information technology company Global Bit Ventures

Acquisition Highlights
  • This is Marathon Digital Holdings’ 2nd transaction in the Information Technology sector.
  • This is Marathon Digital Holdings’ 3rd transaction in the United States.
  • This is Marathon Digital Holdings’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2017-11-02
Target Global Bit Ventures
Sector Information Technology
Buyer(s) Marathon Digital Holdings
Deal Type Add-on Acquisition

Target

Global Bit Ventures

Burlington, Massachusetts, United States
Global Bit Ventures, Inc. is a technology company that powers and secures Blockchains by operating custom hardware and software, which verify Blockchain transactions. GBV currently owns 250GH/s of GPU mining servers and plans to add 14PH/s of ASIC hashing servers. Global Bit Ventures, Inc. is based in Burlington, Massachusetts.

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Buyer(S) 1

Buyer

Marathon Digital Holdings

Fort Lauderdale, Florida, United States
Category Company
Founded 2010
Sector Business Services
Employees152
Revenue 656M USD (2024)
DESCRIPTION

Marathon Digital Holdings is a patent acquisition and monetization company. Marathon Digital Holdings was founded in 2010 and is based in Fort Lauderdale, Florida.

DEAL STATS #
Overall 3 of 3
Sector: Information Technology M&A 2 of 2
Type: Add-on Acquisition M&A Deals 3 of 3
State: Massachusetts M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2017 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-24 CyberFone Systems

Alexandria, Virginia, United States

CyberFone Systems LLC is a full-service patent monetization firm cover claims that provide the right to practice specific transactional data processing, telecommunications, network and database inventions.

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