Abu Dhabi Global Markets mining joint venture with FS Innovation
Company: Marathon Digital - Project: Abu Dhabi
The claim, verbatim
Marathon and FS Innovation entered into shareholders agreement on January 27, 2023 to form an Abu Dhabi Global Markets company to establish and operate digital asset mining facilities, with Marathon owning 20% equity and FSI owning 80%
Source (primary)
Marathon Digital 10-K filed 2023-03-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “On January 27, 2023, the Company and FS Innovation, LLC ("FSI") entered into a Shareholders' Agreement (the "Agreement") regarding formation of an Abu Dhabi Global Markets company (the "ADGM Entity"), whose purpose shall be to jointly (a) establish and operate one or more mining facilities for digital assets; and (b) mine digital assets (collectively, the "Business")... the initial equity ownership in the ADGM Entity shall be 80% FSI and 20% the Company”
How we checked this
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Additional evidence
confirms Marathon Digital 10-K filed 2023-03-16
Quote: “On January 27, 2023, the Company and FS Innovation, LLC ("FSI") entered into a Shareholders' Agreement (the "Agreement") regarding formation of an Abu Dhabi Global Markets company (the "ADGM Entity"), whose purpose shall be to jointly (a) establish and operate one or more mining facilities for digital assets; and (b) mine digital assets (collectively, the "Business")... the initial equity ownership in the ADGM Entity shall be 80% FSI and 20% the Company”