Abu Dhabi joint venture formation
Company: Marathon Digital - Project: Abu Dhabi
The claim, verbatim
Marathon and FS Innovation entered into shareholders agreement January 27, 2023 to jointly establish and operate mining facilities in Abu Dhabi with Marathon owning 20% equity
Source (primary)
Marathon Digital 10-K filed 2023-03-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “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... 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: “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... the initial equity ownership in the ADGM Entity shall be 80% FSI and 20% the Company”