Abu Dhabi mining JV formation with capital commitment
Company: Marathon Digital - Project: Abu Dhabi
The claim, verbatim
Company will form ADGM entity with FS Innovation LLC to operate two 250 MW digital asset mining sites in Abu Dhabi with 20% ownership; Marathon will contribute approximately $81.2 million (20% of $406 million aggregate) in capital and in-kind contributions during 2023 development period
Source (primary)
Marathon Digital 10-K filed 2023-03-16 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “capital contributions will be made, subject to the satisfaction or waiver of certain conditions, during the 2023 development period in those proportions, consisting of both cash and in kind, in amounts of approximately $406,000 thousand in aggregate”
How we checked this
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Additional evidence
confirms Marathon Digital 10-K filed 2023-03-16
Quote: “capital contributions will be made, subject to the satisfaction or waiver of certain conditions, during the 2023 development period in those proportions, consisting of both cash and in kind, in amounts of approximately $406,000 thousand in aggregate”