Cryptocurrency patent acquisition from XpresSpa Group
Company: Marathon Digital
The claim, verbatim
Acquired four patents for $250,000 cash and 62,500 shares of common stock
Source (primary)
Marathon Digital S-3/A filed 2019-07-02 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “the Seller agreed to irrevocably assign, sell, grant, transfer and convey... the exclusive right, title and interest in and to four patents... As consideration for the Assigned IP, the Seller received (i) payment in the amount of $250,000 from CCPHC and (ii) 62,500 shares of common stock”
How we checked this
Checked on September 23, 2026. The cited source supports every part of this claim.
The filing describes the January 11, 2018 agreement under which XpresSpa assigned four patents in exchange for $250,000 and 62,500 company shares.
Confirmed in the source:
- The company, through its wholly owned subsidiary Crypto Currency Patent Holdings Company LLC, acquired four patents from XpresSpa Group, Inc.
- The patents relate to cryptocurrency (Bitcoin mobile-to-mobile payments)
- Consideration included a $250,000 payment
- Consideration included 62,500 shares of the company's common stock
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315219010149/forms-3a.htm) in full (159,981 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital S-3/A filed 2019-07-02
Quote: “the Seller agreed to irrevocably assign, sell, grant, transfer and convey... the exclusive right, title and interest in and to four patents... As consideration for the Assigned IP, the Seller received (i) payment in the amount of $250,000 from CCPHC and (ii) 62,500 shares of common stock”