Global Bit Ventures merger termination with share-based break-up fee
Company: Marathon Digital
What the later record shows
Not a promise: a reported event · happened June 28, 2018
The statement, made on 2018-08-13, reports that the GBV merger agreement had already expired on June 28, 2018 and that the board had approved the termination fee shares. No passage covers it.
Checked October 10, 2026 against filings, releases and reporting published after the claim was made. Quotes are verbatim from the linked documents.
The claim, verbatim
Amended Merger Agreement with Global Bit Ventures expired on June 28, 2018; 3,000,000 common shares approved to be issued as termination fee
Source (primary)
Marathon Digital 10-Q filed 2018-08-14 (SEC EDGAR, sec_filing)
View cached copy (2026-09-13)Live source ↗
Quote: “allow the Amended Merger Agreement with Global Bit Ventures, Inc. ("GBV") to expire on its current termination date of June 28, 2018 without further negotiation or extension. The Board approved to issue 3,000,000 shares of the Company's common stock to GBV as a termination fee for the Company canceling the proposed merger”
How we checked this
Checked on October 11, 2026. The cited source supports every part of this claim.
The 10-Q states that the board let the Amended Merger Agreement with GBV expire on June 28, 2018. It also states that the board approved issuing 3,000,000 common shares to GBV as a termination fee.
Confirmed in the source:
- Marathon Patent Group's Amended Merger Agreement with Global Bit Ventures, Inc. (GBV) was allowed to expire on its termination date of June 28, 2018 without further negotiation or extension
- Marathon's board approved issuing 3,000,000 shares of common stock to GBV as a termination fee for canceling the proposed merger
What we did: Read our cached copy of SEC EDGAR (https://www.sec.gov/Archives/edgar/data/1507605/000149315218011571/form10-q.htm) in full (82,760 characters, retrieved September 13, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms Marathon Digital 10-Q filed 2018-08-14
Quote: “allow the Amended Merger Agreement with Global Bit Ventures, Inc. ("GBV") to expire on its current termination date of June 28, 2018 without further negotiation or extension. The Board approved to issue 3,000,000 shares of the Company's common stock to GBV as a termination fee for the Company canceling the proposed merger”