Pre-development proceeds, but no building construction without a tenant
Company: Marathon Digital
The claim, verbatim
Thiel said MARA will advance power infrastructure, network and site work without a signed lease but will not start constructing a building without a tenant.
Source (primary)
[MARA Holdings Q3 2026 Earnings Call] MARA Posts $632M Net Income Despite 35% Revenue Drop, Unveils $500M Buyback and $1.1B Bitcoin Sale to Slash Debt 37% - BigGo Finance (-, news_article)
View cached copy (2026-11-10)Live source ↗Archive.org ↗
Quote: “We're not going to start building a building without a tenant, but we'll do power infrastructure, all of that stuff, network, et cetera, so that we're ready to go”
How we checked this
Checked on November 11, 2026. The cited source supports every part of this claim.
The article reports the pre-development work proceeding without a signed lease and quotes Thiel saying that no building will be started without a tenant.
Confirmed in the source:
- MARA is advancing power infrastructure, network and site work without a signed lease, as reported in the article's account of Thiel's remarks
- Thiel said MARA will not start building a building without a tenant
What we did: Read our cached copy of the publisher (https://finance.biggo.com/news/US_MARA_2026-11-09) in full (12,616 characters, retrieved November 10, 2026) and checked each assertion in the claim against it.
Additional evidence
confirms [MARA Holdings Q3 2026 Earnings Call] MARA Posts $632M Net Income Despite 35% Revenue Drop, Unveils $500M Buyback and $1.1B Bitcoin Sale to Slash Debt 37% - BigGo Finance
Quote: “We're not going to start building a building without a tenant, but we'll do power infrastructure, all of that stuff, network, et cetera, so that we're ready to go”