Erich Spangenberg served as Director of Acquisitions, Licensing and Strategy at Marathon Digital from May 10, 2016 until August 3, 2017.
Under his executive employment agreement, Spangenberg was granted a ten-year stock option to purchase 500,000 shares of Common Stock at a strike price of $1.87 per share, vesting in 24 equal monthly installments. In 2016, his first partial year, he earned $150,000 in salary and $200,000 in bonus, along with $357,264 in stock awards. In 2017, he earned $142,728 in salary and $200,000 in bonus for total compensation of $364,277 before employment termination in August.
Biography extracted from Marathon Digital DEF 14A filed 2018-11-05 View cached copy (2026-09-13)Live source ↗
Compensation
| Year | Role as filed | Salary | Bonus | Option awards | Total | Source |
|---|---|---|---|---|---|---|
| 2016 | — | $150.0K | $200.0K | $357.3K | $707.3K | View cached copy (2026-09-13)Live source ↗ |
As reported in the company's DEF 14A Summary Compensation Table (SEC Reg S-K Item 402(c)). Stock and option awards are grant-date fair values — what the award was worth on the day it was granted, not cash received and not what it is worth now. Every row here reconciles: its columns add up to the total the filing printed.