Marathon Digital Holdings Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

NET LOSS PER SHARE

NET LOSS PER SHARE

12 Months Ended

Dec. 31, 2022

NOTE 8 - NET LOSS PER SHARE

Net loss per common share is calculated in accordance with ASC 260 - “Earnings Per Share” (“ASC 260”). Basic loss per share is computed by dividing net loss by the weighted average number of shares of common stock outstanding during the period. The computation of diluted net loss per share does not include dilutive common stock equivalents in the weighted average shares outstanding, as they would be anti-dilutive.

Securities that could potentially dilute loss per share in the future that were not included in the computation of diluted loss per share at December 31, 2022 and 2021 are as follows:

	2022		2021 (Restated)
	For the year ended December 31,
	2022		2021 (Restated)
Warrants to purchase common stock		324,375		326,779
Restricted stock units		1,255,648		642,094
Convertible notes to exchange common stock		9,812,955		9,812,955
Total dilutive shares		11,392,978		10,781,828

The following table sets forth the computation of basic and diluted loss per share:

	2022			2021 (Restated)			2020
	For the year ended December 31,
	2022			2021 (Restated)			2020
Net loss attributable to common shareholders	$	(686,740	)	$	(37,096	)	$	(10,448	)

Denominator:
Weighted average common shares - basic and diluted		113,467,837			99,337,587			81,408,340
Loss per common share - basic and diluted	$	(6.05	)	$	(0.37	)	$	(0.13	)