Marathon Digital Holdings Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2020

A summary of the status of the Company’s outstanding stock warrants and changes during the nine months ended September 30, 2020 is as follows :

	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Outstanding as of December 31, 2019		182,191		$	25.04		2.8
Issued		536,667			1.13		4.8
Exercised		(4,722	)		1.13		-
Expired		(17,969	)		59.14		-
Outstanding as of September 30, 2020		696,167		$	5.89		4.0
Warrants exercisable as of September 30, 2020		696,167		$	5.89		4.0

A summary of the stock options as of September 30, 2020 and changes during the period are presented below :

	Number of Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Outstanding as of December 31, 2019		1,731,745		$	5.50		7.92
Cancelled		(1,587,500	)		2.28		-
Expired		(4,063	)		110.67		-
Outstanding as of September 30, 2020		140,182		$	38.92		4.38
Options vested and expected to vest as of September 30, 2020		140,182		$	38.92		4.38
Options vested and exercisable as of September 30, 2020		140,182		$	38.92		4.38

A summary of the restricted stock award activity for the nine months ended September 30, 2020 as follows :

	Number of Units			Weighted Average Grant Date Fair Value
Nonvested at December 31, 2019		18,750		$	6.88
Granted		2,745,639		$	0.43
Vested		(1,391,570	)	$	0.50
Nonvested at September 30, 2020		1,372,820		$	0.45