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

Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2021

A summary of the status of the Company’s outstanding stock warrants and changes during the three months ended March 31, 2021 is as follows :

	Number of Warrants			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)
Outstanding as of December 31, 2020		287,656		$	12.64		2.7
Issued		375,000			25.00		4.8
Expired		-			-		-
Exercised		(213,866	)		7.49		3.1
Outstanding as of March 31, 2021		448,790		$	25.42		4.1
Warrants exercisable as of March 31, 2021		448,790		$	25.42		4.1

A summary of the stock options as of March 31, 2021 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, 2020		106,120		$	44.32		4.28
Exercised		(25,000	)		2.04		-
Outstanding as of March 31, 2021		81,120		$	57.35		4.25
Options vested and expected to vest as of March 31, 2021		81,120		$	57.35		4.25
Options vested and exercisable as of March 31, 2021		81,120		$	57.35		4.25

The aggregate intrinsic value of options outstanding and exercisable at March 31, 2021 was				$	701,466

A summary of the restricted stock award activity for the three months ended March 31, 2021 as follows :

	Number of Units			Weighted Average Grant Date Fair Value
Nonvested at December 31, 2020		566,279		$	0.43
Granted		4,999,999		$	10.44
Vested		(5,289,594	)	$	9.37
Nonvested at March 31, 2021		276,684		$	10.44