– $417 Million of Convertible Notes Exchanged at Approximately 2 1 % Discount – Approximately $ 101 Million in Cash S avings b efore Transaction Costs – Transaction s Accretive to Existing Stockholders by Approx. $0. 5 5 P er Shar e Fort Lauderdale, FL, Sept. 20, 2023 (GLOBE NEWSWIRE) — Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or "Company"), a leader in supporting and securing the Bitcoin ecosystem, has completed the pricing period of the previously announced, privately negotiated exchange agreements with certain holders of its 1.00% Convertible Senior Notes due 2026 (the "Notes"). On average, the transactions represent an approximately 21% discount to the par value and result in approximately $101 million in cash savings before transaction costs for the Company. In total, Marathon exchanged $417 million aggregate principal amount of the Notes held by such holders (the "Exchanges") for an aggregate 31.7 million newly issued shares of Marathon common stock.