Marathon Patent Group Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Information Technology : IT Services | Small Cap Blend
Company profile

Marathon Patent Group, Inc. is a digital asset technology company. The Company focuses on the blockchain ecosystem and the generation of digital assets. The Company is operating one mining facility in Quebec, with plans to open additional facilities in the future. The Company offers managed mining solutions on its robust proprietary infrastructure and smart mining software. The Company intends to power and secure blockchains by verifying blockchain transactions using custom hardware and software. It is using its hardware to mine bitcoin (BTC) and expect to mine BTC and ether (ETH), and potentially other cryptocurrencies.

Price
Delayed
$19.02
Day's Change
-3.33 (-14.90%)
Bid
--
Ask
--
B/A Size
--
Day's High
21.38
Day's Low
17.59
Volume
(Average)

Today's volume of 33,746,945 shares is on pace to be in-line with MARA's 10-day average volume of 70,059,934 shares.

33,746,945

UPDATE: Microsoft says TikTok acquisition talks are back on after Nadella, Trump chat

9:34 pm ET August 2, 2020 (MarketWatch)
Print

By Mike Murphy

Future of Chinese-owned video app in doubt amid crackdown by Trump administration

Microsoft Corp. said Sunday it is ready to continue acquisition talks with China's TikTok, following a conversation between CEO Satya Nadella and President Donald Trump.

"Microsoft fully appreciates the importance of addressing the president's concerns," the tech giant said in a blog post Sunday. "It is committed to acquiring TikTok subject to a complete security review and providing proper economic benefits to the United States, including the United States Treasury."

Microsoft (MSFT) said it is looking to "move quickly" in negotiations with TikTok parent Bytedance, and hopes to have a deal in place by Sept. 15. "During this process, Microsoft looks forward to continuing dialogue with the United States government, including with the president," the company said.

Under a deal, Microsoft would end up owning and operating TikTok operations in the U.S., Canada, Australia and New Zealand. Microsoft said other American investors may take a minority stake.

"This new structure would build on the experience TikTok users currently love, while adding world-class security, privacy, and digital safety protections," Microsoft said. "Among other measures, Microsoft would ensure that all private data of TikTok's American users is transferred to and remains in the United States."

Microsoft added that talks are still preliminary and may not result in a deal, and that it will have no further comment on the matter until there is "a definitive outcome" to the discussions.

The Wall Street Journal reported Saturday that the talks had been put on hold (http://www.marketwatch.com/story/microsoft-and-bytedance-put-tiktok-talks-on-hold-after-trump-signals-opposition-2020-08-01)after opposition from Trump. Last week, the president threatened to ban the popular video app (http://www.marketwatch.com/story/trump-says-hell-act-to-ban-tiktok-in-us-as-soon-as-saturday-2020-08-01)from operating in the U.S. due to national security concerns.

On Sunday, Secretary of State Mike Pompeo said (http://www.marketwatch.com/story/pompeo-says-tiktok-isnt-the-only-chinese-software-that-trump-will-take-action-against-2020-08-02)TikTok was not the only Chinese-owned software company in the White House's cross-hairs, and that Trump would "take care of" other companies that pose security risks.

The Trump administration claims TikTok and other Chinese software companies pose risks because the could send private user data to the Chinese government. Critics say banning the up-and-coming TikTok would benefit companies such as Facebook Inc. (FB) and Alphabet's (GOOGL) (GOOGL) Google -- which are already under government antitrust scrutiny -- by removing a key competitor.

-Mike Murphy; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

August 02, 2020 21:34 ET (01:34 GMT)

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