Marathon Digital Holdings Proposes Increase In Authorized Shares

According to BlockBeats, on January 10, Marathon Digital Holdings, a publicly listed Bitcoin mining company, announced a proposal to amend its corporate charter. Following extensive discussions with advisors, the company's board of directors decided to increase the number of authorized shares from 500 million to 800 million. This proposal aligns with similar actions taken by other companies in the industry. If approved, it will provide Marathon Digital Holdings with greater flexibility to capitalize on market conditions and favorable financing and acquisition opportunities.