Marathon Patent Group names former Las Vegas monorail
LAS VEGAS, October 20, 2020 (GLOBE NEWSWIRE) – Marathon Patent Group, Inc. (NASDAQ:MARA) (“Marathon” or “Company”), one of the largest Bitcoin mining companies in North America, today announced the appointment of Simeon Salzman as Chief Financial Officer. Simeon will report to Chairman and CEO, Merrick Okamoto, while overseeing all financial activities, including audits, acquisitions, finance, tax and accounting. Simeon succeeds former CFO David Lieberman, who had worked closely with Okamoto for 18 years. Mr. Lieberman will continue to serve on the board of directors of the company.
“Marathon Patent Group is at the forefront of a dramatic transformation of the Bitcoin ecosystem,” said Simeon Salzman, CFO of Marathon Patent Group. “I am delighted to join the company as they begin construction and rapid deployment of miners in their new data center. I look forward to helping the company build on the strong foundation that Merrick and his team have created to capitalize on the exponential growth of digital asset mining in North America.
Prior to joining Marathon, Mr. Salzman was CFO and Senior Vice President of Las Vegas Monorail Company, a private 501c (4) non-profit entity, from 2018 to 2020. There he was responsible for overseeing all functions. financial, including audit, treasury and corporate finance. In addition, he was responsible for internal control compliance and management strategy.
Prior to being CFO of Las Vegas Monorail Company, Mr. Salzman served as CFO of Wendoh Media and Corner Bar Management for over three years, from 2015 to 2018. Through enhanced analytical reviews, budgeting, Implementing internal control and reducing overhead costs, Mr. Salzman was able to save over $ 1.4 million in total costs and generate EBITDA of over 25% for eight consecutive quarters.
Mr. Salzman holds a Bachelor of Science in Accounting and a Bachelor of Arts in Criminal Justice and Criminology from the University of Maryland, College Park. He is a certified accountant.
Marathon CEO Merrick Okamoto also said, “While we are delighted to welcome Sim to our team, I would like to personally thank David Lieberman for the fundamental work he did during his tenure with of the society. We wish him well as he enters the next chapter of his retirement life. “
Notice to Investors
Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under “Risk Factors” in Item 1A of our most recent Annual Report on Form 10-K for the year ended. December 31, 2019. If any of these risks were to occur, our business, financial condition or results of operations would likely be adversely affected. In this case, the value of our securities could fall and you could lose some or all of your investment. The risks and uncertainties we describe are not the only ones we face. Additional risks that we are not currently aware of or that we currently consider to be negligible may also adversely affect our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate future results. Future changes in the network-wide mining difficulty rate or Bitcoin hashrate could also significantly affect the future performance of Bitcoin production by Marathon. See “Safe Harbor” below.
Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements may be identified by the use of words such as “may”, “will”, “plan”, “should”, “expect”, “anticipate”, “estimate”, “continue” or similar terminology. These forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which cannot be predicted with precision by the Company and some of which might not even be anticipated and involve factors which may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are encouraged to consider the factors listed above as well as additional factors under the heading “Risk Factors” in the Company’s annual reports on Form 10-K , as may be supplemented or amended by the Company’s quarterly reports on Form 10-Q. The Company assumes no obligation to update or supplement any forward-looking statements that become false due to subsequent events, new information or otherwise.
About Marathon Patent Group
Marathon is a digital asset technology company that operates cryptocurrencies, with a focus on the blockchain ecosystem and digital asset generation.
Contact of the company Marathon Patent Group:
E-mail: [email protected]
Contact for investors of Marathon Patent Group:
Investor Relations Gateway
Matt Glover and Charlie Schumacher
E-mail: [email protected]