• Marathon plans to acquire Global Bit Ventures that uses servers to mine digital currency such as bitcoin
• Marathon to shift away from patent monetization efforts, seek success in new digital asset market
Patent-licensing company Marathon Patent Group Inc. is looking to expand into the volatile digital currency business in a bid to reverse its falling fortunes.
Marathon said Nov. 28 it would issue 127 million shares, versus 8.7 million outstanding as of Nov. 14, to fund a plan to grow beyond its struggling core business of licensing and litigating patents.
The company announced Nov. 2 it will acquire Global Bit ...
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