Marathon Collaborates With NYDIG Provide Services MaraPool

Bitcoin miner Marathon Digital Holdings announced yesterday in a press release a new facet to its collaboration with institutional bitcoin services provider NYDIG. The expanded partnership will now allow all members of Marathon’s bitcoin mining pool, MaraPool, to access NYDIG’s products and services tailored to miners, including equipment procurement, financing, advisory services, and investment vehicles.

“NYDIG has been an important collaborator of ours, providing a variety of treasury management and trading services, including facilitation of the purchase of 4,812.66 bitcoins in January,” said Fred Thiel, Marathon’s CEO, per the release. “[By] collaborating with NYDIG on our mining pool, we have enabled all members of our pool to have access to the same world class solutions and expertise from which Marathon has benefitted.”

MaraPool is a U.S.-based bitcoin mining pool owned by Marathon that will begin accepting applications from other bitcoin mining companies based in the U.S. in late September. The pool, which focuses on carbon-neutral mining, provides its members with a suite of services and products. Now, NYDIG, which specializes in offering bitcoin investment and technology solutions to banks, corporations, institutions, and high-net-worth individuals, will further increase the offerings MaraPool provides its members with.