OverviewSuggest Edit

Marathon Patent Group is a patent and patent rights acquisition and licensing company which acquires patents and patent rights from patent holders ranging from individual inventors to Fortune 500 companies. Marathon Patent Group generates revenue with its diversified portfolio through actively managed concurrent licensing campaigns.

TypePublic
Founded2013
HQLas Vegas, NV, US
Websitemarathonpg.com

Latest Updates

Employees (est.) (Dec 2018)3
Revenue (FY, 2020)$4.4 M(+268%)
Share Price (Jul 2021)$24.5
Cybersecurity ratingBMore

Key People/Management at Marathon Patent Group

Merrick Okamoto

Merrick Okamoto

Executive Chairman and Chief Executive Officer
Jim Crawford

Jim Crawford

Chief Operating Officer
Fred Thiel

Fred Thiel

Director
Simeon Salzman

Simeon Salzman

Chief Financial Officer
Michael Berg

Michael Berg

Director
Peter Benz

Peter Benz

Director
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Marathon Patent Group Office Locations

Marathon Patent Group has offices in Las Vegas and Alexandria
Las Vegas, NV, US (HQ)
1180 N Town Center Dr #100
Alexandria, VA, US
2331 Mill Rd #100
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Marathon Patent Group Financials and Metrics

Marathon Patent Group Revenue

Marathon Patent Group's revenue was reported to be $4.36 m in FY, 2020
USD

Revenue (Q1, 2021)

9.2m

Gross profit (Q1, 2021)

6.7m

Gross profit margin (Q1, 2021), %

73.7%

Net income (Q1, 2021)

83.4m

EBIT (Q1, 2021)

(47.1m)

Market capitalization (15-Jul-2021)

2.4b

Closing stock price (15-Jul-2021)

24.5

Cash (31-Mar-2021)

211.9m

EV

2.2b
Marathon Patent Group's current market capitalization is $2.4 b.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

724.1k3.4m21.4m19.0m36.6m519.6k1.6m1.2m4.4m

Revenue growth, %

93%

Cost of goods sold

957.0k11.8m16.6m19.1m3.5m3.4m2.5m7.0m

Gross profit

2.5m9.6m2.4m17.6m(3.0m)(1.8m)(1.3m)(2.6m)
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

55.02.4m3.6m5.1m2.6m5.0m14.9m2.6m693.0k141.3m

Accounts Receivable

270.0k217.0k136.8k1.5m6.8k74.8m

Prepaid Expenses

3.3k40.3k752.9k438.4k338.6k92.9k464.0k800.0k2.4m

Current Assets

2.5m4.6m7.7m4.8m5.5m15.0m3.0m1.5m286.4m
USDQ3, 2011

Financial Leverage

-1.8 x
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Marathon Patent Group Cybersecurity Score

Cybersecurity ratingPremium dataset

B

86/100

SecurityScorecard logo

Marathon Patent Group Online and Social Media Presence

Embed Graph

Marathon Patent Group News and Updates

Bitmain Ships 4,000 Antminer S-19 Pro ASIC Miners to Marathon Patent Group

LAS VEGAS, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today announced that 4,000 Antminer S-19 Pro ASIC miners have been shipped from Bitmain to Marathon’s mini…

Marathon Patent Group Provides One-Year Grant to World-Renowned Bitcoin Core Developer Jonas Schnelli

LAS VEGAS, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today announced that it has provided a one-year grant to world-renowned bitcoin core developer Jonas Schne…

Marathon Patent Group Appoints Kevin A. DeNuccio to Board of Directors

Brings 25 Plus Years of Executive and Board Experience Building, Managing and Growing Leading Technology Businesses

Marathon Patent Group Announces Closing of $250.0 Million Registered Direct Offering of Common Stock

LAS VEGAS, Jan. 15, 2021 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (Nasdaq:MARA) (“Marathon” or “Company”) today announced the closing of its previously announced registered direct offering of 12,500,000 shares of its common stock at a price of $20.0 per share in the offering. The gross proc…

Marathon Patent Group and DMG Blockchain Solutions to Form the Digital Currency Miners of North America (DCMNA) and Launch North America’s First Cooperative Mining Pool

VANCOUVER, British Columbia, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Marathon Patent Group Inc. (NASDAQ: MARA), (“Marathon”) and DMG Blockchain Solutions Inc. (TSX-V: DMGI) (DMGGF: OTC US) (FRANKFURT: 6AX) (“DMG”) have entered into a non-binding memorandum of understanding to form Digital Currency Miner…

Thinking about buying stock in AzurRx BioPharma, AstraZeneca, Marathon Patent Group, Mogo Inc, or Phunware?

NEW YORK, Jan. 4, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for AZRX, AZN, MARA, MOGO, and PHUN. To see how InvestorsObserver's proprietary scoring system rates these stocks, view the InvestorsObserver's PriceWatch Alert by selecting the corresponding link....
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Marathon Patent Group Frequently Asked Questions

  • When was Marathon Patent Group founded?

    Marathon Patent Group was founded in 2013.

  • Who are Marathon Patent Group key executives?

    Marathon Patent Group's key executives are Merrick Okamoto, Jim Crawford and Fred Thiel.

  • How many employees does Marathon Patent Group have?

    Marathon Patent Group has 3 employees.

  • What is Marathon Patent Group revenue?

    Latest Marathon Patent Group annual revenue is $4.4 m.

  • What is Marathon Patent Group revenue per employee?

    Latest Marathon Patent Group revenue per employee is $1.5 m.

  • Who are Marathon Patent Group competitors?

    Competitors of Marathon Patent Group include Charles Russell Speechlys, Clayton Utz and Fish & Richardson.

  • Where is Marathon Patent Group headquarters?

    Marathon Patent Group headquarters is located at 1180 N Town Center Dr #100, Las Vegas.

  • Where are Marathon Patent Group offices?

    Marathon Patent Group has offices in Las Vegas and Alexandria.

  • How many offices does Marathon Patent Group have?

    Marathon Patent Group has 2 offices.