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Marathon Patent Group, Inc. (MARA) stock prices updated...
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Marathon Patent Group, Inc. stock price
Marathon Patent Group, Inc. latest news:
Marathon Patent shares surge 19% premarket on news of blockchain and cryptocurrency patents
Marathon Patent Group Inc. shares surged 19% Thursday, after the company said it has agreed to acquire four patents related to the transmission and exchange of cryptocurrencies between buyers and sellers. The Los Angeles-based intellectual property licensing company said the patents "afford us a unique and leverageable position, in addition to complementing our efforts as we enter into the digital asset and cryptocurrency business." In November, the company said it was acquiring 100% of Global Bit Ventures Inc., a digital asset technology company that mines cryptocurrencies. Marathon shares have fallen 53% in the last 12 months, while the S&P 500 has gained 23%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
BRIEF-Marathon Patent Group Says Appointed Merrick D. Okamoto To Serve As Interim CEO, Effective Jan 1, 2018
Marathon Patent Group Inc(MARA): * Marathon Patent Group Inc(MARA) - APPOINTED MERRICK D. OKAMOTO TO SERVE AS INTERIM CHIEF EXECUTIVE OFFICER, EFFECTIVE JANUARY 1, 2018. * MARATHON PATENT GROUP SAYS OKAMOTO CURRENTLY SERVES AS AN EXECUTIVE DIRECTOR AT EMBARK CORPORATION - SEC FILING Source text : Further company coverage:
BRIEF-Marathon Patent Group Announces $7.450 Mln Registered Direct Offering
* MARATHON PATENT GROUP, INC. ANNOUNCES $7,450,000
Marathon Patent Group stock jumps 31% premarket as bitcoin hits fresh high
Shares of Marathon Patent Group Inc. , an intellectual property licensing and management company, surged more than 30% in premarket trade Monday, as bitcoin surged to a fresh high close to $10,000. Marathon is viewed as a cryptocurrency play, since it acquired mining company Global Bit Ventures Inc. in early November. "We believe the acquisition of Global Bit Ventures will take advantage of an ongoing revolution in digital transactions conducted on blockchains as we see increasing adoption and proliferation of blockchain protocols in our everyday lives," Chief Executive Doug Croxall said when announcing the deal. Last week, the company reported results for its third quarter, that showed a narrowing of its net and operating losses. The stock has fallen 13.5% in 2017, while the S&P 500 has gained 16%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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