Fidelity Invests $20M to Acquire 7.4% Stake in Marathon Digital
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Fidelity Investments, a multinational financial services company with more than $4.9T in assets under management, has just announced it has acquired a 7.4% stake of US mining company Marathon Digital Holdings.
The mining firm now operates 19,000 miners and expects to power on other 100,000 machines slated during the next 12 months, while Fidelity offers its services to over 35 million clients all over the world.
According to sources, the agreement was reached on July 22, and will involve the spread of shares across four index-based funds:
- Fidelity Extended Market Index Fund (FSMAX).
- Fidelity Nasdaq Composite Index Fund (FNCFX).
- Fidelity Total Market Index Fund (FSKAX).
- Fidelity Series Total Market Index Fund (FCFMX).
Other companies also have a stake in the company: Vanguard Group (7.58), Susquehanna (2.7%) and Blackrock (1.59%).
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