MARA

Miss today’s MARA @XSpaces? Catch the replay here:

MFTV #4: The Role of Miners in Bitcoin Political Advocacy | with @JaysonBrowder YouTube: youtu.be/qIknnTf0ys8 @MARA SVP of Government Affairs Jayson Browder shares the unique role Bitcoin miners — especially public mining companies — play in advocating for Bitcoin in American politics. This interview offers a rare look into how public Bitcoin companies coordinate in Washington, prioritize policy initiatives affecting both industry and retail users, and advocate for pro-Bitcoin legislation at every level of government. Jayson sits down with @MARAfoundation_ Head @isabelfoxenduke to discuss: • Advancing positive tax policy for Bitcoin users (e.g. de minimis exemptions) and miners (e.g. removal of double taxation) • The impact Bitcoin public companies are making through the @BitcoinVoter initiative • The two biggest challenges facing pro-Bitcoin lobbyists today • The Bitcoin education gap among American politicians — and how the industry is working to close it A fascinating conversation for anyone who wants to understand what the largest Bitcoin companies are doing behind the scenes to advance pro-Bitcoin policy in America — and ultimately around the world.

Today at 2:00 p.m. ET, MARA is hosting an Executive Fireside on X Spaces. Tune in for a live discussion on digital infrastructure, AI/HPC, energy, and more. Set your reminder and join here: x.com/i/spaces/1qKDz…

Don't forget to set a reminder for Tuesday’s MARA Executive Fireside. The MARA team will be live on @XSpaces at 2:00 p.m. ET for a Q&A moderated by @RobSamuelsIR and @OGAdvisors. Set your reminder: x.com/i/spaces/1qKDz…

MARA is going live on X Spaces this Tuesday. Join Fred Thiel, Salman Khan, and Duncan Dickerson for an Executive Fireside on topics related to the Q1 2026 Shareholder Letter. Tap the reply below to set your reminder.

Set your reminders ⏰ ⚡️Join $MARA CEO @fgthiel, CFO @theRealSalKhan, and CG&SO Duncan Dickerson next Tuesday at 2 PM ET as they unpack key initiatives from the latest shareholder letter, moderated by MARA's @RobSamuelsIR and @Buhlahkay from @OGAdvisors ⚡️Drop your questions for the team below ⚡️Reminder 👇

@RobSamuelsIR @OGAdvisors @fgthiel @theRealSalKhan x.com/i/spaces/1qKDz…

Live Executive Fireside | Tue 5/26, 2 PM ET Join @RobSamuelsIR and @OGAdvisors on X Spaces with MARA CEO @fgthiel, CFO @theRealSalKhan, and CGSO Duncan Dickerson to unpack initiatives from our shareholder letter. Questions? Comment below. Reminder 👇 x.com/i/spaces/1qKDz…

@RobSamuelsIR @OGAdvisors @fgthiel @theRealSalKhan Please review the important disclosures below related to the broadcast.

Seeing some inaccuracies around Morgan Stanley’s recent report on @MARA, so I want to clarify a few points: #1 This analyst has been Underweight since he initiated coverage several months ago. #2 Morgan Stanley is not “selling” any position. This is a sell-side research report. #3 If you actually read the note, the math appears incorrect regarding the Starwood JV, even after we provided an illustrative example of how the economics work. #4 The analyst openly acknowledges that he is waiting for a lease to be signed, which is typical of the sell-side: often late to recognize value until it is already obvious. #5 And if you do not want to take my word for it, here is the analyst’s own language: “We acknowledge the potential of this JV as an avenue for considerable growth, but continue to value pipeline MWs at a 10% chance of electrification until the partnership results in a deal.”

MFTV #2: @MARA CEO Fred Thiel on Global adoption, Quantum preparedness, and the future of Bitcoin’s security budget | @fgthiel YOUTUBE: youtu.be/zmwaggpocFk Following a series of strategic acquisitions in the energy and AI/HPC infrastructure spaces — MARA recently reaffirmed its long-term commitment to Bitcoin with the launch of the Bitcoin-focused @MARAFoundation_ MARA CEO @fgthiel explains why the company — which consistently ranks among the world’s largest Bitcoin miners — believes it has a “unique obligation to protect and nurture the health of the protocol.” In this special episode of MFTV, Head of MARA Foundation @isabelfoxenduke sits down with Fred to discuss the Foundation’s mission, its long-term priorities, and the key issues it's committing to support. The conversation explores Fred’s perspective on some of Bitcoin’s biggest long-term challenges and opportunities, including: - The potential impact of quantum computing — and how Bitcoin is preparing - How institutional adoption could shape Bitcoin governance and culture over time - Mining use cases that can support a sustainable Bitcoin security budget - Global and domestic catalysts for Bitcoin adoption - Bitcoin adoption in the Global South and its role as a freedom-preserving technology Watch the full conversation below.

The key constraint in AI is the availability of power. MARA sits on over 1.1 GW of energized capacity, with the land already in place to host AI workloads. MARA CEO @fgthiel shares more with @mattmiller1973 and @daniburgz on Bloomberg Open Interest. Watch the full interview: bit.ly/4nvd3ZJ

The best companies don't just manage their constraints — they own them. MARA started asset-light. Today, it owns and operates 70% of its infrastructure. @theRealSalKhan, CFO, at NAFES 2026:

To clarify: @MARA has not sold an additional $1.5B of BTC. Some recent commentary has incorrectly characterized BTC sales previously disclosed in connection with our debt reduction efforts as new or incremental sales. Those sales were part of the debt reduction activity announced at the end of March (Q1).