Form 8-K
8-K — MARA Holdings, Inc.
Accession: 0001493152-26-035933
Filed: 2026-08-04
Period: 2026-07-29
CIK: 0001507605
SIC: 6199 (FINANCE SERVICES)
Item: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
Item: Regulation FD Disclosure
Item: Financial Statements and Exhibits
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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d)
of
the Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): July 29, 2026
MARA
HOLDINGS, INC.
(Exact
name of Registrant as Specified in Its Charter)
Nevada
001-36555
01-0949984
(State
or Other Jurisdiction
of
Incorporation)
(Commission
File
Number)
(IRS
Employer
Identification
No.)
1010
South Federal Highway, Suite 2700
Hallandale
Beach, FL 33009
(Address
of principal executive offices and zip code)
(800)
804-1690
(Registrant’s
telephone number, including area code)
Not
Applicable
(Former
Name or Former Address, if Changed Since Last Report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class
Trading
Symbol(s)
Name
of each exchange on which registered
Common
Stock
MARA
NASDAQ
Capital Market
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405
of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging
growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers.
Departure
of Directors
On
July 29, 2026 and July 30, 2026, Barbara Humpton and Georges Antoun, respectively, notified the board of directors (the “Board”)
of MARA Holdings, Inc. (the “Company”) of their decision to resign from the Board, effective as of July 31, 2026, which the
Board accepted. Each of Ms. Humpton and Mr. Antoun informed the Board that their resignation was for personal reasons and was not due
to any disagreements with the Company relating to the Company’s operations, policies or practices. The Company thanks Ms. Humpton
and Mr. Antoun for their Board service and wishes them well.
Appointment
of Directors
On
August 1, 2026, the Board appointed each of Nancy Novak and Craig Hart to serve as a director on the Board, filling the vacancies created
by the aforementioned resignations, effective immediately. Mr. Hart has also been appointed to serve as a member of the Risk and Audit
Committee of the Board, succeeding Mr. Antoun. Ms. Novak will serve as a Class I director, with a term expiring at the Company’s
2027 annual meeting of stockholders or until her successor is duly elected and qualified, or until her earlier death, resignation or
removal. Mr. Hart will serve as a Class II director, with a term expiring at the Company’s 2028 annual meeting of stockholders
or until his successor is duly elected and qualified, or until his earlier death, resignation or removal.
Mr.
Hart currently serves as Senior Portfolio Manager and Global Co-Head of Energy and Power at Avenue Capital Group, where he leads the
firm’s private power strategy. Over more than 25 years in the energy sector, he has held senior leadership roles spanning power
generation, energy infrastructure, corporate strategy, finance and private investing. Prior to joining Avenue Capital, Mr. Hart served
as Executive Vice President and Chief Financial Officer of US Power Generating Company, where he helped build the company into a leading
independent power producer before its sale to Tenaska Capital Management. He has also overseen significant investments in power generation
and energy infrastructure platforms, including the formation and growth of Middle River Power. Mr. Hart has a B.A. from the Colorado
College, an M.B.A. from Yale School of Management and a Master of Environmental Science from Yale School of Forestry & Environmental
Studies.
Ms.
Novak is a recognized leader in hyperscale data center development and digital infrastructure innovation. She previously served as Chief
Innovation Officer of Compass Datacenters, where she helped lead large-scale data center development for hyperscale and cloud customers
while advancing construction innovation, industrialized building methods and sustainable infrastructure initiatives. Her career spans
more than four decades across mission-critical infrastructure development, construction and operations, and she currently serves on the
boards of Sims Limited and Weston Solutions. Ms. Novak holds a B.S. in Construction Management from San Diego State University.
There
are no arrangements or understandings between Mr. Hart or Ms. Novak and any other person pursuant to which Mr. Hart or Ms. Novak was
selected and appointed as a director of the Company. There are no transactions in which Mr. Hart or Ms. Novak has a direct or indirect
material interest required to be disclosed pursuant to Item 404(a) of Regulation S-K promulgated by the U.S. Securities and Exchange
Commission (the “Commission”).
In
connection with their service on the Board, each of Mr. Hart and Ms. Novak will be eligible to receive compensation under the Company’s
non-employee director compensation program, as disclosed in the Company’s Definitive Proxy Statement filed with the Commission
on April 30, 2026, as may be adjusted by the Board from time to time. Mr. Hart and Ms. Novak will each enter into an indemnification
agreement with the Company providing for indemnification and advancement of expenses to the fullest extent permitted by the Nevada Revised
Statutes.
Item
7.01. Regulation FD Disclosure.
A
copy of the press release announcing the appointment of Mr. Hart and Ms. Novak to the Board is furnished as Exhibit 99.1 to this Current
Report on Form 8-K and is incorporated into this Item 7.01 by reference.
The
information contained in Exhibit 99.1 hereto shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”), nor shall it be deemed incorporated by reference in any filing under the Securities
Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
Item 9.01.
Financial Statements and Exhibits.
(d)
Exhibits.
Exhibit No.
Description
99.1
Press release dated August 4, 2026
104
Cover
Page Interactive Data File (embedded within the Inline XBRL document)
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
MARA
HOLDINGS, INC.
Date:
August 4, 2026
By:
/s/
Zabi Nowaid
Name:
Zabi
Nowaid
Title:
General
Counsel and Corporate Secretary
EX-99.1
EX-99.1
Filename: ex99-1.htm · Sequence: 2
Exhibit 99.1
MARA
Appoints Two New Independent Directors to Board
Craig
Hart and Nancy Novak Bring Deep Expertise in Power Infrastructure, Energy Investing and Hyperscale Data Center Development to Support
MARA’s Next Phase of Growth
MIAMI,
FL, August 4, 2026 – MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a leading energy
and digital infrastructure company, today announced the appointment of Craig Hart and Nancy Novak as independent directors to its board
of directors (the “Board”), effective August 1, 2026. In connection with these appointments, Barbara Humpton and Georges
Antoun have stepped down from the Board, effective July 31, 2026, as part of a planned transition. Following these changes, MARA’s
Board will continue to comprise seven directors, six of whom are independent.
“MARA
is executing a strategy that brings together energy, digital infrastructure and compute,” said Fred Thiel, MARA’s chairman
and CEO. “As our significant energy footprint continues to expand, we are actively working with our partners to advance our digital
infrastructure strategy. Craig’s extensive experience across power markets, energy investment and infrastructure development, together
with Nancy’s deep expertise in hyperscale data centers, will provide valuable perspectives as we pursue these opportunities, maximize
the long-term value of every megawatt we control and build on the strong foundation of our Bitcoin mining business.”
“Our
Board regularly evaluates its composition and the mix of skills, experience and perspectives needed to support MARA’s strategy
and long-term growth,” said Doug Mellinger, MARA’s lead independent director. “Craig and Nancy bring highly relevant,
complementary capabilities to an already strong Board. We look forward to their contributions as we continue overseeing the Company’s
execution and working on behalf of all MARA shareholders.”
Mr.
Hart currently serves as Senior Portfolio Manager and Global Co-Head of Energy and Power at Avenue Capital Group, where he leads the
firm’s private power strategy. Over more than 25 years in the energy sector, he has held senior leadership roles spanning power
generation, energy infrastructure, corporate strategy, finance and private investing. Prior to joining Avenue Capital, Mr. Hart served
as Executive Vice President and Chief Financial Officer of US Power Generating Company, where he helped build the company into a leading
independent power producer before its sale to Tenaska Capital Management. He has also overseen significant investments in power generation
and energy infrastructure platforms, including the formation and growth of Middle River Power.
“Power
is becoming one of the most strategic assets in the digital economy, and MARA has assembled a differentiated platform to capitalize on
that opportunity,” said Mr. Hart. “I look forward to working with my fellow directors and the management team as the Company
continues expanding its energy portfolio, executing its digital infrastructure strategy and creating long-term value for shareholders.”
Ms.
Novak is a recognized leader in hyperscale data center development and digital infrastructure innovation. She previously served as Chief
Innovation Officer of Compass Datacenters, where she helped lead large-scale data center development for hyperscale and cloud customers
while advancing construction innovation, industrialized building methods and sustainable infrastructure initiatives. Her career spans
more than four decades across mission-critical infrastructure development, construction and operations, and she currently serves on the
boards of Sims Limited and Weston Solutions.
“The
next generation of digital infrastructure will require disciplined execution, speed to market and a deep understanding of hyperscale
and enterprise customers,” said Ms. Novak. “MARA combines a compelling strategy with unique infrastructure assets, and I’m
excited to contribute my experience in data center development and innovation as the Company continues executing that vision.”
“On
behalf of the Board and the entire Company, I would like to thank Barbara and Georges for their leadership and significant contributions
to MARA,” Mr. Thiel added. “We are grateful for their service during an important period in the Company’s evolution
and wish them both continued success.”
About
MARA
MARA
(NASDAQ: MARA) deploys digital energy technologies to advance the world’s energy systems. Harnessing the power of compute, MARA
transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure. Building
on its expertise to redefine the future of energy, MARA develops technologies that reduce the energy demands of high-performance computing
applications, from AI to the edge.
MARA
Company Contact:
Telephone:
800-804-1690
Email: ir@mara.com
MARA
Media Contact:
Email:
mara-jf@joelefrank.com
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