Marathon Digital nasdaq Mara Appoints Manoj Narender Madnani to Lead Emea Expansion Stock Falls

Marathon Digital (NASDAQ: MARA) Appoints Manoj Narender Madnani to Lead EMEA Expansion, Stock Falls

Marathon Digital Holdings (NASDAQ: MARA) stock is in the news as the company appointed Manoj Narender Madnani as Managing Director for EMEA expansion.

Marathon Digital (MARA) recently announced the appointment of Manoj Narender Madnani as Managing Director for the EMEA Region. In this role, he will oversee the company’s strategic expansion ventures in Europe, the Middle East, Africa, India, and Asia.

Manoj Narender Madnani brings a wealth of experience in international business development and global joint ventures to Marathon. He boasts a successful track record in corporate finance, international transactions, and strategic initiatives across diverse sectors including energy, AI technology, media, hospitality, and retail. His prior roles include serving as the Managing Director of Kulczyk Investments SA, where he spearheaded the global energy and infrastructure portfolio, and as CEO and Co-Founder of Beacon Media, an innovative media and entertainment firm. Manoj is an alumnus and Trustee of Babson College, an active member of the Young Presidents Organization since 2003, and a renowned speaker on topics including AI, energy, infrastructure, media, Web3, and global investments.

Marathon CEO on New MD Appointment

Fred Thiel, Chairman and CEO of Marathon, expressed confidence in Madnani’s ability to lead the company’s international expansion efforts, citing his extensive experience and relationships across the region.

He said, 

“This region presents a strategic opportunity for Marathon, with its blooming energy sector, expansive capital markets, and technology-friendly regulatory policies.”

Manoj Narender Madnani commented,

“Marathon is leading the charge in this region by providing energy solutions that leverage Bitcoin mining. No other technology helps countries address intermittent renewable penetration at scale. Energy demand is growing, and Marathon looks forward to enabling more countries to meet that demand while also achieving their energy transition objectives. The opportunities in the region are immense, and I look forward to helping Marathon leverage its industry-leading position and resources to help drive the Company’s success.”

Marathon Digital (NASDAQ: MARA) Stock Price Action

MARA stock plunged 5.96% to $15.15 on Monday. The traders had exchanged hands with 33,790,128 (33.79 million) shares compared to the average daily trading volume of 69.56 million.