Financial firm Fidelity Investments, which currently has $10.4T in assets under management, has bought a 7.4% stake in public cryptocurrency mining company Marathon Digital Holdings, Forbes has reported.
The deal was reportedly closed last July 22 and amounts to about $20 million.
Notably, the shares have been distributed among several funds with a total capitalization of $170 billion, including Fidelity Extended Market Index Fund (FSMAX), Fidelity Nasdaq Composite Index Fund (FNCFX), Fidelity Total Market Index Fund (FSKAX) and Fidelity Series Total Market Index Fund (FCFMX).
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As a result of the deal, Fidelity Investments has become one of Marathon Digital Holdings' largest shareholders, along with Vanguard Group (7.58%), Susquehanna (2.7%) and Blackrock (1.59%).
It has recently been reported that Marathon Digital plans to build a data center in Texas with a capacity of 300 MW and expects the new facility to be 70% carbon neutral.