Form: 10-K

Annual report [Section 13 and 15(d), not S-K Item 405]

March 3, 2025


Exhibit 21.1 
SUBSIDIARIES OF MARA HOLDINGS, INC.

The registrant’s subsidiaries and affiliates as of December 31, 2024 are included in the list below.

Legal Entity Name Percentage of Voting Securities Owned Directly or Indirectly by Registrant Jurisdiction of Organization
MARA Tech, Inc. 100% Delaware
Marathon Digital International, Inc. 100% Delaware
Marathon Digital Leasing, LLC 100% Nevada
Crypto Currency Patent Holding Company, LLC 100% Delaware
MARA Pool LLC 100% Nevada
Marathon Crypto Mining, Inc 100% Nevada
Soems Acquisition Corp. 100% Delaware
MARA Ventures Corporation 100% Delaware
MARA Energy Harvesting Corporation 100% Delaware
MARA-NGON Joint Venture LLC 87% Delaware
MARA USA Corporation 100% Delaware
GC Data Center Holdings LLC 100% Delaware
GC Data Center Granbury, LLC 100% Delaware
GC Data Center Kearney LLC 100% Delaware
GC Data Center Equity Holdings, LLC 100% Delaware
MARA Garden City LLC 100% Delaware
Hancock Leasing Company LLC 100% Delaware
Marathon Compute North 1 LLC 100% Delaware
Hash2 Labs LLC 100% Delaware
Arkon Energy Hannibal LLC 100% Ohio
Sullivan Company Leasing LLC 100% Delaware
Crown56 LLC 100% Wyoming
Marathon Digital Holdings, Ltd. 100% United Arab Emirates
FSI Marathon Project 1 Holding Ltd. 20% United Arab Emirates
ZTM Limited (FZE) 20% United Arab Emirates
ZTM Technology (SP) LLC 20% United Arab Emirates
Swift Business S.A. 100% Paraguay