Earnings Estimate Revisions For the next fiscal year, the consensus earnings estimate of $0.45 indicates a change of +65.4% from what Marathon Digital is expected to report a year ago. Over the past month, the estimate has changed -15.1%. For Marathon Digital, the consensus sales estimate for the current quarter of $187.54 million indicates a yearover-year change of +129.4%. For the current and next fiscal years, $735.41 million and $931.67 million estimates indicate +89.8% and +26.7% changes, respectively. ...

Fort Lauderdale, FL, June 05, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("Marathon" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today published unaudited bitcoin ("BTC") production and miner installation updates for May 2024. Management Commentary "The strength of our MARA pool was evident in May as we achieved a noteworthy 32% increase in the number of blocks won compared to April, growing from 129 blocks to 170, ...

Fort Lauderdale, FL, June 05, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("Marathon" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today published unaudited bitcoin ("BTC") production and miner installation updates for May 2024. Management Commentary "The strength of our MARA pool was evident in May as we achieved a noteworthy 32% increase in the number of blocks won compared to April, growing from 129 blocks to 170, ...

Marathon Digital Holdings ((MARA) is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. I recently told my investor group to buy MARA under $20 before the infamous "Bitcoin Halving" on April 20 because I believed that all the pessimism had been discounted since the stock had just fallen nearly 50%. Fast forward six weeks and it seems like the stock is still stuck in the same old place. And their quarterly report in e ...

Meme stocks were big wealth creators for retail investors during the euphoric rally of 2021. Price-action in some stocks in the recent past might indicate that the meme stock season is returning. GameStop (NYSE:GME) stock was trading at $10 in April. By the second week of May, GME stock had touched 52-week highs of $64.8. Similarly, Novavax (NASDAQ:NVAX) stock has skyrocketed by 265% in the last month. Of course, these are selected instances of stock frenzy. I believe it's likely to be more widespread in th ...

Sure, you can buy a spot Bitcoin (BTC-USD) exchange-traded fund, but here's a much more interesting idea: Marathon Digital (NASDAQ:MARA) is a premier crypto miner with impressive financials. As you learn more about the company, you'll see why Marathon Digital stock is a prime pick for Bitcoin aficionados. Besides, Marathon Digital isn't too richly valued, so it's a great time for investors to apply a "buy low, sell high" strategy. But don't just take my word for it, as the data will support my bullish thesi ...

Core Insights - Marathon Digital Holdings has emerged as a leading player in the Bitcoin mining industry, with its stock price previously soaring over 2,400% to $75 during the last crypto bull market [1] - The company faced significant challenges during the crypto winter, with its share price dropping to $3.40 by early 2023, but has since shown signs of recovery and renewed investor confidence [2] - Marathon Digital holds the highest hash rate among Bitcoin mining companies, indicating it possesses the most computing power for mining [3] Industry Challenges - The recent Bitcoin halving event poses challenges for Marathon Digital and its competitors, as it reduces the rewards for miners by 50%, directly impacting their revenue [4] - The company's future performance will depend on its ability to ramp up mining operations and increase Bitcoin production, as well as the price trajectory of Bitcoin, which remains volatile despite its historical resilience [5]

Core Insights - Marathon Digital Holdings has entered into an agreement with the Ministry of Energy and Petroleum of the Republic of Kenya to optimize renewable energy projects and support sustainable energy growth in Kenya [1][2][3] - The partnership aims to establish a Joint Steering Committee to facilitate the exchange of policy, scientific, and technical information, enhancing the understanding of renewable energy optimization [2][3] - Projected foreign investments from this venture are expected to exceed $80 million, which will benefit the Kenyan economy and local energy sector [2] Company Strategy - The agreement represents a strategic move for Marathon to diversify its operations globally and enhance its energy infrastructure capabilities [1][3] - This collaboration marks Marathon's first direct partnership with a government to improve energy infrastructure, showcasing the value of its solutions [3] Economic Impact - The initiative is anticipated to generate significant economic benefits for Kenya, contributing to the local energy sector ecosystem [2] - The partnership aligns with Marathon's commitment to supporting sustainable energy solutions and technological advancements in emerging markets [1][3]

Agreement Establishes a Joint Steering Committee and a Framework To Utilize Green Data Centers To Optimize Renewable Energy Projects, Advance Technological Infrastructure, and Promote Economic Development across the Republic of Kenya Fort Lauderdale, FL, May 24, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), a global leader in leveraging digital asset compute to support the energy transformation, has entered into an agreement with the Ministry of Energy and ...

Marathon Digital Holdings, Inc. (MARA) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Shares of this company have returned +23.8% over the past month versus the Zacks S&P 500 composite's +2.5% change. The Zacks Technology Services industry, to which Marathon Digital belongs, has gained 2.4% over this period. Now the key question is: Where could the stock be heade ...