The company looks like a decent buy on weakness just now. In his analysis, Dede waxed bullish about the recent recovery of a Marathon mining site, which experienced a shutdown but is now back in operation. Given this, he's expecting solid growth in the company's May performance when the company reports its monthly figures for that period. Where Bitcoin goes... Dede's price target reduction was due to the fading of this year's great crypto market catalyst, the launch of spot Bitcoin exchange-traded funds (ET ...

Marathon Digital Holdings, Inc. (NASDAQ:MARA) Q1 2024 Earnings Conference Call May 9, 2024 5:00 PM ET Company Participants Robert Samuels - VP, IR Fred Thiel - Chairman and CEO Salman Khan - CFO Conference Call Participants Lucas Pipes - B. Riley Securities Joe Flynn - Compass Point Research Kevin Dede - H.C. Wainwright John Todaro - Needham & Company Operator Good day, ladies and gentlemen. Welcome to Marathon Digital Holdings' First Quarter 2024 Earnings Webcast and Conference Call. I would now like to tu ...

Marathon Digital Holdings, Inc. (MARA) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of $0.02. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -400%. A quarter ago, it was expected that this company would post earnings of $0.05 per share when it actually produced a loss of $0.02, delivering a surprise of -140%.Over the last four quarters, the company has no ...

Exhibit 99.1 Marathon Digital Holdings Reports First Quarter 2024 Results – Revenues Increase 223% to a Record $165.2 Million – Net Income Increases 184% to a Record $337.2 Million, or $1.26 per Diluted Share – Adjusted EBITDA Increases 266% to a Record $528.8 Million Fort Lauderdale, FL – May 9, 2024 – Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), global leader in leveraging digital asset compute to support the energy transformation, reported its financial and operational results ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND EXCHANGE ACT OF 1934 For the transition period from _______to______ Commission File Number: 001-36555 MARATHON DIGITAL HOLDINGS, INC. (Exact name of registrant as specified in charter) | Nevada | 01-0949984 | | -- ...

Marathon Digital Holdings, Inc. (MARA) is slated to report its first-quarter 2024 results on May 9, after the bell.The company’s earnings surprise history has not been impressive. It delivered a trailing four-quarter negative earnings surprise of 107.1% on average.Q1 ExpectationsThe Zacks Consensus Estimate for revenues in the to-be-reported quarter is pegged at $193.9 million, indicating a more than 100% increase from the year-ago quarter’s actual figure. The consensus mark for the bottom line is pegged at ...

Bitcoin (BTC-USD) miner Marathon Digital Holdings (NASDAQ:MARA) stock rose 5% over the weekend on optimism over cryptocurrencies.The stock was due to open at $18.46 per share this morning, its market capitalization over $4.9 billion.Bitcoin prices surged over the weekend. Early today, each coin was worth $63,500. The total value of Bitcoin is now about $1.26 trillion.Crypto Heating UpNot everyone is high on Marathon or crypto. Fintel reports almost 20% of its stock is now being held short. This includes ove ...

- Average Operational Hash Rate Increases 15% M/M to 21.1 EH/s - Increased BTC Holdings to 17,631 BTC; Total Cash and BTC of $1.6 B as of April 30, 2024 - Increased End of Year 2024 Total Installed Hash Rate Guidance to 50 EH/s, Confirmed and Fully Funded Fort Lauderdale, FL, May 03, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("Marathon" or the "Company"), one of the world's largest publicly traded Bitcoin miners and a leader in supporting and securing the Bitcoin ecosystem, to ...

New 50 EH/s Target Represents Approximately 100% Growth in Hash Rate during Fiscal Year 2024 Fort Lauderdale, FL, April 25, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the world's largest publicly traded Bitcoin miners and a leader in supporting and securing the Bitcoin ecosystem, today announced that the Company is increasing its hash rate target for fiscal year 2024 from 35-37 EH/s to 50 EH/s. Marathon began 2024 with approximately 24.7 EH/s ene ...

Marathon Digital Holdings, Inc. (MARA) closed the latest trading day at $19.09, indicating a -1.8% change from the previous session's end. This change lagged the S&P 500's 0.02% gain on the day. At the same time, the Dow lost 0.11%, and the tech-heavy Nasdaq gained 0.1%.Shares of the company have depreciated by 4.61% over the course of the past month, outperforming the Business Services sector's loss of 5.08% and lagging the S&P 500's loss of 3.01%.The upcoming earnings release of Marathon Digital Holdings, ...