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MARA Announces Bitcoin Production and Mining Operation Updates for December 2024
Newsfilter· 2025-01-03 13:05
Energized Hash Rate Increased 15% to 53.2 EH/sIncreased BTC Holdings to 44,893 BTC2024 BTC Yield Per Share of 62.7% Fort Lauderdale, FL, Jan. 03, 2025 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today published unaudited BTC production and miner installation updates for December 2024. Management Commentary"In December, we surpassed our year-end hash rate target of 50 EH/s while imp ...
What Makes Marathon Digital (MARA) a New Buy Stock
ZACKS· 2024-12-13 18:00
Marathon Digital Holdings, Inc. (MARA) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the ...
Kuehn Law Encourages Investors of MARA Holdings, Inc. to Contact Law Firm
Prnewswire· 2024-12-12 21:28
Legal Investigation - Kuehn Law, PLLC is investigating potential breaches of fiduciary duties by certain officers and directors of MARA Holdings, Inc (NASDAQ: MARA) [1] - The investigation focuses on potential self-dealing, which may entitle shareholders to damages and corporate governance reforms [1] Shareholder Participation - Long-term MARA stockholders are encouraged to contact Justin Kuehn, Esq for a free consultation and case evaluation [2] - Shareholder participation is crucial for maintaining the integrity and fairness of financial markets [3] Contact Information - Kuehn Law, PLLC is located at 53 Hill Street, Suite 605, Southampton, NY 11968 [4] - Contact details include email at [email protected] and phone number (833) 672-0814 [4]
What's Happening With MARA Stock?
Forbes· 2024-12-03 11:00
Core Insights - MARA Holdings, a Bitcoin mining company, has seen its stock price increase nearly 40% in a month, driven by improved mining capacity and rising Bitcoin prices [1] - The stock has surged 700% from $3 in early 2023 to $27, attributed to a significant rise in revenue and P/S ratio [1] - The company's hash rate capacity has increased from 7.0 exahashes per second to 36.9, contributing to revenue growth [2] - Bitcoin's price recovery from below $17,000 at the end of 2022 to over $96,000 now has been fueled by regulatory approvals and investor optimism following Donald Trump's election victory [3] Financial Performance - MARA's revenue has grown 380% from $118 million in 2021 to $565 million currently [1] - The company's P/S ratio has increased by 266% from 3.6x in 2022 to 13.3x now [1] - Total shares have risen by 122% to 279 million due to additional share issuance [1] Market Volatility - MARA's stock returns have been highly volatile, with annual returns of 215% in 2021, -90% in 2022, and 587% in 2023, contrasting with the more stable performance of the Trefis High Quality Portfolio [4] - The current macroeconomic environment raises questions about potential future performance, but there is optimism for further growth due to improved mining capacity and Bitcoin prices [5] Valuation Metrics - MARA stock is currently trading at a lower valuation multiple of 8x trailing revenues compared to its average P/S ratio of 13x over the last three years, indicating potential for growth [5]
MARA Holdings, Inc. Announces Pricing of Oversubscribed and Upsized Offering of Zero-Coupon Convertible Senior Notes due 2031
GlobeNewswire News Room· 2024-12-03 01:45
Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 Fort Lauderdale, FL, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today announced the pricing of its offering of $850 million aggregate principal amount of 0.00% convertible senior notes due 2031 (the “notes”). The notes will be sold in a private offering to persons reas ...
Why Mara Holdings Stock Dived by Nearly 7% Today
The Motley Fool· 2024-12-02 23:23
Mara Holdings (MARA -6.53%) is going all-in on the world's top cryptocurrency, and many investors aren't happy about it. The company's stock closed Monday almost 7% lower following news that it would aggressively pursue more Bitcoin (BTC -1.65%) mining and purchasing, fueled partially by a new round of capital raising. This contrasted notably with the rise of the S&P 500 index, which ended the day more than 0.2% higher.Busy Bitcoin bullsIt was a busy news days for Mara with the release of its monthly produc ...
MARA Holdings, Inc. Announces Proposed Private Offering of $700 Million of Zero-Coupon Convertible Senior Notes
GlobeNewswire News Room· 2024-12-02 11:45
Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 Fort Lauderdale, FL, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today announced that it intends to offer, subject to market conditions and other factors, $700 million aggregate principal amount of 0.00% convertible senior notes due 2031 (the “notes”) in a private offer ...
MARA Holdings, Inc. Completes $1 Billion Offering of 0% Convertible Senior Notes due 2030
GlobeNewswire News Room· 2024-11-21 13:05
Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 Fort Lauderdale, FL, Nov. 21, 2024 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today announced the closing on November 20, 2024 of its offering of 0.00% convertible senior notes due 2030 (the “notes”). The aggregate principal amount of the notes sold in the offering was $1 billion, w ...
MARA Holdings: If You Can't Beat Hyperscalers, Partner With Them
Seeking Alpha· 2024-11-20 10:31
Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...
MARA Holdings, Inc. Announces Pricing of Oversubscribed and Upsized Offering of Zero-Coupon Convertible Senior Notes due 2030
GlobeNewswire News Room· 2024-11-19 01:02
Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 Fort Lauderdale, FL, Nov. 18, 2024 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today announced the pricing of its offering of $850 million aggregate principal amount of 0.00% convertible senior notes due 2030 (the “notes”). The notes will be sold in a private offering to persons reas ...