Back in 2021, growth stocks had skyrocketed. One reason for the rally was easy money policies and as interest rates increased, growth readjustments translated into correction for some of the best growth stocks. However, with the likelihood of multiple interest rate cuts in the next 12 to 24 months, I am bullish on another big rally for growth stocks. The focus of this column is on under-$30 growth stocks to buy that can deliver 3-bagger returns in 24 months. The first two stocks discussed in the column repr ...

Fort Lauderdale, FL, June 26, 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, today announced that the Company is mining Kaspa (KAS), a proof-of-work (PoW) digital asset, to further diversify its portfolio of digital asset compute. Similar to Bitcoin, Kaspa is an open-source, decentralized, and fully scalable Layer-1 protocol that uses proofof-work as its consensus mech ...

Bitcoin has formed a risky pattern Sadly, there are signs that Bitcoin will continue falling in the coming weeks. As shown above, the coin has crashed below the 50-day and 100-day Exponential Moving Averages (EMA), meaning that bears are gaining control. At the same time, Bitcoin has formed a triple-top pattern at $72,000 and whose neckline is at $56,463. In most periods, this is one of the most bearish signs in the market. Its bearish outlook will be confirmed if the price moves below the neckline at $56,4 ...

The investment community will be closely monitoring the performance of Marathon Digital Holdings, Inc. in its forthcoming earnings report. The company is forecasted to report an EPS of -$0.18, showcasing a 38.46% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $168.47 million, reflecting a 106.06% rise from the equivalent quarter last year. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell) ...

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. ...

Core Insights - Marathon Digital Holdings reported a 32% increase in the number of blocks won in May 2024, rising from 129 to 170 blocks compared to April 2024 [2] - The company produced 616 bitcoin in May, reflecting a 27% decline from April, which was mitigated by the increase in blocks won [2][5] - Marathon aims to achieve a hash rate of 50 EH/s by the end of 2024, with an average operational hash rate of 25.7 EH/s in May, a 22% improvement from April [3][5] Operational Highlights - Bitcoin production in May 2024 was 616 BTC, down 51% year-over-year from 1,245 BTC in May 2023 [5] - The average bitcoin produced per day was 19.9 BTC, a 51% decrease from 40.2 BTC year-over-year [5] - The share of available miner rewards increased from 3.2% in April to 4.2% in May [5] - The energized hash rate was 29.3 EH/s, a 93% increase year-over-year, while the average operational hash rate improved by 106% from 12.5 EH/s [5][8] Financial Highlights - As of May 31, 2024, the company held $290.4 million in cash and cash equivalents, a 198% increase from $97.3 million year-over-year [11] - Total bitcoin holdings reached 17,857 BTC, a 46% increase from 12,259 BTC in May 2023 [11] - The combined balance of unrestricted cash and bitcoin increased from $1,214.1 million to $1,495.2 million in May 2024 [13] Strategic Developments - Marathon has entered an agreement with the Kenyan government to optimize renewable energy projects, marking its first direct collaboration with a government [4] - The company aims for 50% of its revenues to come from international operations by 2028 [4]

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 ...