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Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for April 2024
Newsfilter· 2024-05-03 12:30
- 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 ...
Marathon Digital Holdings Increases 2024 Hash Rate Target to 50 Exahash
Newsfilter· 2024-04-25 20:32
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) Stock Sinks As Market Gains: Here's Why
Zacks Investment Research· 2024-04-24 22:56
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, ...
Marathon Digital Holdings Schedules Conference Call for First Quarter 2024 Financial Results
Globenewswire· 2024-04-24 20:54
Earnings Webcast and Conference Call Set for Thursday, May 9, 2024 at 5:00 p.m. ET Fort Lauderdale, FL, April 24, 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, will hold a webcast and conference call on Thursday, May 9, 2024 at 5:00 p.m. Eastern time to discuss its financial results for the first quarter ended March 31, 2024. Financial r ...
Why Marathon Digital Stock Is Worth Buying Ahead of the Bitcoin Halving
InvestorPlace· 2024-04-18 10:05
Investors seeking amplified exposure to Bitcoin (BTC-USD) often consider holding Marathon Digital Holdings (NASDAQ:MARA) stock alongside direct Bitcoin ownership or spot Bitcoin ETFs. MARA stock, priced under $25 per share, offers high-beta exposure to Bitcoin. Bitcoin may be a better choice for those with lower risk tolerance. That said, for Bitcoin bulls seeking amplified exposure to ride this bull market rally higher, one can argue that MARA stock appears attractive at the moment. Let’s dive into why thi ...
Why the Market Dipped But Marathon Digital Holdings, Inc. (MARA) Gained Today
Zacks Investment Research· 2024-04-17 22:56
In the latest market close, Marathon Digital Holdings, Inc. (MARA) reached $14.63, with a +0.21% movement compared to the previous day. This move outpaced the S&P 500's daily loss of 0.58%. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, lost 1.15%.Heading into today, shares of the company had lost 24.43% over the past month, lagging the Business Services sector's loss of 4.36% and the S&P 500's loss of 1.09% in that time.Investors will be eagerly watching for the performance of Marathon ...
Options Alert: 3 Stocks Primed for a Major Move in April
InvestorPlace· 2024-04-17 17:44
Traders attempt to benefit from volatility through options plays to maximize returns, as the ups and downs of an underlying asset’s price represent potential. While higher volatility commonly correlates with higher risk, the two concepts are distinct. Volatility defines the scope and pace of price movement, enlarging the chance of loss. Yet, for traders seeking options plays to profit from volatility, adequate risk management can capitalize on the opportunity.Options traders, in particular, utilize volatil ...
Marathon Digital Holdings Appoints Manoj Narender Madnani as Managing Director for EMEA Expansion
Newsfilter· 2024-04-15 12:30
Fort Lauderdale, FL, April 15, 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 the appointment of Manoj Narender Madnani as Managing Director for the EMEA Region, where he will oversee Marathon's strategic expansion opportunities in Europe, the Middle East, Africa, India, and Asia. Manoj Narender Madnani brings to Marathon ...
Quick! Buy Marathon Digital Stock as the Bitcoin Halving Nears.
InvestorPlace· 2024-04-12 12:37
After a huge run in 2023, the stock of cryptocurrency miner Marathon Digital stock (NASDAQ:MARA) has declined 24% so far this year. Rather then be intimidated by the decline, investors should buy-the-dip in MARA stock. Marathon Digital’s share price rose sharply higher last year as the price of Bitcoin (BTC-USD) steadily increased. In recent months, MARA stock has been thrown into turmoil as Bitcoin’s price peaked at just under $74,000 on March 14 and then sold off. There are also concerns about how the upc ...
Is It Too Late to Buy Marathon Digital Holdings Stock?
The Motley Fool· 2024-04-12 11:25
Bitcoin bulls should consider buying a small number of Marathon Digital shares.Besides owning Bitcoin (BTC 1.29%) outright or one of the various spot Bitcoin ETFs, investors can get often magnified exposure to the cryptocurrency's price moves by holding Marathon Digital Holdings (MARA 1.27%) stock. It's less than $25 per share and can fit into many investment accounts, though it's volatile and is typically not appropriate for oversize positions.Marathon Digital isn't the only publicly listed Bitcoin miner. ...