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Marathon Digital Holdings, Inc. (MARA) Laps the Stock Market: Here's Why
Zacks Investment Research· 2024-04-11 22:51
The latest trading session saw Marathon Digital Holdings, Inc. (MARA) ending at $17.60, denoting a +1.27% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.74%. Elsewhere, the Dow saw a downswing of 0.01%, while the tech-heavy Nasdaq appreciated by 1.68%.Coming into today, shares of the company had lost 11.78% in the past month. In that same time, the Business Services sector lost 1.98%, while the S&P 500 gained 0.8%.The upcoming earnings release of Maratho ...
How much will RIOT stock be worth if Bitcoin hits $100,000?
Finbold· 2024-04-09 10:48
The ongoing crypto market rally has – despite stagnating as Bitcoin (BTC) struggles to reclaim the critical all-time high (ATH) level of $73,000 – lifted multiple cryptocurrency stocks into the stratosphere.Few are as notable as Coinbase (COIN) – the world’s largest publicly-traded crypto exchange – which is up 63.81% year-to-date (YTD), and Michael Saylor’s MicroStrategy (NASDAQ: MSTR) – long held as the price way for investors to gain exposure to Bitcoin without holding BTC – which surged 120.83% since Ja ...
Marathon Digital Holdings Appoints Vicki Mealer-Burke to Its Board of Directors
Newsfilter· 2024-04-05 15:51
Fort Lauderdale, FL, April 05, 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 Vicki Mealer-Burke to its board of directors, effective April 1, 2024. With this addition, Marathon's board is now comprised of eight directors, including seven independent directors and one inside director. Vicki Mealer-Burke ...
Marathon Digital Holdings, Inc. (MARA) Is a Trending Stock: Facts to Know Before Betting on It
Zacks Investment Research· 2024-04-05 14:01
Marathon Digital Holdings, Inc. (MARA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this company have returned -15.3% over the past month versus the Zacks S&P 500 composite's +0.5% change. The Zacks Technology Services industry, to which Marathon Digital belongs, has lost 2.3% over this period. Now the key question is: Where could the stock be headed in the near ter ...
Why is MARA stock in news among crypto enthusiasts ahead of Bitcoin halving?
Invezz· 2024-04-05 08:56
Follow Invezz on Telegram , Twitter , and Google News for instant updates >Marathon Digital (NASDAQ: MARA) has been gaining attention among crypto enthusiasts and investors alike, especially with the anticipation surrounding the upcoming Bitcoin halving event.As Bitcoin (BTC-USD) continues its upward trajectory, investors are exploring various avenues to capitalize on the rally, and MARA stock has emerged as a prominent contender in this regard. Why is MARA stock in the news? Copy link to section Marathon D ...
Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for March 2024
Newsfilter· 2024-04-04 12:30
- Increased BTC Holdings to 17,381 BTC; Total Cash and BTC of $1.6B as of March 31, 2024 - Average Operational Hash Rate Increases 4% M/M to 18.3 EH/s Fort Lauderdale, FL, April 04, 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 published unaudited bitcoin ("BTC") production and miner installation updates for March 2024. Management ...
Why Marathon Digital Stock Could Be the Best Way to Profit from the Bitcoin Hype
InvestorPlace· 2024-04-04 10:25
This past year was certainly an excellent one for Marathon Digital (NASDAQ:MARA) stock, which surged more than 300% as Bitcoin (BTC-USD) went on an absolute tear. The move was expected because of bearish sentiment and the upcoming Bitcoin halving.This halving was clearly overly-priced into this stock. However, investors are once again considering the effects on its balance sheet. MARA stock is now down on a year-to-date basis, as uncertainty looms around the company’s future profitability and cash flow prof ...
Marathon Digital Holdings, Inc. (MARA) Stock Dips While Market Gains: Key Facts
Zacks Investment Research· 2024-04-03 22:55
Marathon Digital Holdings, Inc. (MARA) closed the most recent trading day at $19.43, moving -1.55% from the previous trading session. The stock's performance was behind the S&P 500's daily gain of 0.11%. On the other hand, the Dow registered a loss of 0.11%, and the technology-centric Nasdaq increased by 0.23%.Shares of the company witnessed a loss of 11.35% over the previous month, trailing the performance of the Business Services sector with its loss of 1.33% and the S&P 500's gain of 1.5%.The upcoming ea ...
Marathon Digital Holdings Announces the Closing of its Acquisition of a 200-Megawatt Bitcoin Mining Data Center Adjacent to a Wind Farm
Newsfilter· 2024-04-02 20:05
Fort Lauderdale, FL, April 02, 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, has closed its previously announced acquisition of a Bitcoin mining data center in Garden City, Texas, with a name plate capacity of 200 megawatts, from Applied Digital Corporation ("Applied Digital"). "With the closing of this acquisition, we have gained more i ...
Why MARA Is the Top Crypto Stock to Buy to Play Bitcoin's Unstoppable Rise
InvestorPlace· 2024-03-31 15:40
Marathon Digital (NASDAQ:MARA) stock has a bearish outlook, with the stock actually down on the year. This comes as Bitcoin (BTC-USD) hovers near an all-time high. One might wonder why this is. After all, the MARA stock price is directly tied to the value of Bitcoin.Investors are factoring in the upcoming Bitcoin halving and its impact on prices. A 50% decrease in revenue is significant for a company like Marathon Digital unless Bitcoin keeps rising. For Bitcoin believers, MARA stock may be a buy.Strong Fin ...