Financial Data and Key Metrics Changes - The energized hash rate increased by 93% to 36.9 exahash per second in Q3 2024 compared to Q3 2023, with over 40 exahash already achieved [56] - Revenues increased by 35% compared to the same quarter last year, despite challenges from Bitcoin price fluctuations and global hash rate increases [57] - Cash cost of revenue decreased by 18% from $45.2 per petahash per day in Q3 2023 to $37.1 in Q3 2024, reflecting the strategy towards near-zero energy costs [60][61] Business Line Data and Key Metrics Changes - The acquisition of data centers is expected to increase total owned and operated compute capacity by over 70%, with a total nameplate capacity now just under 1.5 gigawatts [13][14] - The company secured approximately 1 gigawatt of nameplate capacity through acquisitions and greenfield site developments in 2024 [14] Market Data and Key Metrics Changes - The company has begun developing a 150-megawatt operation in Findlay, Ohio, which already has 30 megawatts of capacity [9] - The company is diversifying its portfolio across multiple jurisdictions to ensure no single ISO contains more than 50% of its owned and operated capacity [10] Company Strategy and Development Direction - The company aims to position itself as one of the most cost-effective operators in the industry, focusing on lowering operational costs through owned and operated energy and data centers [10][19] - The strategy includes building more owned and operated generation capacity and partnering with AI companies for energy management [18][29] Management's Comments on Operating Environment and Future Outlook - Management believes that the period of low-cost growth is likely coming to an end, and companies will need to compete for capacity in a different way [26] - The company is focused on working with government branches to educate them on the benefits of Bitcoin mining for energy grid management [70] Other Important Information - The company holds over 27,000 Bitcoin, valued at approximately $2.5 billion, which provides financial flexibility and options for generating yield [62][24] - The company has a strong balance sheet, one of the strongest in the sector, which positions it well for future opportunities [64] Q&A Session Summary Question: How does the recent acquisition fit into MARA's strategy to drive energy costs to near zero? - The acquisition allows for significant operational cost reductions and aligns with the goal of lowering operational costs over time [16] Question: What flexibility does MARA have in using power from the Ohio sites? - The company can leverage power trading and hedges, providing flexibility in managing power costs [20] Question: Can you discuss MARA's HODL strategy regarding Bitcoin? - The company has purchased Bitcoin opportunistically, resulting in significant returns for shareholders, and plans to continue a hybrid strategy of buying and mining Bitcoin [22][23] Question: What are the highlights of MARA's overall financial performance? - The energized hash rate and revenues have significantly increased, while costs have decreased, demonstrating effective management and strategic growth [56][59] Question: How does MARA plan to capitalize on the experience of new Board members? - The company is focused on delivering high-value solutions and will leverage the expertise of new Board members to enhance operations [44][48]

Marathon Digital Holdings, Inc. (MARA) came out with a quarterly loss of $0.38 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post a loss of $0.23 per share when it actually produced a loss of $0.24, delivering a surprise of -4.35%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Marathon Digital, whi ...

Acquisition of two sites totaling 222 megawatts of capacity for $270/kW$270/kW acquisition multiple is one of lowest amongst larger public peersGreenfield development of a 150-megawatt site, to be gradually energized by year-end 2025Compute is fully secured for operational capacity along with a majority of anticipated growth capacity Fort Lauderdale, FL, Nov. 11, 2024 (GLOBE NEWSWIRE) -- MARA (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy ...

There were numerous positive developments driving the sector higher in recent days.It's not hyperbole to say that this week might go down in history as one of the best for cryptocurrency stock investors. It's sure been quite a boon for cryptocurrencies themselves, and the companies that mine and invest in them were surging across the five-day trading period, too. This wasn't only a coattail increase, either -- several had good news of their very own to report.Some even posted share price gains well into the ...

Marathon Digital Holdings, Inc. (MARA) closed the latest trading day at $19.31, indicating a -0.05% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.74%.Shares of the company have appreciated by 25.13% over the course of the past month, outperforming the Business Services sector's gain of 9.12% and the S&P 500's gain of 3.16%.The investment community will be paying close attention to the earnings performance of Marathon Digital Holdings, Inc. in its up ...

Marathon Digital Holdings, Inc. (MARA) shares rallied 19% in the last trading session to close at $19.32. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.6% gain over the past four weeks.Donald Trump’s win positively impacted Marathon Digital’s shares due to the potential for favorable policy shifts under his administration. Trump has historically taken a relatively hands-off approach to regulation in finan ...

Energized Hash Rate Increased 14% to 40.2 EH/s717 Bitcoin Produced in October, 2% Increase M/MTransaction Fees Accounted for 5% of Total Bitcoin Produced Fort Lauderdale, FL, Nov. 04, 2024 (GLOBE NEWSWIRE) -- MARA (NASDAQ: MARA) ("MARA" or the "Company"), one of the world’s largest publicly traded bitcoin ("BTC") miners and a leader in supporting and securing the Bitcoin ecosystem, today published unaudited BTC production update for October 2024. Management Commentary"October was our best month of bitcoin p ...

In the latest market close, Marathon Digital Holdings, Inc. (MARA) reached $18.22, with a +0.83% movement compared to the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.22%. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq added 0.76%.The company's shares have seen an increase of 11.96% over the last month, surpassing the Business Services sector's gain of 1.72% and the S&P 500's gain of 1.47%.Investors will be eagerly watching for the performance of Marathon ...

MARA Holdings (NASDAQ: MARA) has experienced a significant rise in insider selling activity in recent months. According to recent filings with the U.S. Securities and Exchange Commission (SEC), several top executives have offloaded substantial portions of their holdings in the company.One of the most notable transactions occurred on October 16, 2024, when Salman Khan, the company’s Chief Financial Officer (CFO), sold 16,700 shares of Marathon stock at $17.50 per share, amounting to $292,250.  This sale was ...

Fort Lauderdale, FL, Oct. 15, 2024 (GLOBE NEWSWIRE) -- MARA (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today announced that it has secured a $200 million line of credit, collateralized by a portion of its bitcoin holdings. MARA may use the funds to capitalize on strategic opportunities and for other general corporate purposes. Investor Notice Investing in our securities involves a high degree of risk. Before making an i ...