What if you had invested $1,000 in Marathon Digital in the summer of 2019? Here's what you'd have today. The company now known as Marathon Digital Holdings (MARA -4.38%) wasn't always a powerhouse of Bitcoin (BTC -0.06%) production. By the summer of 2019, it had dipped its first toe into the Bitcoin-mining waters, but its core business still consisted of monetizing a portfolio of acquired patents and other intellectual property. With a total market value of $22 million, Marathon's stock teetered on the edge ...

Investors will be eagerly watching for the performance of Marathon Digital Holdings, Inc. in its upcoming earnings disclosure. 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. Meanwhile, our latest consensus estimate is calling for revenue of $168.47 million, up 106.06% from the prior-year quarter. The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Indu ...

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. ...

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, ...

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 ...