Marathon Digital Holdings, Inc. (MARA) ended the recent trading session at $15.23, demonstrating a -1.36% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.21%. On the other hand, the Dow registered a loss of 0.14%, and the technology-centric Nasdaq decreased by 0.05%. Prior to today's trading, shares of the company had lost 2.22% over the past month. This has lagged the Business Services sector's gain of 4% and the S&P 500's gain of 5.94% in that ...

The latest trading session saw Marathon Digital Holdings, Inc. (MARA) ending at $17.29, denoting a -1.31% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.13%. Meanwhile, the Dow experienced a rise of 0.33%, and the technology-dominated Nasdaq saw a decrease of 0.39%. Shares of the company have appreciated by 3.12% over the course of the past month, underperforming the Business Services sector's gain of 4.62% and outperforming the S&P 500's gain of 2.43%. Analysts and inv ...

Core Insights - Crypto-related stocks have seen diminished interest despite Bitcoin's stability near key resistance levels, indicating a potential breakout opportunity [1][2] - The rise of Bitcoin ETFs, such as the iShares Bitcoin Trust, may have diverted investor attention from mining stocks [3] Bitcoin Performance - Bitcoin has experienced an 8.7% decline over the past six months but remains up 143% year-over-year and 44% year-to-date [2] - The current trading range for Bitcoin is between $22.02 and $41.99, with a recent price of $35.97 [2] Marathon Digital Holdings (MARA) - MARA's stock has dropped over 20% in the last six months and more than 30% year-to-date, underperforming Bitcoin [3][5] - The company reported a quarterly loss of ($0.72) per share, significantly worse than the expected ($0.23), with revenue at $145.14 million versus an expected $157.86 million [4] - Analysts maintain a consensus Hold rating with a price target of $19.61, suggesting a potential upside of 21.5% [5] Riot Platforms (RIOT) - RIOT's stock has fallen nearly 40% in the past six months and is down 60% from its 52-week high [6] - The latest earnings report showed a loss of ($0.32) per share, double the expected ($0.16) loss, with revenue at $70 million, down 8.7% year-over-year [6] - Analysts have a Buy consensus with a price target of $16.60, indicating over 100% potential upside [7] Analyst Sentiment - Despite the underperformance of both MARA and RIOT compared to Bitcoin, analysts express cautious optimism regarding their long-term potential [8] - Investors are advised to closely monitor Bitcoin's price action, as a breakout may be necessary for these stocks to regain strength [8]

The latest trading session saw Marathon Digital Holdings, Inc. (MARA) ending at $16.14, denoting a -1.65% adjustment from its last day's close. The stock's change was less than the S&P 500's daily loss of 0.19%. Elsewhere, the Dow saw a downswing of 0.7%, while the tech-heavy Nasdaq appreciated by 0.04%. The company's stock has dropped by 7.55% in the past month, falling short of the Business Services sector's gain of 4.37% and the S&P 500's gain of 1.95%. Investors will be eagerly watching for the performa ...

Crypto stocks clawed back losses from last week. Shares of several crypto stocks rose this week after the release of important economic data, a presidential debate, and as the market clawed back losses from a difficult last week when the S&P 500 suffered its worst week of losses since March 2023. Shares of Bitcoin miners Riot Platforms (RIOT -0.49%) and MARA Holdings (MARA 0.13%) traded roughly 10% and 17% this week, respectively, as of 11:30 a.m. ET Thursday. Meanwhile, shares of the Bitcoin holder and bus ...

Marathon Digital Holdings, Inc. (MARA) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the past month, shares of this company have returned -20.4%, compared to the Zacks S&P 500 composite's +6.2% change. During this period, the Zacks Technology Services industry, which Marathon Digital falls in, has gained 11.4%. The key question now is: What could be the stock's future direction ...

Energized Hash Rate Increases 11% M/M to 35.2 EH/s 196 Blocks Won in August, 2% Decrease M/M Increased BTC Holdings to 25,945 BTC Fort Lauderdale, FL, Sept. 04, 2024 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (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 and miner installation updates for August 2024. Management Commentary "During the month of Aug ...

Marathon Digital Holdings Inc. MARA, a key player in the digital asset and cryptocurrency mining space, has been on a roller-coaster ride. While the stock is down 18.49% year-to-date, it has surged 75.99% over the past year, making it a favorite among investors looking for exposure to the blockchain ecosystem. However, with the stock down 13.32% in the past month and moving averages hinting at a looming death cross, the question arises: should investors be concerned? Death Cross Or Just A Bump In The Blockc ...

As you can see on the chart, over the past few days, shares of MARA "broke" or crossed the downtrend line. The downtrend that started a month ago in Marathon Digital Holdings, Inc. MARA may have ended. It has broken the downtrend line. It has also formed a potential 'Rounded Bottom' on the chart. Both of these dynamics may have bullish implications. This is why we have identified MARA as our stock of the day. If a stock is moving lower, the first thing that must happen before it moves higher is for it to st ...

Fort Lauderdale, FL, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today announced the closing of its offering of 2.125% convertible senior notes due 2031 (the "notes"). The aggregate principal amount of the notes sold in the offering was $300 million, which includes $50 million aggregate principal amount of notes issued pursuant to an option to purchase, wi ...