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 ...

Marathon Digital Holdings, Inc. (MARA) shares have declined 28.2% in the year-to-date period against the 19.1% rally seen in the industry it belongs to and 18% growth of the Zacks S&P 500 composite. MARA's performance is in line with the close competitors in the bitcoin-mining space. Riot Platforms, Inc. (RIOT) has plummeted 48% and HuT 8 Corp. (HUT) has lost 14.2% over the same period. While the year-to-date performance of Marathon Digital paints a negative picture, it is crucial to look at the oneyear pri ...

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 ...

Proceeds to be used primarily to acquire bitcoin and for general corporate purposes Fort Lauderdale, FL, Aug. 12, 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 pricing of its offering of $250 million aggregate principal amount of 2.125% convertible senior notes due 2031 (the "notes"). The notes will be sold in a private offering to persons reasona ...

Proceeds to be used primarily to acquire bitcoin and for general corporate purposes Fort Lauderdale, FL, Aug. 12, 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 that it intends to offer, subject to market conditions and other factors, $250 million aggregate principal amount of convertible senior notes due 2031 (the "notes") in a private offering to per ...

l i TILLING 01000 114 07 th I H + I H Eoneren I have written about Marathon Digital (NASDAQ:MARA) where I suspected the company would underperform due to the halving event. Now that the event is over, and we have the company's Q2 2024 results, we can see how it has all played out. This article serves as an update to my original article, with the core thesis that owning Bitcoin itself is better than this miner. Marathon Digital's Revenues Missed the Mark in Q2 2024 Marathon Digital's most recent Q2 2024 play ...