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MARA Stock News: Marathon Digital's Bold $850 Million Move Signals Major Growth Plans
- MARA secures $850M interest-free funding, plans major Bitcoin buy and refinancing of 2026 notes
- Marathon Digital stock stalls, despite the zero-interest note offering signals strong institutional confidence
Tuesday, 19/11/2024 | 11:33 GMT by
Damian Chmiel
Even Top Wall Street Bitcoin Miners Cannot Stay Profitable Despite Soaring Hashrate
- Three major BTC mining companies—Marathon Digital, TeraWulf, and HIVE Digital—reported net losses in Q3 2024.
- Although all firms continued to expand their mining capacity, increased operational costs are killing the profits.
Wednesday, 13/11/2024 | 08:00 GMT by
Damian Chmiel
Wall Street's Bitcoin Miners Boost Production, but Revenue Falls for 4th Straight Month
- Major U.S. BTC mining companies reported increased production in October 2024, with MARA leading at 717 Bitcoins mined.
- However, JPMorgan reports declining profitability as the network hash rate reached a record 702 EH/s.
Tuesday, 05/11/2024 | 07:20 GMT by
Damian Chmiel
Wall Street Bitcoin Giant MARA Flexes Mining Muscle with 14% Hashrate Surge
- MARA mined 717 Bitcoins in October, its best month since April's halving while increasing its hash rate to 40.2 EH/s.
- The company benefited from significant transaction fees and remains on track for its 50 EH/s year-end target.
Monday, 04/11/2024 | 13:41 GMT by
Damian Chmiel
MARA: Largest Bitcoin Miner on Wall Street Unlocks $200M BTC-Backed Credit Line
- Former Marathon Digital Holdings plans to use the funds for “strategic opportunities.”
- According to Macquarie Financial Group, Nasdaq-listed MARA stock is expected to grow by 50%.
Wednesday, 16/10/2024 | 08:38 GMT by
Damian Chmiel
MARA Stock: Shares of Wall Street's Biggest Crypto Miner Set to Surge 50%
- Check Marathon Digital's AI plans and how they could lead to a potential rally in MARA stock.
- According to Macquarie, the company's shares can jump to $22, testing mid-term highs.
Thursday, 03/10/2024 | 06:55 GMT by
Damian Chmiel
Top Wall Street Bitcoin Miners Report August Dip as Digital Gold Rush Slows
- Major publicly traded Bitcoin mining companies reported decreased production in August compared to July.
- Factors including increased network difficulty and power costs contributed to the decline.
Thursday, 05/09/2024 | 07:45 GMT by
Damian Chmiel
Largest Bitcoin Miner on Wall Street Just Bought $249 Million Worth of Bitcoin
- Marathon Digital Holdings successfully closed a convertible senior notes offering in two days.
- MARA currently produces nearly 700 BTC per month and has the biggest market cap among crypto mining firms.
Thursday, 15/08/2024 | 09:15 GMT by
Damian Chmiel
Nasdaq-Listed Bitcoin Miner Marathon Digital Buys $100M BTC, Citing Institutional Adoption
- The company has also announced a new strategy to retain all its mined bitcoin and make periodic open market purchases.
- Marathon Digital mentioned that this decision aligns with the heightened institutional support and an improving macro environment.
Thursday, 25/07/2024 | 13:14 GMT by
Jared Kirui
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