Preview Mode
Marathon Digital
MARA Raises $850 Million in Zero-Coupon Notes for Wall Street Bitcoin Push
- The Bitcoin miner from Wall Street successfully closed an $850 million offering of zero-coupon convertible senior notes due 2031.
- The new resources will be primarily used to buy more BTC and refinance current debt.
Thursday, 05/12/2024 | 07:11 GMT by
Damian Chmiel
This Wall Street Bitcoin Miner Wants to Be New MicroStrategy: Currently Holds $3.3B in BTC
- MARA has executed a strategic $1 billion zero-interest convertible note offering to acquire 6,474 Bitcoin.
- The company maintains $160 million in reserve for future purchases, becoming the 2nd biggest public BTC holder.
Thursday, 28/11/2024 | 08:52 GMT by
Damian Chmiel
The Biggest Bitcoin Miner from Wall Street Calls for US Strategic Reserve amid Global Race
- MARA warns that national security is at risk without Bitcoin dominance through mining operations and strategic reserves.
- The company highlights the narrow gap between US and Chinese Bitcoin holdings, urging the development of domestic mining capabilities.
Wednesday, 27/11/2024 | 07:28 GMT by
Damian Chmiel
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 Faces 20% Price Cut despite High BTC Production
- Jefferies recently lowered the recommendation for Marathon Digital Holding's shares to $17.
- They claim that Bitcoin mining became less profitable in July and may continue to decline in the coming months.
Monday, 19/08/2024 | 08:57 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
Marathon Digital's $138M Oopsie: The Great Michael Ho Debacle
- Marathon Digital fined $138 million for breaking a contract with strategist Michael Ho.
- Ho's growth plan for Marathon included a major Bitcoin mining facility in North America.
- Marathon Digital executed Ho's strategy but didn't pay up.
Thursday, 25/07/2024 | 08:40 GMT by
Louis Parks
Largest Bitcoin Miner on Wall Street Ordered to Pay $138 Million
- Marathon Digital is reportedly required to pay a multimillion-dollar penalty to the founder of a competing mining company.
- Michael Ho allegedly developed a growth strategy for Marathon, but did not receive the appropriate compensation.
Tuesday, 23/07/2024 | 09:05 GMT by
Damian Chmiel
!"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|} !"#$%&'()*+,-./0123456789:;<=>?@ABCDEFGHIJKLMNOPQRSTUVWXYZ[\]^_`abcdefghijklmnopqrstuvwxyz{|}