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Marathon Digital Holdings Inc - MARA STOCK NEWS

Welcome to our dedicated news page for Marathon Digital Holdings (Ticker: MARA), a resource for investors and traders seeking the latest updates and insights on Marathon Digital Holdings.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Marathon Digital Holdings's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Marathon Digital Holdings's position in the market.

Rhea-AI Summary
Marathon Digital Holdings, Inc. (NASDAQ:MARA) launches Slipstream, a direct Bitcoin transaction submission service to streamline confirmations for large or non-standard transactions. Marathon is the first publicly traded Bitcoin mining company to offer this service, leveraging its proprietary technology stack.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.25%
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none
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Rhea-AI Summary
Marathon Digital Holdings, Inc. (MARA) will host a webcast and conference call on February 28, 2024, to discuss its financial results for Q4 and fiscal year 2023. Verified shareholders can submit questions. Investors should be aware of the risks involved.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.13%
Tags
-
Rhea-AI Summary
Marathon Digital Holdings, Inc. (NASDAQ:MARA) published unaudited bitcoin production and miner installation updates for January 2024. The company increased its energized hash rate by 7% to 26.4 exahash and had BTC holdings of 15,741 with a total cash and BTC of $1.0B as of January 31, 2024. The financial highlights show a significant increase in total cash, cash equivalents, and restricted cash, as well as a 38% increase in total BTC holdings compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-8.57%
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none
Rhea-AI Summary
Marathon Digital Holdings, Inc. (MARA) has entered into an agreement to remove Hut8 as the operator of two Bitcoin mining sites recently acquired by Marathon in Granbury, Texas and Kearney, Nebraska. Marathon intends to replace Hut8 as the operator of these sites by April 30, 2024. By removing Hut8 as the third-party operator and assuming direct operational control of both sites, Marathon expects to reduce its operating fees, improve its cost to produce bitcoin, participate in energy hedging and other energy management services, and streamline the implementation of its proprietary technology to improve operational efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.91%
Tags
-
Rhea-AI Summary
Marathon Digital Holdings, Inc. (NASDAQ:MARA) has completed the acquisition of two operational Bitcoin mining sites, totaling 390 megawatts of operational capacity, from Generate Capital. This adds to Marathon's mining portfolio, which now consists of approximately 910 megawatts of capacity, with plans to scale operations to 50 exahashes of capacity in the next 18-24 months. The acquisition is expected to reduce bitcoin production costs and improve operational efficiencies, showcasing Marathon's ability to act opportunistically and decisively, supported by a strong balance sheet. Generate Capital's Principal, David Hirsch, expressed excitement for Marathon to take over stewardship of the data centers, highlighting their efficiency and potential for stakeholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.32%
Tags
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Rhea-AI Summary
Marathon Digital Holdings, Inc. (NASDAQ:MARA) announced that its Chief Financial Officer will participate in the Needham Growth Conference on January 18. The fireside chat is scheduled to begin at 3:45 pm Eastern time. Investors can listen to the live webcast and access the replay on the Company’s Investor Relations page at ir.mara.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.96%
Tags
conferences
Rhea-AI Summary
Marathon Digital Holdings, Inc. (NASDAQ:MARA) reported a record BTC production of 1,853 BTC in December and 12,852 BTC in 2023. The average operational hash rate increased by 18% M/M to 22.4 EH/s. The company holds over 15,000 BTC and has a total cash & BTC of $1.0B as of December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.07%
Tags
none
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Rhea-AI Summary
Marathon Digital Holdings, Inc. (NASDAQ:MARA) has added Anchorage Digital Bank National Association as a bitcoin custodian, increasing its custodians from two to three, with 14,025 bitcoin on its balance sheet as of November 30, 2023. The addition demonstrates Marathon's commitment to securely managing and diversifying its bitcoin holdings.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
12.13%
Tags
none
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Rhea-AI Summary
Marathon Digital Holdings, Inc. (NASDAQ:MARA) has entered into a definitive purchase agreement to acquire two currently operational Bitcoin mining sites, totaling 390 megawatts of capacity, from subsidiaries of Generate Capital, PBC for a total of $178.6 million. This transaction marks the Company's official transition from an asset-light organization to one that manages a diversified and resilient portfolio of Bitcoin mining operations, increasing its Bitcoin mining portfolio by 56% to 910 megawatts of capacity. The acquisition provides immediate expansion opportunities, operational efficiencies, and the potential to double its current operational hash rate to approximately 50 exahashes over the next 18-24 months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.51%
Tags
Rhea-AI Summary
Marathon Digital Holdings, Inc. (NASDAQ:MARA) increased its domestic hash rate to 23.7 EH/s, producing 1,187 BTC in November 2023 and 10,999 BTC year-to-date. The combined unrestricted cash and Bitcoin was $802.3 million as of November 30, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.83%
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none
Marathon Digital Holdings Inc

Nasdaq:MARA

MARA Rankings

MARA Stock Data

4.71B
265.67M
3.59%
40.09%
16.93%
Payroll Services
Professional, Scientific, and Technical Services
Link
US
Las Vegas

About MARA

Marathon Digital Holdings is focused on securing and supporting the development of the Bitcoin ecosystem by building one of the largest, most agile, and most sustainable bitcoin mining operations in the world. We’re here to help make Bitcoin more secure and more widely adopted by bringing a professional and innovative approach to securing the blockchain.