Welcome to our dedicated page for MARA Holdings news (Ticker: MARA), a resource for investors and traders seeking the latest updates and insights on MARA Holdings stock.
MARA Holdings, Inc. (NASDAQ: MARA) is described in its public communications as a digital energy and infrastructure company that deploys digital energy technologies and high-performance computing infrastructure. Its news flow highlights how the company links energy assets, bitcoin mining, and computing to transform excess energy into digital capital and support critical infrastructure.
Visitors to this MARA news page can review company-issued press releases and related coverage that span several recurring themes. Earnings announcements are presented through quarterly shareholder letters and earnings calls, where MARA discusses financial results and changes in its bitcoin holdings. Monthly bitcoin production and mining operation updates provide detailed metrics on blocks won, bitcoin produced, energized hashrate, and total bitcoin holdings, offering insight into the company’s digital asset activities.
News items also cover MARA’s energy and infrastructure initiatives. For example, the company has announced a letter of intent with MPLX LP to develop integrated power generation facilities and data center campuses in West Texas, with natural gas supplied from MPLX’s Delaware basin processing plants under a proposed tolling structure. Other releases describe operational progress at sites such as a Texas wind farm and facilities in Ohio and other U.S. locations in the context of mining operations.
MARA’s news further includes strategic and international developments, such as an investment agreement to acquire a majority stake in Exaion SAS, a high-performance computing and secure cloud infrastructure provider, and the establishment of a European headquarters in Paris, France. Capital markets updates, including the issuance of 0.00% convertible senior notes due 2032 and related capped call transactions, are also disclosed. Investors and observers can use this news feed to follow MARA’s financial reporting, digital asset production, energy partnerships, and expansion into AI and HPC infrastructure.
On September 17, 2020, Marathon Patent Group (NASDAQ:MARA) announced its decision to withdraw the offer to acquire Fastblock Mining due to a short-term power agreement. The firm could not extend the agreement with Fastblock, which would not meet their long-term needs for economic feasibility. Instead, Marathon has signed a term sheet with a different power provider for a longer duration and favorable rates, pending due diligence.
Marathon Patent Group (NASDAQ:MARA) announced a Letter of Intent to acquire Fastblock Mining for 8,658,009 shares. This acquisition is set to decrease Bitcoin mining costs from $7,400 to $3,600 per Bitcoin, enhancing profitability. Marathon will gain additional ASIC miners, increasing hashing capacity from 186/Ph to 394/Ph, potentially generating $4 million monthly revenue. The transaction is expected to close by end of September 2020.
Marathon Patent Group (MARA) announced the deployment of 1,360 new miners, raising its Hashrate production to 186/Ph. This includes 700 WhatsMiner M31S+ Miners from MicroBT and 600 S19 Pro Antminers from Bitmain. Additional purchases of 1,000 S19 Pro Antminers are set, with 500 arriving in September and December, aiming for a total production of 296/Ph. A Long-Term Purchase Agreement for 10,500 S19 Pro Antminers will further increase Hashrate by 1,155/Ph, projecting nearly 1.5 Exahash. The company is now debt-free and anticipates cash flow positivity.
Marathon Patent Group, Inc. (NASDAQ: MARA) announced on August 21, 2020, that it has regained compliance with NASDAQ Listing Rule 5550(a)(2). This follows a notification of non-compliance received on April 6, 2020, due to a closing bid price below $1 for 30 consecutive days. The company has maintained a minimum bid price of $1.00 per share for the last 20 consecutive business days, which allowed for the reinstatement. Marathon highlights the inherent risks associated with investing and the potential impacts of mining difficulty and Bitcoin hashrate on future performance.
Marathon Patent Group (NASDAQ:MARA) has announced a Long Term Purchase Contract with Bitmain for 10,500 Antminer S-19 Pro ASIC Miners, aiming to solidify its position as a leading Bitcoin miner in North America. Following recent growth, Marathon expects to have a total of 13,520 miners generating 1.55 Exahash. The deal locks in lower prices and mitigates risks tied to future price hikes. With recent deliveries boosting their operational capacity, positive net cash flow is anticipated based on current Bitcoin prices.
Marathon Patent Group (NASDAQ:MARA) announced the purchase of 700 M31S+ ASIC Miners from MicroBT, with arrival expected in mid-August. Additionally, 660 of the 1,660 Bitmain S-19 Pro Miners will also arrive in the same timeframe. CEO Merrick Okamoto stated that current operations produce 56 PH/s, which will increase to 184 PH/s after new miners are installed. The total aggregate hashing power is projected to reach 294 PH/s by the fourth quarter, potentially leading to positive cash flow based on Bitcoin prices.
Marathon Patent Group (Nasdaq: MARA) announced the closing of its public offering of 7,666,666 shares of common stock at $0.90 per share, raising approximately $6.9 million before expenses. The underwriter, H.C. Wainwright & Co., exercised an option for an additional 999,999 shares. This offering was registered under the SEC and finalized with a prospectus submitted on July 27, 2020. The company warns that forward-looking statements in the release are subject to risks that may cause actual results to differ from expectations.
Marathon Patent Group (NASDAQ:MARA) has announced the pricing of its public offering of 6,666,667 shares at $0.90 each, aiming to raise approximately $6.0 million. The funds will be used for general corporate purposes and business expansion. The offering is set to close around July 28, 2020, pending customary conditions. H.C. Wainwright & Co. is the sole book-running manager, with a 45-day option for the underwriter to purchase an additional 999,999 shares. This offering is registered under the SEC and is subject to various risks.
Marathon Patent Group (NASDAQ:MARA) has purchased 500 new Bitmain S19 Pro miners, expected to generate 55 PH/s of hashing power. This will increase the company’s total hashing power to approximately 240 PH/s. The purchase cost was $1,190,000, and delivery is expected by the end of September. With this addition, Marathon aims for a 500% increase in its hashing rate compared to previous levels. The company has been actively acquiring miners due to rising Bitcoin demand, which has caused delays in deliveries.
On June 3, 2020, Marathon Patent Group (NASDAQ:MARA) announced the installation of 700 M30S+ ASIC Bitcoin Miners, enhancing their mining capacity. Additionally, the company reported the successful conversion of a $999,105.60 Convertible Note, eliminating long-term debt and positively boosting its balance sheet and stockholder equity. Investors are warned of high investment risks associated with the company's operations.
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