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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.

News
Marathon Digital Holdings Enters Definitive Agreement To Acquire Multiple Bitcoin Mining Sites for $179 Million
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
acquisition
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News
Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for November 2023
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%
Tags
none
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News
Marathon Digital Holdings Reports Third Quarter 2023 Results
Rhea-AI Summary
Marathon Digital Holdings, Inc. (NASDAQ: MARA) reported a significant increase in net income, reaching $64.1 million, and a 467% increase in bitcoin production, leading to $97.8 million in revenues for the quarter ended September 30, 2023. The company also announced an 8% quarter-over-quarter growth in energized hash rate and a reduction in long-term debt by 56% through a $417 million note exchange.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.95%
Tags
earnings
News
Marathon Digital Holdings Continues International Expansion with 100% Renewably Powered Bitcoin Mining Project in Paraguay
Rhea-AI Summary
Marathon Digital Holdings, Inc. (NASDAQ:MARA) has launched a 27 megawatt Bitcoin mining project in Paraguay powered by renewable hydro energy, with the first phase expected to be energized in November and the second phase in 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.65%
Tags
none
-
News
Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for October 2023
Rhea-AI Summary
Marathon Digital Holdings, Inc. (NASDAQ:MARA) published its unaudited bitcoin production and miner installation updates for October 2023. The company produced 1,202 BTC in October and a total of 9,812 BTC year-to-date. The Garden City facility in Texas is expected to be fully operational by the end of November, making Marathon the largest publicly traded Bitcoin miner in North America. The company is exploring new methods of mining to diversify operations and reduce energy costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.56%
Tags
none
-
News
Marathon Digital Holdings Announces Energization of Its First Bitcoin Mining Pilot Project Powered by Renewable, Off-Grid Energy from a Landfill
Rhea-AI Summary
Marathon Digital Holdings has partnered with Nodal Power to launch a 280 kW Bitcoin mining pilot project in Utah powered by landfill methane gas. The project aims to validate the capture of methane emissions from landfills and convert it into electricity for Bitcoin mining. Marathon seeks to reduce greenhouse gas emissions and lower energy costs while utilizing a renewable energy source. If successful, Marathon plans to expand its footprint in this area.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
10.54%
Tags
none
News
Marathon Digital Holdings Schedules Conference Call for Third Quarter 2023 Financial Results
Rhea-AI Summary
Marathon Digital Holdings, Inc. will hold a webcast and conference call on November 8, 2023, to discuss its financial results for the third quarter. Verified shareholders can submit questions ahead of the earnings call.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.07%
Tags
earnings
-
News
Marathon Digital Holdings Adds New, Enterprise-Grade Bitcoin Custodian to Begin Diversifying Its Bitcoin Custody
Rhea-AI Summary
Marathon Digital Holdings adds new custodian to diversify its bitcoin treasury
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.39%
Tags
none
-
News
Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for September 2023
Rhea-AI Summary
Marathon Digital Holdings, Inc. (NASDAQ:MARA) reported a 20% increase in monthly average operational hash rate and produced 1,242 BTC in September 2023. The company's share of miner rewards reached a record high of 4.3%. Marathon retired convertible debt at a significant discount and increased its unrestricted cash and bitcoin to $471 million. The company plans to focus on increasing efficiency and lowering costs.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.29%
Tags
none
News
Marathon Digital Holdings Announces Completion of Privately Negotiated Convertible Note Exchanges
Rhea-AI Summary
$417M of Convertible Notes Exchanged at 21% Discount, Resulting in $101M Cash Savings for Marathon Digital Holdings (MARA)
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.4%
Tags
none
Stock MARA logo
Marathon Digital Holdings Inc

Nasdaq:MARA

MARA Rankings

#1186 Ranked by Market Cap
#3979 Ranked by Stock Gains
N/A Ranked by Dividends

MARA Stock Data

4.31B
265.67M
3.59%
39.89%
16.05%
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.