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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 Announces Bitcoin Production and Mining Operation Updates for August 2023
Rhea-AI Summary
Marathon Digital Holdings reports 9% decrease in bitcoin production in August 2023 due to increased curtailment activity in Texas. Secures miners for 5 EH/s additional hash rate. Combined unrestricted cash and bitcoin is $445 million as of August 31, 2023.
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Marathon Digital Holdings Reports Second Quarter 2023 Results
Rhea-AI Summary
Marathon Digital Holdings, Inc. reported its financial and operational results for Q2 2023. The company recorded a net loss of $21.3 million, compared to a net loss of $212.6 million in the same period last year. Revenues were $81.8 million, significantly higher than Q2 2022 revenues of $24.9 million. Adjusted EBITDA was $25.6 million compared to a loss of $167.1 million in the prior year period. The company produced a record 2,926 bitcoin during the quarter, representing approximately 3.3% of the Bitcoin network rewards available during the period. Marathon's domestic installed hash rate has reached its 23 exahash target.
Rhea-AI Impact
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-1.34%
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earnings
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Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for July 2023
Rhea-AI Summary
Marathon Digital Holdings, Inc. (NASDAQ:MARA) reported a record-breaking month in July 2023, mining 179 blocks and producing 1,176 BTC, a 20% increase from the previous month and a 1,527% increase from July 2022. The company also increased its operational hash rate by 6% to 18.8 EH/s and installed hash rate by 5% to 22.8 EH/s. Marathon's joint venture in Abu Dhabi began mining operations and produced 17 BTC in July. The company reported unrestricted cash and cash equivalents of $115 million and increased its unrestricted Bitcoin holdings to 12,964 BTC (c. $379 million) as of July 31, 2023.
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Marathon Digital Holdings Schedules Conference Call for Second Quarter 2023 Financial Results
Rhea-AI Summary
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-5.05%
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earnings
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Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for June 2023
Rhea-AI Summary
Marathon Digital Holdings, Inc. reports BTC production of 979 in June 2023, a decrease of 21% from the previous month. Operational hash rate increased by 16% to 17.7 EH/s and installed hash rate increased by 8% to 21.8 EH/s. The company's joint venture in Abu Dhabi began mining operations and is on track for 7 EH/s by year end. Marathon reported unrestricted cash and cash equivalents of $114 million and increased unrestricted Bitcoin holdings to 12,538 BTC (c. $382 million) as of June 30, 2023.
Rhea-AI Impact
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-1.54%
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Marathon Digital Holdings Issues Warning of Fraudulent Activity
Rhea-AI Summary
Marathon Digital Holdings, Inc. warns the public about cryptocurrency scams and fraudulent activities. The company has identified multiple fraudulent websites, apps, and communications claiming affiliation with Marathon. They have also discovered fraudulent stock certificates being sold in foreign countries. Marathon clarifies that they do not offer accounts for individual investors in cryptocurrency mining and do not accept money from individual investors. They do not issue stock certificates or sell stock directly to individuals. The company urges the public to be cautious and not send money to anyone claiming to sell stock or securities on behalf of Marathon. In case of fraud, victims should contact their local FBI office or report incidents of financial fraud through the National Cyber Crime Reporting Portal. Marathon is working with authorities to protect its copyrights, trademarks, and intellectual property.
Rhea-AI Impact
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-3.41%
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Marathon Digital Holdings Announces Closing of $14.25 Million Private Placement
Rhea-AI Summary
Marathon Digital Holdings, Inc. has closed its private placement for the issuance and sale of 15,000 shares of Series A redeemable convertible preferred stock. The purchase price of each share was $952.38, representing a 5% discount. The Series A preferred stock is convertible into common stock at an initial conversion price of $14.52 per share. The gross proceeds from the offering were approximately $14.25 million. H.C. Wainwright & Co. served as the exclusive placement agent.
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Marathon Digital Holdings Appoints Salman Khan as its Chief Financial Officer
Rhea-AI Summary
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-5.26%
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management
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Marathon Digital Holdings Announces $14.25 Million Private Placement
Rhea-AI Summary
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9.68%
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Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for May 2023
Rhea-AI Summary
Marathon Digital Holdings, Inc. announced record BTC production in May 2023 and increased operational hash rate. They also raised nearly $800,000 for Bitcoin Core Developers. The company reported unrestricted cash and cash equivalents of $97.3 million and increased unrestricted Bitcoin holdings to 12,259 BTC.
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Stock MARA logo
Marathon Digital Holdings Inc

Nasdaq:MARA

MARA Rankings

#1262 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.