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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.

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-2.13%
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Rhea-AI Summary
Marathon Digital Holdings, Inc. reported its financial and operational results for Q1 2023. The company recorded a net loss of $(7.2) million, compared to $(12.9) million in the prior-year period. Revenues were $51.1 million, slightly below the prior year. The company recorded gains on the sale of bitcoin of $17.6 million in the quarter. Adjusted EBITDA was $18.6 million, compared to $9.8 million in the prior year period. Q1 2023 production highlights include a 74% increase in BTC production and a 64% growth in energized hash rate. Marathon improved its financial position by increasing its cash position, reducing debt, and increasing its unrestricted bitcoin holdings. The company remains optimistic about reaching its growth targets and becoming one of the largest Bitcoin mining operations globally.
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-14.58%
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Marathon Digital Holdings and Zero Two have announced the formation of a joint venture to establish large-scale immersion Bitcoin mining operations in the Middle East. The joint venture entity, called ADGM Entity, will initially develop and operate two mining sites in Abu Dhabi with a combined capacity of 250 megawatts. The sites are expected to come online before the end of 2023 and will be among the most technologically advanced and energy-efficient mining operations globally.
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25.7%
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Marathon Digital Holdings Inc

Nasdaq:MARA

MARA Rankings

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.