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 (MARA) operates at the intersection of energy innovation and blockchain technology, specializing in Bitcoin mining through sustainable digital asset compute solutions. This page serves as the definitive source for official company announcements and market-relevant developments.
Investors and industry observers will find curated press releases covering strategic initiatives, operational milestones, and technology advancements. Key focus areas include energy-efficient mining innovations, blockchain security enhancements, and partnerships advancing sustainable computing.
The resource consolidates essential updates on MARA's liquid immersion cooling systems, digital asset management strategies, and energy transformation projects. Content is organized for quick scanning while maintaining technical accuracy for professional audiences.
Bookmark this page for direct access to MARA's verified corporate communications, including earnings disclosures, infrastructure expansions, and technology patent filings. Regular updates ensure stakeholders maintain current awareness of the company's progress in optimizing energy-to-blockchain value conversion.
Marathon Digital Holdings reported a 22% increase in its average operational hash rate for May 2024, reaching 25.7 EH/s. The company produced 616 BTC, a decline of 27% from April, but increased its share of miner rewards to 4.2%. Marathon's total BTC holdings rose to 17,857, with a combined cash and BTC value of $1.5 billion. Operational improvements at the Ellendale facility and international agreements in Kenya were highlighted. Despite reduced BTC production, Marathon remains on track for a 50 EH/s target by year-end. Financially, the company saw a significant rise in cash and BTC holdings, with unrestricted cash at $290.4 million.
Marathon Digital Holdings (NASDAQ:MARA) has entered into an agreement with the Ministry of Energy and Petroleum of the Republic of Kenya to optimize renewable energy projects and enhance the country's energy sector. The partnership aims to support sustainable growth through green data centers and increased technological infrastructure. A Joint Steering Committee will oversee the projects, with total foreign investments projected to exceed $80 million. This marks Marathon’s first direct collaboration with a government to improve energy infrastructure, highlighting Kenya's innovative approach to energy optimization.
OrdinalsBot, a leading provider of API solutions for the BTC blockchain, reported over $4M in revenue for Q1 and more than 200K users. The platform facilitated 80% of the largest files inscribed on the Bitcoin blockchain, including music by artists like French Montana and Ghostface Killah. The company has partnered with prominent industry players such as Marathon Digital Holdings (NASDAQ: MARA) and Xverse. Notable milestones include inscribing the largest-ever Bitcoin block, over 3.969 MB. OrdinalsBot has also introduced the $TRIO utility token, following a successful $3M+ funding round. The platform continues to drive growth and innovation in the BTC ecosystem, enabling easier creation and minting of fungible and non-fungible tokens.
Marathon Digital Holdings, Inc. reported Q1 2024 financial results with impressive growth:
- Revenues increased by 223% to $165.2 million
- Net income rose by 184% to $337.2 million
- Adjusted EBITDA surged by 266% to $528.8 million
- Energized hash rate increased by 142%
- Produced 2,811 BTC, a 28% increase
- Introduced new products and services for Bitcoin support
- Closed multiple data center acquisitions
- Increased 2024 hash rate target to 50 EH/s
Management aims to continue growth and build a more sustainable future.
Marathon Digital Holdings (NASDAQ: MARA) reports increased BTC production, hash rate, and BTC holdings in April 2024. The company achieved an average operational hash rate of 21.1 EH/s, with a total of 17,631 BTC and $1.6B in cash and BTC. Marathon aims to double its mining operations to 50 EH/s by the end of 2024, fully funded and ready for growth.
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