Welcome to our dedicated page for Marathon Digital Holdings news (Ticker: $MARA), a resource for investors and traders seeking the latest updates and insights on Marathon Digital Holdings stock.
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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Marathon Digital Holdings, Inc. launches MARAFW and MARA UCB 2100, innovative firmware and control board to enhance Bitcoin mining rig performance. The company aims to improve efficiency, stability, and versatility for miners, offering unique technology to the broader mining community.
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Rhea-AI Sentiment
End-of-Day
0.38%
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Marathon Digital Holdings, Inc. (NASDAQ:MARA) acquires Applied Digital 's Bitcoin mining data center in Texas for $87.3 million, increasing its portfolio to 1.1 gigawatts. The acquisition will reduce costs by 20% and expand capacity by 100 megawatts.
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Rhea-AI Sentiment
End-of-Day
5.98%
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Rhea-AI Summary
Marathon Digital Holdings, Inc. (MARA) reported a 9% increase in energized hash rate to 28.7 EH/s and a rise in BTC holdings to 16,930 BTC, with total cash and BTC of $1.5B as of February 29, 2024. Despite operational challenges affecting bitcoin production, the company remains focused on strengthening its balance sheet and launching new tools and services for the Bitcoin ecosystem.
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Rhea-AI Sentiment
End-of-Day
1.64%
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Marathon Digital Holdings, Inc. (MARA) reports a stellar performance in 2023, with revenues increasing by 229% to $388 million, net income improving to $261.2 million, adjusted EBITDA reaching $419.9 million, and BTC production soaring by 210% to 12,852. The company's hash rate surged by 253% to 24.7 EH/s, and it diversified its mining portfolio across 11 sites on three continents. Marathon aims to further grow its hash rate to 35-37 exahash in 2024 and 50 exahash by the end of 2025, solidifying its position as a leading Bitcoin miner in North America.
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Rhea-AI Sentiment
End-of-Day
-16.53%
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Marathon Digital Holdings, Inc. introduces Anduro, a new multi-chain layer-two network on Bitcoin to enhance Bitcoin's development and adoption. Anduro aims to provide a platform for creating multiple sidechains, promoting innovation within the Bitcoin ecosystem.
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Rhea-AI Sentiment
End-of-Day
-16.53%
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OrdinalsBot, a technology infrastructure company, minted the full supply of a BRC-20 token in a single Bitcoin transaction via Marathon Digital Holdings' Slipstream service. This historic event showcases innovation in the Bitcoin ecosystem and highlights the potential for dynamic blockchain solutions.
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Marathon Digital Holdings, Inc. (NASDAQ:MARA) launches Slipstream, a direct Bitcoin transaction submission service to streamline confirmations for large or non-standard transactions. Marathon is the first publicly traded Bitcoin mining company to offer this service, leveraging its proprietary technology stack.
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Rhea-AI Sentiment
End-of-Day
7.25%
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Marathon Digital Holdings, Inc. (MARA) will host a webcast and conference call on February 28, 2024, to discuss its financial results for Q4 and fiscal year 2023. Verified shareholders can submit questions. Investors should be aware of the risks involved.
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Rhea-AI Sentiment
End-of-Day
-8.13%
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News
Rhea-AI Summary
Marathon Digital Holdings, Inc. (NASDAQ:MARA) published unaudited bitcoin production and miner installation updates for January 2024. The company increased its energized hash rate by 7% to 26.4 exahash and had BTC holdings of 15,741 with a total cash and BTC of $1.0B as of January 31, 2024. The financial highlights show a significant increase in total cash, cash equivalents, and restricted cash, as well as a 38% increase in total BTC holdings compared to the previous year.
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Rhea-AI Sentiment
End-of-Day
-8.57%
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Marathon Digital Holdings, Inc. (MARA) has entered into an agreement to remove Hut8 as the operator of two Bitcoin mining sites recently acquired by Marathon in Granbury, Texas and Kearney, Nebraska. Marathon intends to replace Hut8 as the operator of these sites by April 30, 2024. By removing Hut8 as the third-party operator and assuming direct operational control of both sites, Marathon expects to reduce its operating fees, improve its cost to produce bitcoin, participate in energy hedging and other energy management services, and streamline the implementation of its proprietary technology to improve operational efficiency.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.91%
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Marathon Digital Holdings, Inc.
Nasdaq:MARA
MARA Rankings
MARA Stock Data
5.31B
265.67M
3.59%
39.89%
16.05%
Payroll Services
Professional, Scientific, and Technical Services
United States of America
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.