STOCK TITAN

MARA Holdings, Inc. - MARA STOCK NEWS

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.

Marathon Digital Holdings, Inc. (NASDAQ: MARA) is a leading company dedicated to 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, Marathon Digital aims to make Bitcoin more secure and widely adopted. The company primarily focuses on mining digital assets and operates within the Digital Currency Blockchain segment. Marathon Digital owns numerous cryptocurrency mining machines and a data center, all located in the United States.

With a professional and innovative approach, Marathon Digital Holdings is positioned as a significant player in the cryptocurrency sector. The company's strategic operations ensure the security of the blockchain and contribute to the broader adoption of Bitcoin. Marathon Digital's proactive participation in industry events highlights its commitment to staying at the forefront of the digital currency mining space.

Recent achievements include securing partnerships and expanding their mining operations. The company has been actively participating in various influential conferences such as the Bitcoin Policy Summit on April 9, 2024, in Washington D.C., the Blockchain Life 2024 on April 15-16, 2024, in Dubai, UAE, the AmCham Business Summit on April 24-25, 2024, in Nairobi, Kenya, and the AIM Summit London on April 29-30, 2024, in London, UK. These events spotlight Marathon Digital's influence and thought leadership in the industry.

Rhea-AI Summary

MARA Holdings has completed a $1 billion offering of 0% convertible senior notes due 2030, including $150 million from additional purchasers. The net proceeds of approximately $980 million will be used to: repurchase $212 million of existing 2026 convertible notes ($199 million allocated), acquire additional bitcoin, and for general corporate purposes. The notes are convertible into cash, MARA common stock, or a combination thereof, with an initial conversion rate of 38.5902 shares per $1,000 principal amount, equivalent to $25.9133 per share - a 42.5% premium over the current stock price.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.85%
Tags
none
-
Rhea-AI Summary

MARA Holdings has announced the pricing of $850 million in zero-coupon convertible senior notes due 2030, with an additional $150 million option available to initial purchasers. The notes, maturing on March 1, 2030, will be convertible into cash, shares, or a combination at MARA's election, with an initial conversion rate of 38.5902 shares per $1,000 principal amount. The company plans to use approximately $199 million of the net proceeds to repurchase existing 2026 convertible notes, with the remainder allocated for bitcoin acquisition and general corporate purposes. The offering, expected to close on November 20, 2024, represents a conversion premium of 42.5% over MARA's current stock price.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.69%
Tags
none
-
Rhea-AI Summary

MARA Holdings has announced a proposed private offering of $700 million convertible senior notes due 2030, with an additional $105 million option for initial purchasers. The notes will be convertible into cash, MARA common stock, or a combination thereof. The company plans to use up to $200 million of the proceeds to repurchase existing 2026 convertible notes, with the remainder allocated for bitcoin acquisition and general corporate purposes. The notes will bear semi-annual interest starting March 1, 2025, and mature on March 1, 2030. Holders can require MARA to repurchase notes on December 1, 2027, and MARA may redeem them after March 5, 2028.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-14.07%
Tags
private placement offering
Rhea-AI Summary

MARA Holdings has announced the release of its third quarter 2024 financial results. The company will discuss these results during a webcast and conference call scheduled for November 12, 2024, at 5:00 p.m. Eastern Time. Shareholders can access the quarterly letter through MARA's investor relations website at ir.mara.com, and the document will also be filed with the SEC via Form 8-K. Interested parties can register for the conference call through the provided link, with replay options available on the company's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-13.99%
Tags
-
Rhea-AI Summary

MARA announced the addition of 372 megawatts of compute capacity across three sites in Ohio. The company acquired two operational data centers in Hannibal and Hopedale with 222 megawatts of interconnect-approved capacity for $270/kW, and began developing a 150-megawatt facility in Findlay. The acquired sites have 122 megawatts of current capacity with approval to expand by 100 megawatts. The Findlay site has 30 megawatts of existing capacity. MARA plans to fully energize these facilities by end-2025, supporting its 2024 target of 50 EH/s. This expansion increases their total owned and operated compute capacity by over 70% and diversifies their portfolio across multiple ISOs.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
29.92%
Tags
none
-
Rhea-AI Summary

MARA announced it will host a webcast and conference call on Tuesday, November 12, 2024, at 5:00 p.m. Eastern time to discuss its third quarter 2024 financial results for the period ended September 30, 2024. The company will publish a shareholder letter containing financial results prior to the call, which will be available on their investor relations website. Interested participants can register for the conference call and audio webcast through a provided link. The webcast will be available for replay on the company's investor relations section.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.77%
Tags
conferences earnings
Rhea-AI Summary

MARA reported its October 2024 Bitcoin mining performance, achieving its best month of production since April's halving with 717 BTC produced, a 2% increase from September. The company increased its energized hash rate by 14% to 40.2 EH/s. Transaction fees accounted for 5% of total production, including two notable transactions generating fees of 3.217 BTC and 2.665 BTC. Despite a 3% decrease in blocks won due to increased global hash rate and difficulty, MARA maintains progress toward its 50 EH/s target by year-end. As of October 31, 2024, MARA held 27,562 BTC, including 4,499 restricted BTC.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.79%
Tags
none
-
Rhea-AI Summary

MARA (NASDAQ: MARA), a leader in digital asset compute supporting energy transformation, has secured a $200 million line of credit backed by a portion of its bitcoin holdings. The company may utilize these funds for strategic opportunities and general corporate purposes.

This financial move provides MARA with additional liquidity and flexibility to pursue potential growth initiatives. However, the company cautions that investing in its securities involves a high degree of risk, and investors should carefully consider the risks and uncertainties before making investment decisions.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.86%
Tags
none
-
Rhea-AI Summary

MARA, a leading bitcoin miner, reported significant growth in its September 2024 operations. The company increased its energized hash rate by 5% to 36.9 EH/s and saw a 6% increase in block wins to 207. BTC production grew by 5% to 705 BTC, with an average daily production of 23.5 BTC. MARA's BTC holdings reached 26,842 BTC, surpassing a 'marathon worth' of bitcoin HODL.

The company remains on track to achieve its target of 50 EH/s by the end of 2024. Ongoing projects include the conversion of the Granbury data center to immersion containers, expected to be completed before year-end. MARA also became the first publicly traded digital asset compute company to submit a disclosure to the Climate Disclosure Project (CDP), demonstrating its commitment to environmental transparency.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.93%
Tags
none
Rhea-AI Summary

MARA Holdings Inc. (NASDAQ:MARA) has announced significant changes to its board of directors, effective September 1, 2024. Janet George and Barbara Humpton have been appointed to the board, replacing Kevin DeNuccio and Said Ouissal. Additionally, current board member Doug Mellinger has been named lead independent director.

George brings expertise in AI, data centers, and high-growth technology environments, having served as Corporate VP and GM of Data Center & AI at Intel. Humpton, President and CEO of Siemens USA, offers extensive experience in energy-efficient technologies and smart infrastructure. These appointments aim to enhance MARA's strategic initiatives in AI, data centers, and energy.

The changes reflect MARA's commitment to adopting best practices as an S&P SmallCap 600 company and aligning with its expanding digital infrastructure technology and AI data center co-location strategy.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-6.99%
Tags
management

FAQ

What is the current stock price of MARA Holdings (MARA)?

The current stock price of MARA Holdings (MARA) is $26.03 as of November 22, 2024.

What is the market cap of MARA Holdings (MARA)?

The market cap of MARA Holdings (MARA) is approximately 7.4B.

What does Marathon Digital Holdings do?

Marathon Digital Holdings focuses on mining digital assets and securing the Bitcoin blockchain. They own cryptocurrency mining machines and a data center in the United States.

Where is Marathon Digital Holdings' mining operation located?

Marathon Digital Holdings' cryptocurrency mining machines and data center are located in the United States.

What segment does Marathon Digital Holdings operate in?

Marathon Digital Holdings operates in the Digital Currency Blockchain segment.

How is Marathon Digital contributing to Bitcoin's security?

Marathon Digital contributes to Bitcoin's security by building a sustainable and agile bitcoin mining operation, which helps secure the blockchain.

What recent conferences is Marathon Digital Holdings attending?

Marathon Digital Holdings is attending several conferences: Bitcoin Policy Summit (April 9, 2024), Blockchain Life 2024 (April 15-16, 2024), AmCham Business Summit (April 24-25, 2024), and AIM Summit London (April 29-30, 2024).

How is Marathon Digital Holdings impacting the Bitcoin ecosystem?

Marathon Digital Holdings impacts the Bitcoin ecosystem by enhancing its security and supporting its wider adoption through professional mining operations.

What are Marathon Digital Holdings' recent achievements?

Recent achievements include expanding their mining operations and securing strategic partnerships.

Who can benefit from Marathon Digital Holdings' operations?

Anyone invested in or relying on Bitcoin's stability and security can benefit from Marathon Digital Holdings' operations.

What is the significance of Marathon Digital's participation in industry events?

Participation in industry events showcases Marathon Digital's leadership and commitment to staying at the forefront of digital currency mining and blockchain security.

What is the main goal of Marathon Digital Holdings?

The main goal of Marathon Digital Holdings is to secure and support the development of the Bitcoin ecosystem by building a robust and sustainable mining operation.

MARA Holdings, Inc.

Nasdaq:MARA

MARA Rankings

MARA Stock Data

7.45B
316.50M
1.73%
52.45%
23.92%
Capital Markets
Finance Services
Link
United States of America
LAS VEGAS