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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.

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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.

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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.

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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.

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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.

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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.

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MARA Holdings, Inc. (NASDAQ: MARA) has released its unaudited Bitcoin production and mining operation updates for August 2024. Key highlights include:

  • Energized hash rate increased 11% month-over-month to 35.2 EH/s
  • 196 blocks won in August, a 2% decrease from July
  • BTC production decreased 3% to 673 BTC
  • BTC holdings increased to 25,945 BTC

MARA remains on track to reach its target of 50 EH/s by the end of 2024. The company is converting a large portion of its Granbury, Texas data center from air-cooled to immersion containers, with plans to transition at least 30 more in September. MARA currently owns and operates approximately 54% of the 1.1 gigawatts of power in its portfolio, aiming to become one of the industry's most cost-efficient operators.

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WiSA Technologies (NASDAQ: WISA) has executed a $210 million definitive agreement to purchase assets from Data Vault Holdings Inc. The deal includes High-Performance Computing (HPC) software and Acoustic Technologies IP, creating a licensing and technology company with an extensive patent portfolio. The purchase consists of 40 million shares of common stock at $5 per share plus a $10 million 3-year Note.

The resulting company will offer two solutions: Data Sciences, licensing HPC software applications and Web 3.0 data management, and Acoustic Sciences, licensing spatial and multichannel HD sound transmission. The transaction is expected to close by December 31, 2024, subject to stockholder approval.

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Marathon Digital Holdings (NASDAQ: MARA) has successfully completed a $300 million offering of 2.125% convertible senior notes due 2031. The net proceeds from the sale were approximately $292.5 million after deducting initial purchasers' discounts and commissions. Notably, MARA used a portion of these proceeds to acquire approximately 4,144 bitcoin for $249 million at an average price of $59,500 per bitcoin.

The notes, sold to qualified institutional buyers, are unsecured, senior obligations of MARA with a 2.125% annual interest rate. They are convertible into cash, shares of MARA's common stock, or a combination thereof, at MARA's discretion. The initial conversion rate is 52.9451 shares per $1,000 principal amount, equivalent to a conversion price of $18.89 per share.

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Marathon Digital Holdings (NASDAQ: MARA) has announced the pricing of $250 million in 2.125% convertible senior notes due 2031. The offering, expected to close on August 14, 2024, includes an option for initial purchasers to buy an additional $50 million in notes. The notes will be convertible into cash, MARA common stock, or a combination at the company's discretion, with an initial conversion rate of 52.9451 shares per $1,000 principal amount.

MARA estimates net proceeds of approximately $243.8 million, which will be used primarily to acquire bitcoin and for general corporate purposes. The notes will be sold to qualified institutional buyers under Rule 144A of the Securities Act. This private offering is not registered and is only available through a private offering memorandum.

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Marathon Digital Holdings (NASDAQ: MARA) has announced plans to offer $250 million in convertible senior notes due 2031 to qualified institutional buyers. The company may grant initial purchasers an option for an additional $37.5 million. The notes will be unsecured, senior obligations with semi-annual interest payments and will mature on September 1, 2031. MARA can redeem the notes after September 6, 2028, while holders can require repurchase on March 1, 2029. The notes will be convertible into cash, MARA common stock, or a combination. Proceeds will be used to acquire bitcoin and for general corporate purposes.

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FAQ

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

The current stock price of MARA Holdings (MARA) is $16.24 as of November 5, 2024.

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

The market cap of MARA Holdings (MARA) is approximately 4.6B.

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

4.56B
294.48M
1.93%
56.98%
26.36%
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