MARA Holdings, Inc. - MARA STOCK NEWS

Marathon Digital Holdings (NASDAQ: MARA) announced a contract to acquire 30,000 Antminer S19j Pro miners for $120.7 million, increasing its total mining operations to approximately 133,000 miners. This will enable a hash rate of around 13.3 EH/s, representing 12% of the Bitcoin network's total hash rate. The new miners are expected to ship between January and June 2022. CEO Fred Thiel emphasized that this expansion positions Marathon as one of the largest Bitcoin miners globally, capitalizing on favorable market conditions.

Marathon Digital Holdings (NASDAQ: MARA) will participate in the Mining Disrupt Conference in Miami on July 20-21, 2021. Marathon's CEO, Fred Thiel, will present on the topic of mining strategies on July 21 at 10:50 a.m. Eastern time. He will also take part in panels discussing miners' councils and other industry topics. The conference aims to unite innovators in blockchain technology. Interested attendees can register for the event through the provided link.

Marathon Digital Holdings (MARA) has appointed Charlie Schumacher as the new director of corporate communications, reporting directly to CEO Fred Thiel. Schumacher, who has been with the company since September 2020, brings extensive experience in corporate storytelling and capital markets, particularly in the crypto sector. His role will encompass investor relations and public relations as the company aims to bolster its position amid increasing institutional adoption of Bitcoin. This strategic move aligns with Marathon's objective to enhance communications and manage stakeholder engagement effectively.

Marathon Digital Holdings (NASDAQ: MARA) reported an increase in total bitcoin holdings to approximately 5,784 BTC with a fair market value of about $201.6 million as of July 1, 2021. The company produced 265.6 BTC in June, marking a 17% month-over-month increase. Cash on hand is approximately $170.6 million, totaling liquidity of around $372.2 million. Marathon's mining fleet grew to 19,395 miners, achieving a hash rate of 2.09 EH/s. The firm also completed construction of mining containers in Hardin, MT, and anticipates future miner deliveries.

Marathon Digital Holdings (MARA) has announced its inclusion in the Russell 2000 Index, effective June 28, 2021. This membership is based on its ranking within the Russell 3000 Index, which is widely used with approximately $10.6 trillion in assets benchmarked against Russell’s indexes. The CEO, Fred Thiel, emphasized that this addition reflects Marathon's significant progress over the past year and is expected to enhance visibility among investors, benefiting both new and existing shareholders.

Marathon Digital Holdings (MARA) announced a significant increase in its bitcoin production and hashrate as of June 1, 2021. In May, the company produced 226.6 BTC, raising total holdings to approximately 5,518 BTC valued at $203.4 million. Marathon's cash on hand is $191.8 million, with total liquidity reaching $395.1 million. The company has increased its mining fleet to 17,655 miners, generating 1.9 EH/s. Additionally, Marathon is set to fully install its mining fleet by Q1 2022, targeting a hashrate of 10.37 EH/s.

Marathon Digital Holdings (MARA) announced its MaraPool will cease filtering transactions following the adoption of Bitcoin Core version 0.21.1. This update includes significant features like the Taproot soft fork, aimed at enhancing privacy and scalability in Bitcoin transactions. CEO Fred Thiel emphasized the company's commitment to Bitcoin's decentralization and non-censorship values. All miners within MaraPool will be updated to validate transactions consistently with other standard node miners, positioning Marathon as an engaged member of the Bitcoin community.

Marathon Digital Holdings (NASDAQ:MARA) has announced a binding letter of intent with Compute North to host approximately 73,000 Bitcoin miners in a new 300-megawatt data center in Texas. The initial agreement includes an 18-month bridge loan of up to $67 million for facility construction. Once fully operational, Marathon’s hashrate is expected to reach 10.37 EH/s and its operations will be approximately 70% carbon neutral. The company aims for 100% carbon neutrality in the long term.

Marathon Digital Holdings (NASDAQ: MARA) has signed a letter of intent with Compute North to host around 73,000 Bitcoin miners in a new 300-megawatt data center in Texas. Marathon will provide up to $67 million in an 18-month bridge loan to facilitate construction. The contract lasts three years, with planned operational implementation between October 2021 and March 2022. Once deployed, the company anticipates a hashrate of 10.37 EH/s and aims for its operations to be 70% carbon neutral.