MARA Holdings, Inc. - MARA STOCK NEWS

Marathon Digital Holdings (MARA) reported significant growth in bitcoin production, achieving a 91% increase quarter-over-quarter to 1,252.4 BTC in Q3 2021. The company’s total bitcoin holdings rose to approximately 7,035 BTC, valued at about $336.3 million. Marathon also secured a $100 million revolving line of credit with Silvergate Bank, offering enhanced financial flexibility for future growth. The fleet now includes 25,272 active miners delivering 2.7 EH/s of processing power, with plans to scale to 133,000 miners by mid-2022.

Marathon Digital Holdings has announced the opening of MaraPool to other Bitcoin mining companies, starting with DMG Blockchain.

The partnership begins on September 13, 2021, where DMG will direct its entire hash rate to MaraPool. This mining pool emphasizes reducing environmental impact through carbon-neutral mining.

CEO Fred Thiel expressed excitement in welcoming DMG, noting their collaborative efforts in the pool's development. DMG’s CEO highlighted MaraPool's transparency and accountability in an often opaque industry.

Marathon Digital Holdings (NASDAQ: MARA) will participate in key cryptocurrency conferences in September 2021, including Bitmain’s Digital Mining Energy Conference and the 1st Annual Needham Crypto Conference. The Company aims to showcase its position as a leading Bitcoin self-mining firm in North America. Presentations are scheduled for September 9 and September 13, 2021, with additional participation at the BTIG Future of Digital Assets Conference on September 22, 2021. Investors are reminded of the inherent risks associated with investing in securities, emphasizing the volatility of cryptocurrency markets.

Marathon Digital Holdings reported a 6% increase in bitcoin production for August 2021, totaling 469.6 BTC. Total bitcoin holdings reached approximately 6,695 BTC, valued at around $316.4 million. The company maintains cash reserves of about $70.9 million and total liquidity of $387.3 million. A total of 21,584 ASIC miners have been received, with additional 5,916 miners in transit. Marathon anticipates its mining fleet to grow to 133,000 miners by mid-2022, increasing hash rate potential significantly.

Marathon Digital Holdings (MARA) announced an expanded collaboration with NYDIG to enhance services for its Bitcoin mining pool, MaraPool. This partnership provides members with access to NYDIG's institutional-grade offerings, including equipment procurement and financing. MaraPool focuses on carbon-neutral mining and offers transparency through third-party audits. Marathon's CEO highlighted the importance of NYDIG's support, while NYDIG's CEO praised Marathon's innovative approach. Applications from other U.S. Bitcoin mining companies for MaraPool will be accepted later this month.

Marathon Digital Holdings reported a remarkable financial performance for Q2 2021, with revenues soaring by 220% quarter-over-quarter to $29.3 million, and a staggering 10,147% increase year-over-year. The company produced 654 bitcoins in the quarter, accumulating 1,441 bitcoins year-to-date. Non-GAAP income from operations stood at $20.1 million, translating to $0.21 per diluted share. However, a net loss of $108.9 million was recorded due to declines in the fair market value of its bitcoin holdings. The company remains optimistic about future growth as it enhances its mining capacity and operations.

Marathon Digital Holdings (NASDAQ: MARA) has appointed Sarita James and Said Ouissal to its board of directors, expanding the board to seven members, including five independents. CEO Fred Thiel emphasized the importance of diverse leadership as the Bitcoin landscape evolves. James, with a background in technology and finance, and Ouissal, an expert in telecommunications and cloud sectors, are expected to provide valuable insights as Marathon accelerates its mining operations.

Marathon Digital Holdings reported a significant increase in bitcoin production, achieving 442.2 BTC in July 2021, a 66% month-over-month growth. This brings the company's total bitcoin holdings to approximately 6,225.6 BTC, valued at around $260.7 million. The company also holds $91.9 million in cash, totaling $352.6 million in liquidity. Marathon has received 19,401 S19 Pro miners in 2021 and announced the purchase of an additional 30,000 miners expected to enhance production to approximately 13.3 EH/s.

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.