MARA Holdings, Inc. - MARA STOCK NEWS

Marathon Digital Holdings reported significant financial growth for Q1 2021, with revenues soaring to $9.2 million, up from $592,000 year-over-year, largely due to a $132 million unrealized gain from Bitcoin investments. The company achieved a net income of $83.4 million, or $0.87 per diluted share, a substantial turnaround from a net loss of $1.1 million in Q1 2020. Total bitcoin holdings reached approximately 5,324 bitcoins valued at $298.8 million. Marathon aims to enhance operations, targeting a hashrate of 10.37 EH/s by early 2022.

Marathon Digital Holdings (MARA) has successfully directed all of its hashrate to its newly launched Marathon OFAC Pool, the first North American Bitcoin mining pool compliant with U.S. regulations. This milestone, achieved on May 1, 2021, positions Marathon as a leader in ethically produced Bitcoin, addressing the need for compliance with anti-money laundering (AML) and Office of Foreign Asset Control (OFAC) standards. The pool will start accepting other U.S.-based miners by June 1, enhancing decentralization and security in the industry.

Marathon Digital Holdings (NASDAQ: MARA) reported significant growth in its bitcoin production and mining capabilities as of May 1, 2021. The company increased its total bitcoin holdings to approximately 5,292 BTC, valued at about $305.2 million. In April alone, Marathon minted 162.1 BTC, raising its daily production rate to nearly 7 BTC. The active mining fleet has expanded to 12,084 miners, generating a hashrate of approximately 1.29 EH/s. Marathon expects to fully install its purchased miners by early 2022, aiming for a fleet of approximately 103,120 miners.

Marathon Digital Holdings (NASDAQ: MARA), a leading Bitcoin self-mining company, is set to participate in Forbes’ webinar titled “How to Profit from Bitcoin and Other Crypto Assets Without Owning Them” on April 29, 2021, at 2:00 p.m. ET. Marathon's Executive Chairman, Merrick Okamoto, will join other industry experts including representatives from Grayscale Investments and Voyager Digital. The webinar aims to educate investors on crypto exposure through publicly traded companies. Interested parties can register via the provided link.

Marathon Digital Holdings (NASDAQ:MARA) announced the appointment of Fred Thiel as the new CEO, effective immediately. Thiel succeeds Merrick Okamoto, who will transition to Executive Chairman. Okamoto reflects on his leadership since 2017, highlighting Marathon's growth into a leading Bitcoin mining operation with a goal to reach 10.37 EH/s by early 2022. Thiel, who joined as a director in 2018, aims to build on this momentum, expanding the miner fleet to approximately 103,120 miners.

Marathon Digital Holdings (NASDAQ: MARA), a leading Bitcoin self-mining company, is set to participate in the H.C. Wainwright Cryptocurrency, Blockchain & FinTech Conference on April 27, 2021. CEO Merrick Okamoto will join a panel on Crypto Mining at 10:00 a.m. ET and a fireside chat at 2:30 p.m. ET. One-on-one meetings with institutional investors will occur throughout the event. Interested parties can register and view live webcasts for both the panel and the fireside chat.

For more information, reach out to Marathon's investor relations team.

Marathon Digital Holdings (MARA) announced its first-quarter 2021 results, producing 196 bitcoins and increasing total holdings to approximately 5,134.2 BTC, valued at $301.9 million. Cash on hand is around $212 million, with total liquidity at $513.9 million. The company received 10,300 S-19 Pro ASIC miners from Bitmain, though adverse weather conditions impacted installation. By March 2022, Marathon expects to operate with 103,120 miners, generating approximately 10.37 EH/s, marking a significant scaling in their operations.

Marathon Digital Holdings (NASDAQ: MARA) announced the launch of a fully AML and OFAC compliant Bitcoin mining pool based in North America. This initiative addresses institutional concerns about compliance, ensuring that mined Bitcoin is free from associations with illicit activities. Marathon has partnered with DMG Blockchain to utilize technology that filters transactions to meet U.S. regulations. They expect to direct 100% of their hashrate to the new pool by May 1, 2020, positioning themselves as a leader in compliant Bitcoin mining.