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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.

News

Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for July 2023

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Marathon Digital Holdings, Inc. (NASDAQ:MARA) reported a record-breaking month in July 2023, mining 179 blocks and producing 1,176 BTC, a 20% increase from the previous month and a 1,527% increase from July 2022. The company also increased its operational hash rate by 6% to 18.8 EH/s and installed hash rate by 5% to 22.8 EH/s. Marathon's joint venture in Abu Dhabi began mining operations and produced 17 BTC in July. The company reported unrestricted cash and cash equivalents of $115 million and increased its unrestricted Bitcoin holdings to 12,964 BTC (c. $379 million) as of July 31, 2023.
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Marathon Digital Holdings Schedules Conference Call for Second Quarter 2023 Financial Results

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Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for June 2023

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Marathon Digital Holdings, Inc. reports BTC production of 979 in June 2023, a decrease of 21% from the previous month. Operational hash rate increased by 16% to 17.7 EH/s and installed hash rate increased by 8% to 21.8 EH/s. The company's joint venture in Abu Dhabi began mining operations and is on track for 7 EH/s by year end. Marathon reported unrestricted cash and cash equivalents of $114 million and increased unrestricted Bitcoin holdings to 12,538 BTC (c. $382 million) as of June 30, 2023.
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Marathon Digital Holdings Issues Warning of Fraudulent Activity

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Marathon Digital Holdings, Inc. warns the public about cryptocurrency scams and fraudulent activities. The company has identified multiple fraudulent websites, apps, and communications claiming affiliation with Marathon. They have also discovered fraudulent stock certificates being sold in foreign countries. Marathon clarifies that they do not offer accounts for individual investors in cryptocurrency mining and do not accept money from individual investors. They do not issue stock certificates or sell stock directly to individuals. The company urges the public to be cautious and not send money to anyone claiming to sell stock or securities on behalf of Marathon. In case of fraud, victims should contact their local FBI office or report incidents of financial fraud through the National Cyber Crime Reporting Portal. Marathon is working with authorities to protect its copyrights, trademarks, and intellectual property.
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Marathon Digital Holdings Announces Closing of $14.25 Million Private Placement

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Marathon Digital Holdings, Inc. has closed its private placement for the issuance and sale of 15,000 shares of Series A redeemable convertible preferred stock. The purchase price of each share was $952.38, representing a 5% discount. The Series A preferred stock is convertible into common stock at an initial conversion price of $14.52 per share. The gross proceeds from the offering were approximately $14.25 million. H.C. Wainwright & Co. served as the exclusive placement agent.
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Marathon Digital Holdings Appoints Salman Khan as its Chief Financial Officer

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Marathon Digital Holdings Announces $14.25 Million Private Placement

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Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for May 2023

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Marathon Digital Holdings, Inc. announced record BTC production in May 2023 and increased operational hash rate. They also raised nearly $800,000 for Bitcoin Core Developers. The company reported unrestricted cash and cash equivalents of $97.3 million and increased unrestricted Bitcoin holdings to 12,259 BTC.
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Marathon Digital Holdings Collaborates with Brink To Raise Up to $1 Million To Support Bitcoin Core Developers

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Marathon Digital Holdings Reports First Quarter 2023 Results

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Marathon Digital Holdings, Inc. reported its financial and operational results for Q1 2023. The company recorded a net loss of $(7.2) million, compared to $(12.9) million in the prior-year period. Revenues were $51.1 million, slightly below the prior year. The company recorded gains on the sale of bitcoin of $17.6 million in the quarter. Adjusted EBITDA was $18.6 million, compared to $9.8 million in the prior year period. Q1 2023 production highlights include a 74% increase in BTC production and a 64% growth in energized hash rate. Marathon improved its financial position by increasing its cash position, reducing debt, and increasing its unrestricted bitcoin holdings. The company remains optimistic about reaching its growth targets and becoming one of the largest Bitcoin mining operations globally.
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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.

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MARA Holdings, Inc.

Nasdaq:MARA

MARA Rankings

#1050 Ranked by Market Cap
N/A Ranked by Dividends

MARA Stock Data

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