Why is MARA stock in news among crypto enthusiasts ahead of Bitcoin halving?

Why is MARA stock in news among crypto enthusiasts ahead of Bitcoin halving?
фото показано с : invezz.com

2024-4-5 11:56

Marathon Digital (NASDAQ: MARA) has been gaining attention among crypto enthusiasts and investors alike, especially with the anticipation surrounding the upcoming Bitcoin halving event.

As Bitcoin (BTC-USD) continues its upward trajectory, investors are exploring various avenues to capitalize on the rally, and MARA stock has emerged as a prominent contender in this regard.

Why is MARA stock in the news?

Marathon Digital stands out as one of the most active and ambitious Bitcoin miners in the United States.

With a focus on Bitcoin mining, the company offers prime exposure to the cryptocurrency market, albeit with a high degree of volatility.

Analysts have projected a bullish outlook for Bitcoin, foreseeing a price surge to $90,000, which could potentially catapult Marathon Digital stock to new heights.

Recent reports from Bloomberg indicate that Bitcoin miners, including Marathon Digital, are experiencing record-high daily revenues.

However, it’s important to note that the fortunes of Bitcoin miners like Marathon Digital are closely tied to the performance of Bitcoin itself.

But fluctuations in MARA stock are big

In times of “cryptocurrency winter,” characterized by declining Bitcoin prices, mining companies may face diminished investor interest and downward pressure on their stock prices.

This explains the significant fluctuations witnessed in MARA stock over the past two years, ranging from highs of $30 to lows of $3.

Despite the inherent volatility, Marathon Digital offers certain mitigating factors that bolster investor confidence.

Source: TradingView Marathon Digital’s mining infra in focus

The company reported profitability, with earnings of 74 cents per share in the fourth quarter of 2023, surpassing analysts’ expectations.

This profitability is further supported by Marathon Digital’s substantial investments in mining infrastructure and strategic acquisitions, such as the recent agreement to purchase a Texas-based Bitcoin mining data center from Applied Digital.

Although the acquisition of the data center entails financial risk, Marathon Digital’s robust financial position, with ample cash reserves and significant Bitcoin holdings, provides a measure of stability.

With a nameplate capacity of 200 megawatts, the data center is poised to enhance Marathon Digital’s mining capabilities and bolster its position in the crypto-mining industry.

The post Why is MARA stock in news among crypto enthusiasts ahead of Bitcoin halving? appeared first on Invezz

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bitcoin mara enthusiasts halving crypto stock among

Источник: invezz.com

bitcoin mara → Результатов: 29


Marathon добыла за первый квартал 1258 BTC

За первый квартал 2022 года американская майнинговая компания Marathon Digital Holdings добыла 1258,6 BTC. Это на 556% больше, чем за аналогичный период предыдущего года. $MARA's March 2022 #Bitcoin Production Update- Record 1,259 #BTC in Q1 2022, ⬆️ 566% y-o-y & ⬆️ 15% from Q4 2021- Total BTC holdings = 9,374 BTC #HODL - Hash rate ⬆️ 14% from Q4 2021- Miners expected to be energized in the coming weekshttps://t.

2022-4-6 18:22


Фото:

Marathon приобрела у Bitmain биткоин-майнеры на $120,7 млн

Котирующаяся на Nasdaq майнинговая компания Marathon Digital Holdings договорилась с Bitmain о покупке 30 000 Antminer S19j Pro. Сумма сделки составила $120,7 млн. "Increasing our percentage of the total network’s hash rate increases our probability of earning #Bitcoin and given the uniquely favorable conditions in the current #mining environment, we believe it is an opportune time to add new miners " @fgthiel $MARA https://t.

2021-8-3 17:02


Marathon объявила о поддержке обновления Taproot в сети биткоина

Американская компания Marathon Digital Holdings объявила о поддержке майнинговым пулом MaraPool обновления Taproot в сети первой криптовалюты. $MARA @MarathonDH CEO @fgthiel comments on migration to standard #bitcoin core 0.

2021-6-1 20:08


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