The company in June saw a 25% decrease in blocks won mostly due to weather-related curtailments.
The rise in profitability was driven by a 20% increase in the bitcoin price, while the hashrate rose only 3.5%, the report said.
Compass Point slashed Marathon’s price target to $9.50, warning of dilution and premium bitcoin exposure.
The company, which has the second-largest bitcoin stash among publicly-traded companies, could use the funds to finance further BTC acquisitions.
Grayscale has introduced a new crypto-related investment product focused on the Bitcoin mining sector, according to a Jan. 30 statement shared with CryptoSlate. The new product is called the Grayscale Bitcoin Miners ETF and is designed to track the performance of Bitcoin mining companies. The fund trades under the ticker MNRS on the New York Stock […]
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Marathon Digital, a prominent Bitcoin mining company, has immortalized incoming US President Donald Trump on the blockchain network of the flagship digital asset. On Jan. 17, Marathon Digital CEO Fred Thiel detailed the creation of the “Trump 47” block on social media platform X, saying: “The ‘Trump 47’ block was composed with AI to form […]
The post Donald Trump image inscribed on Bitcoin blockchain by Marathon Digital appeared first on CryptoSlate.
Mining profitability increased last month as the rally in bitcoin outpaced the increase in the network hashrate, the report said.
The bitcoin miner holds 44,893 BTC on its balance sheet, it said in a production report.
Marathon Digital Holdings is redefining the narrative around Bitcoin mining by repurposing its excess heat to benefit communities in Finland. In a Dec. 20 statement on X, the company said it provides heating for approximately 80,000 residents through a forward-thinking approach that merges innovation and environmental responsibility. This success builds on a pilot project launched […]
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It’s beginning to look like a race as miners scramble to buy Bitcoin before the price keeps rallying.
November was a strong month for the miners as the rally in bitcoin outpaced the rise in the network hashrate, the report said.
The increases partly reflect a “HODL premium” akin to MicroStrategy’s, the analysts said.
Despite announcing a strategic Bitcoin purchase plan, Riot Platforms’ shares fell nearly 10%. At the market opening on Dec. 9, the miner stock dropped by 7.1% to $12.03, reflecting a broader decline in crypto-related equities such as Coinbase, Marathon Digital, and CleanSpark, as reported by Yahoo Finance. This contrasts with the broader crypto market’s upward […]
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Inscriptions project OrdinalsBot minted what it says is the largest ever file on Bitcoin: The last in a collection of 1,500 "Pizza Ninjas."
Marathon Digital reported a record performance in its Bitcoin mining operations for November amid its ongoing commitment to acquiring the top crypto asset for its reserves. In a Dec. 2 statement, the company revealed that its BTC production rose by 26% month-over-month to 907 BTC. Additionally, its energized hash rate surged 15% to reach 46.1 […]
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MARA Holdings urged the US government to be more aggressive in securing positions in Bitcoin and Bitcoin mining.
Bitcoin celebrates 12 years since its first halving event, with block rewards shrinking to 3.125 BTC and miners adapting to higher difficulty amid rising prices.
According to Bitcoin-only financial services firm River, 62 publicly traded companies use a Bitcoin treasury strategy as of November 2024.
MARA Holdings says there will soon be a heated race among nations to gather Bitcoin, and the US needs to step up its game.
This week’s Crypto Biz features MicroStrategy’s Bitcoin strategy, Coinbase’s and Kaiko’s recent acquisitions, MARA’s third-quarter earnings, and MoonPay’s new fiat gateway.
Two of the largest public Bitcoin miners — Marathon Digital and Riot Platforms — recorded their highest monthly Bitcoin production since the April halving event, despite the industry’s ongoing challenges with rising mining difficulty. On Nov. 4, Marathon Digital announced that it boosted its Bitcoin production by 2% to 717 BTC in October, marking its strongest […]
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Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said.
A group of more than two dozen residents from Granbury, Texas, has filed a lawsuit against Marathon Digital Holdings, a major crypto miner firm, citing the excessive noise and vibrations from its local Bitcoin mining facility. According to the residents, the crypto mining site, located near their homes, has caused significant disruptions to their daily […]
BTC miners are struggling to adapt to a post-halving environment.
Bitcoin miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck.
August will be a more difficult month for the miners as the price of bitcoin has dropped about 5% while the network hashrate has started to grow again, the report said.
Marathon’s latest 4,144 Bitcoin buy comes after boss Fred Thiel said the company was adopting a “hodl strategy” for the cryptocurrency in July.
Marathon Digital Holdings, Inc. (NASDAQ: MARA), the world’s largest public listed Bitcoin miner with a market cap of more than $5 billion, has announced a strategic financial initiative to bolster its Bitcoin holdings through the issuance of $250 million in convertible senior notes. Thus, Fred Thiel, Chairman and CEO of Marathon Digital is adopting a […]
The new raise is part of Marathon’s strategy to go “full hodl” and make Bitcoin a strategic reserve asset for the company.
The miner said its adjusted EBITDA swung to loss, compared to previous quarter's profit.