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Marathon Digital's Q2 2024 revenue increased by 78% to $145.1M, but the company reported a net loss of $199.7M due to fair market value adjustments. (Read More)
Marathon Digital missed estimates for the second straight quarter, citing this year's halving, rising hash rates, and equipment failures.
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.
Marathon Digital purchased $249 million of Bitcoin, expanding its corporate treasury to over 25,000 BTC. The Nasdaq-listed mining firm continues aggressively accumulating Bitcoin.
Marathon Digital Holdings (MARA) announces a proposed $250 million private offering of convertible senior notes to acquire bitcoin and for corporate purposes. (Read More)
Marathon Digital Holdings announces pricing of $250 million in oversubscribed convertible senior notes, primarily to acquire bitcoin and for general corporate purposes. (Read More)
Marathon Digital Holdings has taken a patriotic step by labeling all Bitcoin mined in the U.S. with a "Made in USA" stamp.
The market is tingling with sensation as Bitcoin touched the $60k mark this weekend. Marathon Digital Holdings has…
Marathon Digital's $250M convertible notes offering targets qualified institutional buyers.
Marathon Digital Holdings announced a $250 million private offering of convertible notes to expand its bitcoin holdings. The Bitcoin mining firm aims to mimic MicroStrategy's corporate bitcoin accumulation strategy.
The new raise is part of Marathons strategy to go full hodl and make Bitcoin a strategic reserve asset for the company.
Marathon Digital Holdings (MARA) released updates for June 2024, noting a 2% increase in operational hash rate and a total of 18,536 BTC in holdings. (Read More)
Marathon Digital said it aims to further strengthen its Bitcoin holdings through open-market acquisitions but may also sell to support operations in the future.
Legislation focuses on preventing illicit cryptocurrency activities while safeguarding consumer choice.
Bitcoin mining behemoth, Marathon Digital has made headlines by investing a staggering $100 million in BTC. This substantial investment comes despite BTCs previous price drops, underscoring the mining giants confidence in the long term potential of the pioneer cryptocurrency. MARA Buys $100 Million Worth Of BTC In a press release published on Thursday, July 25, MARA, (recently rebranded from Marathon Digital) announced that it has purchased an additional $100 million worth of BTC. This substantial Bitcoin investment marks a significant increase in MARAs already impressive Bitcoin holdings. Related Reading: Can Dogecoin Replicate Its 2021 18,000% Run? Heres What The Chart Says MARAs latest BTC acquisition has brought its balance sheet holdings to about 20,000 BTC, valued at approximately $1.3 billion. The Bitcoin mining companys total holdings now represent nearly 0.1% of BTCs maximum supply of 21 million BTC. Notably, MARAs substantial BTC purchase comes at a time when the crypto market is steadily recovering from previous bearish declines. Despite the constant fluctuations in BTCs price, MARA has taken advantage of recent declines to heavily invest in Bitcoin in order to facilitate its long term view of the crypto assets potential. At the time of writing, the price of BTC is trading at $68,031, marking a 1.4% increase in the last 24 hours and another 2.24% surge over the past seven days, according to CoinMarketCap. Based on current exchange rates and MARAs balance sheet holdings, it could be estimated that its recent acquisition totaled about 1,500 BTC. While MARA has not disclosed the specific average price at which it acquired the $100 million worth of BTC, the Bitcoin mining giant announced that it will be adopting a full Hold On For Dear Life (HODL) approach towards its Bitcoin treasury policy. Furthermore, Michael Saylor, co-founder and former Chief Executive Officer (CEO) of MicroStrategy, has commemorated MARAs latest Bitcoin purchase and its 20,000 BTC milestone. The popular Bitcoin billionaire has urged Marathon Digital to increase their holdings to 26,200 BTC, cleverly referencing the standard marathon distance of 26.2 miles. Bitcoin Mining Giant Unveils Full HODL Strategy MARA also announced its decision to adopt a full HODL strategy for its Bitcoin treasury, aiming to retain all the BTC mined during operations instead of selling it. Additionally, the company revealed that it will be periodically making strategic open market purchases to further increase its considerable holdings. Related Reading: Analyst Says XRP Remains Strongest Compared To Bitcoin And Ethereum, Heres Why Fred Thiel, MARAs chairman and CEO, emphasized the companys strong belief in BTCs long-term value, encouraging governments and corporations to consider BTC as a reserve asset. He elaborated that MARA sees Bitcoin as the best treasury reserve asset globally and supports the idea of sovereign wealth funds holding the pioneer cryptocurrency. Additionally, Salman Khan, MARAs Chief Financial Officer (CFO), revealed that the Bitcoin mining firm once held all of its Bitcoin. However due to recent market conditions, increased institutional interest and improving macro environment, MARA has decided to return a full HODL strategy. Featured image created with Dall.E, chart from Tradingview.com
Bitcoin miner Marathon Digital CEO Fred Thiel suggested that the firm could raise capital through convertible bonds to purchase more of the flagship digital asset in the future. This follows the firm’s recent purchase of $100 million worth of Bitcoin, raising its total holdings to over 20,000 BTC. Future purchases In a Telegram message to […]
The post Marathon Digitals CEO hints at potential Bitcoin buys through convertible notes appeared first on CryptoSlate.
Marathon Digital (MARA), one of the largest Bitcoin (BTC) mining companies, has recently announced a substantial acquisition of $100 million worth of Bitcoin. This significant purchase, detailed in a recent company statement, has increased Marathon’s Bitcoin holdings to over $1 billion at current prices, showing the company’s confidence in the future price appreciation of the [...]
The post Bitcoin Mining Giant Marathon Digital Makes Major $100M BTC Acquisition appeared first on Crypto Breaking News.
Marathon is changing its approach to its Bitcoin treasury policy and adopting a full HODL strategy.
Bitcoin miner Marathon Digital acquired $100 million worth of the flagship digital asset, boosting its total holdings to over 20,000 BTC, according to a July 25 statement. Bitcoin Treasuries data ranks Marathon as the second-largest Bitcoin-holding firm, while MicroStrategy remains the top public holder with over 220,000 BTC or 1.07% of the total supply. Meanwhile, the […]
The post Marathon Digital bucks trend, acquires $100 million in Bitcoin as others sell appeared first on CryptoSlate.
MARA is now focusing on growing the amount of BTC on its balance sheet.
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