Marathon Digital Holdings (MARA) Stock

I support the CEO's decision to avoid independent AI/HPC hosting, reducing risks tied to low margins and rapid tech obsolescence once hyperscalers fully deploy their infrastructure in 2026. The company's energy strategy, converting flared gas to electricity, significantly reduces power costs to 1 cent per kWh, aiming for over 1 GW capacity of low-cost energy. Recent acquisitions and facility upgrades are expected to increase computing power by 70% by late 2025, with potential operational cost reductions using its 2PIC tanks.

Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 Fort Lauderdale, FL, Nov. 18, 2024 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today announced the pricing of its offering of $850 million aggregate principal amount of 0.00% convertible senior notes due 2030 (the “notes”). The notes will be sold in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).

Proceeds to be used primarily to acquire bitcoin, repurchase existing convertible notes due 2026 and for general corporate purposes

Mara Holdings (MARA) stock's post-election rally slowed Wednesday after the Bitcoin (BTCUSD) mining company's third-quarter results missed estimates.

Mara Holdings (MARA) stock's post-election rally slowed Wednesday after the Bitcoin (BTCUSD) mining company's third-quarter results missed estimates.

MARA Holdings, Inc. (NASDAQ:MARA ) Q3 2024 Earnings Conference Call November 12, 2024 5:00 PM ET Company Participants Robert Samuels - Vice President, Investor Relations Fred Thiel - Chairman & Chief Executive Officer Salman Khan - Chief Financial Officer Conference Call Participants Kevin Dede - H.C. Wainwright Operator Greetings.

Marathon Digital Holdings, Inc. (MARA) came out with a quarterly loss of $0.38 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.05 per share a year ago.

Fort Lauderdale, FL, Nov. 11, 2024 (GLOBE NEWSWIRE) -- MARA  (NASDAQ:  MARA ) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today announced the addition of approximately 372 megawatts of owned and operated compute capacity across three sites in Ohio. These additions include the acquisition of two data centers offering a combined 222 megawatts of interconnect-approved capacity and the development of a third, greenfield data center, which is expected to add 150 megawatts of compute capacity upon completion.

There were numerous positive developments driving the sector higher in recent days.