Marathon Digital Holdings (MARA) Stock

The energized hash rate rose by 15% to reach 53.2 EH/s. The company has also increased its Bitcoin holdings to 44,893 BTC. For 2024, the Bitcoin yield per share is projected to be 62.7%.

Marathon Digital (MARA) has been getting a lot of interest from users on Zacks.com recently. Because of this, it's important to understand the factors that could affect the stock's future.

Marathon Digital (MARA) has received a Zacks Rank #2 (Buy), indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.

On December 12, 2024, Kuehn Law, PLLC, a law firm focused on shareholder litigation, is looking into whether some officers and directors of MARA Holdings, Inc. (NASDAQ: MARA) violated their responsibilities to shareholders. The investigation is focused on possible self-dealing activities.

Today, YieldMax introduced its latest ETF called the YieldMax MARA Option Income Strategy ETF (MARO). MARO aims to achieve two investment goals.

MARA Holdings is a leader in bitcoin mining and energy-efficient computing by using advanced technologies and making smart acquisitions to boost its computing power and save costs. Their growth in Ohio and unique energy solutions, such as two-phase immersion cooling, help lower expenses and increase efficiency. By keeping the Bitcoin they mine and using debt to acquire more, MARA is well-prepared for possible increases in Bitcoin prices.

The funds will mainly be used to buy bitcoin and to buy back existing convertible notes that are due in 2026. On December 4, 2024, MARA Holdings, Inc. (NASDAQ: MARA), a leading company in digital asset computing for energy transformation, announced the completion of its offering of 0.00% convertible senior notes due in 2031. The total amount raised from this offering was $850 million.

Lately, users of Zacks.com have been very interested in Marathon Digital (MARA). This interest prompts a closer look at what the stock might offer.

Fort Lauderdale, FL, Dec. 03, 2024 (GLOBE NEWSWIRE) -- MARA (NASDAQ: MARA) ("MARA" or the "Company"), a leading company in using digital asset computing for energy transformation, has announced a definitive agreement to buy a wind farm in Hansford County, Texas. This wind farm has a connection capacity of 240 MW and a nameplate capacity of 114 MW. This acquisition is a significant move for MARA as it aims to turn underused sustainable resources into economic benefits, lower energy costs, and promote the use of renewable energy.