Marathon Digital HoldingsNASDAQ: MARA

Back in 2021, growth stocks had skyrocketed. One reason for the rally was easy money policies and as interest rates increased, growth readjustments translated into correction for some of the best growth stocks.

Bitcoin mining stocks are under intense pressure as the BTC price continues its remarkable collapse. Marathon Digital (MARA) stock price dropped by more than 2.7% on Monday while Riot Platforms (RIOT) crashed by over 3.56%.

In the closing of the recent trading day, Marathon Digital Holdings, Inc. (MARA) stood at $20.66, denoting a +1.87% change from the preceding trading day.

Marathon Digital (MARA) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.

Zacks.com users have recently been watching Marathon Digital (MARA) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Fort Lauderdale, FL, June 05, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA ) ("Marathon" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today published unaudited bitcoin (“BTC”) production and miner installation updates for May 2024.

Marathon Digital Holdings ( MARA ) is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. I recently told my investor group to buy MARA under $20 before the infamous "Bitcoin Halving" on April 20 because I believed that all the pessimism had been discounted since the stock had just fallen nearly 50%.

Meme stocks were big wealth creators for retail investors during the euphoric rally of 2021. Price-action in some stocks in the recent past might indicate that the meme stock season is returning.

Sure, you can buy a spot Bitcoin ( BTC-USD ) exchange-traded fund, but here's a much more interesting idea: Marathon Digital (NASDAQ: MARA ) is a premier crypto miner with impressive financials. As you learn more about the company, you'll see why Marathon Digital stock is a prime pick for Bitcoin aficionados.