Marathon Digital Holdings Inc. MARA, a key player in the digital asset and cryptocurrency mining space, has been on a roller-coaster ride. While the stock is down 18.49% year-to-date, it has surged 75.99% over the past year, making it a favorite among investors looking for exposure to the blockchain ecosystem.
Given the recent fall in Marathon Digital (MARA) shares, we evaluate the stock's current position to determine how to play it now.
Marathon Digital (MARA) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The downtrend that started a month ago in Marathon Digital Holdings, Inc. MARA may have ended. It has broken the downtrend line.
Shares of Marathon Digital Holdings Inc. MARA, -2.07% dropped 3.9% in premarket trading Monday, after the cryptocurrency miner announced plans for a $250 million convertible debt offering. The notes, which will mature in September 2031, will be convertible to cash, Marathon common stock or a combination of both.
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.
Marathon Digital's Q2 2024 revenues of $145.1 million missed expectations, and were much lower than the previous quarter's $165.2 million. Despite increasing hash rate, the company's cost per Bitcoin mined has doubled, making it more expensive than buying Bitcoin directly. Bitcoin's future looks promising with potential price increases, but investing in Bitcoin itself or a Bitcoin ETF may be more profitable than owning Bitcoin miners like Marathon Digital.
Marathon Digital Holdings, Inc. (NASDAQ:MARA ) Q2 2024 Earnings Conference Call August 1, 2024 5:00 PM ET Company Participants Robert Samuels - VP, IR Fred Thiel - Chairman & CEO Salman Khan - CFO Conference Call Participants Reggie Smith - J.P. Morgan Tyler DiMatteo - BTIG Lucas Pipes - B.
Marathon Digital Holdings, Inc. (MARA) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.13 per share a year ago.
Marathon Digital (NASDAQ: MARA ) stock is in the news Friday after the crypto mining and holding company bought more Bitcoin ( BTC-USD ). Marathon Digital has purchased another $100 million worth of BTC.
The latest trading day saw Marathon Digital Holdings, Inc. (MARA) settling at $20.28, representing a -1.89% change from its previous close.
Marathon Digital (MARA) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.