MARA Holdings stock (NASDAQ: MARA), a Bitcoin mining company, was up nearly 40% in a month. The company is seeing an improvement in mining capacity and the rising Bitcoin price is bolstering its stock price growth.
Mara Holdings (MARA -6.53%) is going all-in on the world's top cryptocurrency, and many investors aren't happy about it. The company's stock closed Monday almost 7% lower following news that it would aggressively pursue more Bitcoin (BTC -1.64%) mining and purchasing, fueled partially by a new round of capital raising.
Bitcoin's (BTC) recent rally, peaking at $99,655, has reignited enthusiasm for cryptocurrency-linked stocks. Despite failing to breach the $100,000 milestone, President-elect Donald Trump's pro-crypto regulatory stance following his re-election on November 5 has triggered bullish sentiment in the market.
Recently, Zacks.com users have been paying close attention to Marathon Digital (MARA). This makes it worthwhile to examine what the stock has in store.
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.
Mara Holdings (MARA) stock's post-election rally slowed Wednesday after the Bitcoin (BTCUSD) mining company's third-quarter results missed estimates.
Bitcoin BTC/USD miner MARA Holdings, Inc. MARA shares are trading lower on Wednesday. Analysts expressed views on third-quarter earnings reported yesterday.
Mara Holdings (MARA) stock's post-election rally slowed Wednesday after the Bitcoin (BTCUSD) mining company's third-quarter results missed estimates.
MARA's stock falls as J.P. Morgan recommends selling in wake of the bitcoin miner's quarterly results.
Bitcoin (BTC) is up about 25% since the presidential election on November 7. The headline stories will focus on the fact that BTC is hitting new all-time highs on a regular basis.
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.