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MARA Marathon Digital Holdings Options Ahead of EarningsIf you haven`t bought the dip on MARA: Then analyzing the options chain and the chart patterns of MARA Marathon Digital Holdings prior to the earnings report this week, I would consider purchasing the 26usd strike price Puts with an expiration date of 2024-6-21, for a premium of approximately $7.75. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. As you can see in the chart, I'm bearish short-term but bullish by the end of the year.
NASDAQ:MARAShort
by TopgOptions
6
$MARA Consolidation and Bullish ReversalAfter a substantial move down since the end of December 2023, NASDAQ:MARA has closed with a bullish hammer on the daily chart. This comes with the price meeting a previous consolidation level from Dec 1 - Dec 13, seeing a lot of buying pressure from the S&P reaching new highs on Friday last week, and the NASDAQ:MARA price finding support on the 200ma on the weekly chart. Looking at the daily chart, high (but declining) ATR, the RSI not being in oversold range, and the MACD not approaching a cross suggests that the price may consolidate for a while. The one thing that might drive the price down below the consolidation area is the market continuing higher, but retesting its previous weekly resistance, thus causing some selling pressure before NASDAQ:MARA can break out upwards. Bitcoin's behavior and associated news of course affects the price action, however the general sentiment about BTCUSD seems high as we approach the halfing event in April.
NASDAQ:MARA
by DHF82
46 by May 2024MARA has been accumulating for a long time now. We saw a sign of strength with the last pop to 31, and then a retest/higher low. Now its gearing up to markup to 46 by end of April 2024. - Breakout level is 21 - Initial target = 35-38 by early March 2024 (before earnings) - Watch out for possible resistance around 25-27, but should break through it easily - After initial target is hit we will see a small pullback before running to 46 (goal target) by May 2024. ~The black arrow/path is my forecast to initial target.
NASDAQ:MARALong
by JerryManders
20
Marathon Digital (MARA) Bucks Production Dip with 23% SurgeMarathon Digital Holdings Inc ( NASDAQ:MARA ) has defied expectations with a remarkable 23% surge in its stock value, despite a notable 42% decline in Bitcoin production for the month of January. The company's resilience in the face of adversity has captured the attention of investors, highlighting the enduring allure of the cryptocurrency market. The surge in Marathon's ( NASDAQ:MARA ) shares comes as Bitcoin, the bellwether of the digital asset space, inches closer to the $47,000 mark. This upward trajectory has catalyzed a broader rally in U.S. stock market crypto-related companies, underlining the symbiotic relationship between Bitcoin's price movements and the performance of associated entities. January's production figures for Marathon tell a tale of challenges and perseverance. Despite encountering weather-related disruptions and equipment failures leading to site outages, the company managed to mine 1,084 BTC. While this represents a substantial decline from December 2023 figures, the market's response underscores investor confidence in Marathon's ability to navigate adversity and capitalize on favorable market conditions. The positive momentum observed in Marathon's stock is reflective of broader trends within the crypto industry. Canaan Technology ( NASDAQ:CAN ), Bitdeer (BTDR), Coinbase ( NASDAQ:COIN ), and MicroStrategy ( NASDAQ:MSTR ) have all witnessed significant gains, buoyed by Bitcoin's ascent. This collective surge underscores the growing mainstream acceptance and adoption of digital assets as viable investment vehicles. Notably, the enthusiasm surrounding Bitcoin's price surge has been further bolstered by substantial trading volumes observed in spot Bitcoin exchange-traded funds (ETFs), exceeding $1 billion. Institutions such as BlackRock and Fidelity have emerged as key players in this arena, signaling a maturing market ecosystem and institutional confidence in the long-term viability of cryptocurrencies. Moreover, comments from Federal Reserve officials hinting at potential rate cuts later in the year have added fuel to the market's bullish sentiment. The prospect of looser monetary policy has enhanced the attractiveness of cryptocurrencies as a hedge against inflationary pressures, further driving investor interest in the digital asset space. In conclusion, Marathon Digital's ( NASDAQ:MARA ) resilience in the face of production challenges serves as a testament to the dynamism of the cryptocurrency market. Against a backdrop of macroeconomic uncertainties and operational hurdles, the company's ability to capitalize on Bitcoin's rally underscores the enduring appeal of digital assets as a lucrative investment avenue. As the landscape continues to evolve, Marathon's ( NASDAQ:MARA ) trajectory serves as a compelling case study in adaptability and opportunity within the burgeoning crypto ecosystem.
NASDAQ:MARALong
by DEXWireNews
$MARA Has Agreed to Pay Hut 8 A Termination Fee of $13.5 MilHut 8 Mining ( NASDAQ:HUT ) finds itself at the crossroads of change. The recent agreement with Marathon Digital marks a pivotal moment for Hut 8 ( NASDAQ:HUT ) as it prepares to relinquish operational control of two bitcoin mining facilities in Granbury, Texas, and Kearney, Nebraska. Marathon's willingness to pay a termination fee of $13.5 million underscores the significance of this transition, shedding light on the evolving landscape of the crypto mining sector. The story begins with Marathon Digital's acquisition of the mining sites from Generate Capital for a substantial $178.6 million. Despite the change in ownership, Hut 8 ( NASDAQ:HUT ) continued to manage operations under a pre-existing agreement with the former owner. This situation led to Marathon Digital paying a termination fee, a noteworthy development in the broader context of the crypto mining ecosystem. Operational Transition: The agreement dictates that by April 30, Marathon Digital will assume full operational control of the acquired sites, bringing an end to Hut 8's ( NASDAQ:HUT ) provision of managed services. The termination of Hut 8's $1.2 million monthly contract, with over four years remaining, represents a significant financial decision for both parties involved. Marathon's Perspective: Marathon Digital, with an eye on cost optimization, aims to reduce operating fees by taking direct control of the mining sites. By doing so, the company anticipates improving its production cost to mine bitcoin at these facilities. Marathon's Chairman and CEO, Fred Thiel, emphasizes the strategic advantages of owning and operating the assets directly, highlighting the potential for increased influence and operational efficiency. Hut 8's Response: Hut 8, on the other hand, acknowledges the contributions of its teams at the Kearney and Granbury sites and expresses confidence in an orderly transition of operations. President Asher Genoot recognizes the talent and dedication demonstrated over the past year, signaling a positive outlook for the company's future plans. As Hut 8 ( NASDAQ:HUT ) forgoes the lucrative $1.2 million-per-month contract, the company positions itself for potential strategic moves and developments in the evolving crypto mining landscape. Conclusion: The unfolding narrative surrounding Hut 8 Mining ( NASDAQ:HUT ) reflects the intricate dance of adaptation and strategic maneuvering within the cryptocurrency industry. As Marathon Digital takes the reins of operational control, both companies are poised for new opportunities and challenges. Investors and industry enthusiasts will be closely watching how Hut 8 ( NASDAQ:HUT ) navigates this transition, anticipating updates about the company's future plans and potential shifts in the crypto mining market.
NASDAQ:HUT
by DEXWireNews
Bitcoin Miners Update - CIPH, CLSK, MARA & RIOT Cleanspark Inc - NASDAQ:CLSK $1.5 Billion Market Cap ✅Trade remains open in 39% unrealized profit (average DCA of $5.85) ✅ The Volume on this chart is exceptional and really adds to my conviction. I may double down with another buy if we get down to the 200 day MA. 🚨 I have raised the stop from $4.50 turning it into a 23:1 risk reward. Raising as 23% below current 200 day MA is enough IMO. A lot people see the recent pull back as a reason to deleverage, this is where I trade differently, its a long term position. The short term volatility will either allow me to get another decent discount buy in or sink deep enough to cancel out the trade. This is how we can gain a full long term bullish trending move with exponential upside. The risk is 23% or not taking the risk and not remaining patient having taken it. Cipher Mining - NASDAQ:CIFR $0.83 billion market cap ✅Trade remains open in 9% unrealised profit ✅ Look at that volume increase. It’s a beautiful thing. It reassures us that there is significant green buying rushing into this stock & hints that we on the right side of the trade 🚨 I have raised the stop from $1.77 to $2.16 turning it into a 7:1 risk reward. - Raising the stop as there is plenty of support above it that should hold from recent lows, H&S baseline and diagonal support line. If all these are lost, cutting losses would be ideal. Like most of my trades, they require a little more patience and a distain for intermittent short term volatility. Marathon Digital - NASDAQ:MARA $4.22 Billion Market Cap ❌Our stop was triggered on the last trade at @ $7.66 with a notable 30% loss. Subsequently this was exactly were price bounced. The original position size was very small so its not end of the world stuff. In the end the stop was too high, we should have place it just a tad lower but…this happens and that’s trading. All the other trades are in profit and fully cater for this loss. Without these rules id be broke. I consider it a necessary loss. I didn’t want more than the 30% limit lost so, that was my risk tolerance for the position size. Onto the front foot what do we do next? ✅ I set a bid at $14.31 where i think we may get a bounce from the 200 day SMA ✅ You could enter right here for the potential head and shoulders baseline bounce. I could consider that but if but it would be watched like a day trade. I'll just see how tomorrow goes first. The bid is at $14.31 for now. 🚨 I am allowing for a 30% loss again with a stop @ $4.41 however I am starting with what was left after the last loss, 70% of my original position and I'll be watching this a lot closer. I actually love these trades because they teach you something, you realize the small position size and the 30% loss was within your tolerance, enough so that you can come back at the trade again and with exponential potential returns the prospect draws you in once again. The risk reward is there. Alternatively, you could just DCA into these and for years through thick and thin, BUT again, position size should be tolerable for you to patiently sit on your hands and let the trend take shape. Riot Platforms NASDAQ:RIOT $2.42 Billion Market Cap ▫️ No position open in RIOT yet as it appears to be the weaker of the charts we have looked at. ▫️ In our last post we noted volume is declining which is negative and the RSI was not yet oversold. We noted both of these could mean more sideways or price declining action. Since then we have actually increased and hold a 30% higher position from $9.13 - $11.73 however price is dropping fast and has not managed to break out of the pennant. I believe this demonstrates relative weakness to the other charts noted. ▫️ We are still forming midterm pennant (dashed lines). A break out of this pennant would be an a good signal on direction. ▫️ Strong Historic Price Support between $8.50 and the POC at $7.40 (green bar). If you were going to risk a trade here, Id be playing off the lower end with a tight stop. ▫️ We are falling below the 200 day SMA (Not Ideal with pennant over head resistance). Now don't get me wrong, RIOT will likely rise like the other miners, however at present NASDAQ:CLSK is showing significant relative strength having broken out of its pennant , well above its 200 day MA and sitting in 40% profit. On the contrary, we have strong support for NASDAQ:RIOT at c. $9.00 which could present an opportunity. We noted $8.50 as a good level last post, in the end price bounced from $8.61. We cant be too greedy. Summary The clear winner is Cleanspark NASDAQ:CLSK with a moderate market cap of $1.5 billion and a chart demonstrating relative strength with us sitting in approx. 40% profit. The MARA chart is demonstrating strength and may provide a great opportunity as instructed above however the market cap of $4.22 Billion clearly out sizes CLSK and may mean a slower rise or growth potential. MARA actually mined a record 1,852 BTC in Dec 2023 and have increased BTC Reserves have increased from 12,964 to 15,174 as of Dec 2023. Theses are incredible numbers. Tomorrow I will look at a comparison of how each of these miners are performing in terms of rigs active, reserves held and BTC being mined. PUKA
NASDAQ:CLSKLong
by PukaCharts
Short Squeeze Potential MARA ? heavily shorted stock $MARA. weekly time frame we have a head and shoulders and we just broke the neckline now coming back in to test it, the big IF is if it can now hold as support. lost momentum from the profit taking and sell the news plus going into 3 day weekend. we had a promising break (if you caught that move to 32, nice one) Esp off all the Bitcoin ETF news and now we have the sell the news profit taking etc right back to the break out. which was clear resistance multiple times if you look left. idk. its something I'll at least watch. any crypto news or catalyst can put this back in play. it really really needs to hold this area especially over 15 but i really don't want it to go past 17.50-18. but yeah, that's my thoughts something to watch, feels like its kinda late to the party and the move was made but the amount of shorts in this is interesting. id target 32. for hypothetical purpose past that it can get parabolic. 32 was about the measured move from the head and shoulders although this is log chart. also currently resting on the 9ema. im not 'thrilled' for this. just something to keep watch on. and i also want to post this so i can view it later. Cheers! 3 day weekend. try to enjoy it. lol
NASDAQ:MARA
by Jbridgez
Marathon Digital Holdings: Red day is as valuable as Green dayWhat is going on Team NASDAQ:MARA Let's review the 3M chart and go over this pullback. Yes, we have been here before Stocks go up, down, down, down, up, up, and up some more... Remember until my next video Above All and All-in-All; God Bless America J.R. Risk Disclaimer: 1. Past Performance is not indicative of any future performance. 2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything. 3. I can and will have a position in MARA anytime because I like the stock and company. 4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. 5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
NASDAQ:MARALong
by josericaurte.jaen
2
[Watch] MARA versus Bitcoin 6️⃣4️⃣| Year to date:(3,42%)What is going on Team NASDAQ:MARA Let's go over this chart 6M candles. The idea is to have a map and an idea of what is real and not doable. Can it move up 45$ in the next 6 months, yes it can because the asset did move that number before. Remember until my next video... Above All and All-in-All; God Bless America J.R. Jaén Risk Disclaimer: 1. Past Performance is not indicative of any future performance. 2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything. 3. I can and will have a position in MARA anytime because I like the stock and company. 4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. 5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
NASDAQ:MARALong
by josericaurte.jaen
[Watch] MARA versus Bitcoin 6️⃣3️⃣| Year to date:(3,42%)What is going on Team NASDAQ:MARA Thank your for those coins, still if you can help someone in need, please do so. There are so many sisters and brothers hungry, if you can help with some food, please do that. Thank and humble for your appreciation. RSI monthly view shares how far we are from any extreme overbought condition. Also, the powerful monthly 20EMA describes a change in character and now this trend is up for Marathon Digital Holdings. Lastly, MARA's Overview if you go to the All-Time is red 75% when that red goes green, then the ASYMMETRIC will be gone and yes, we might make money, but not crazy. Keep these notes close to your hearts... Remember until my next video... Above All and All-in-All; God Bless America J.R. Jaén Risk Disclaimer: 1. Past Performance is not indicative of any future performance. 2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything. 3. I can and will have a position in MARA anytime because I like the stock and company. 4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. 5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
NASDAQ:MARALong
by josericaurte.jaen
6
[Watch] MARA versus Bitcoin 6️⃣2️⃣| Year to date:(2,48%)What is going on Team NASDAQ:MARA I shared J.R.'s Roadmap and today I am sharing "The Map" Remember to take profits on the way up. I believe, You Believe, We Believe; go Team MARA Remember until my next video... Above All and All-in-All; God Bless America J.R. Jaén Risk Disclaimer: 1. Past Performance is not indicative of any future performance. 2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything. 3. I can and will have a position in MARA anytime because I like the stock and company. 4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. 5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
NASDAQ:MARALong
by josericaurte.jaen
4
Bearish Crab Visible on the Crypto/Blockchain ETFBLOK is an ETF aimed at holding many Crypto and Blockchain related stocks, some of its top holdings include COIN, MSTR, MARA, RIOT, and SBI Holdings. There was a time in late 2021 where it had topped out at the PCZ of a Bearish Gartley/Bat confluence zone depending on how you plotted it and it has since gone down over 66%, however in recent months, we've seen the price of the stock begin to recover as it has made a 38.2% Fibonacci retracement from the all-time high to the most recent lows. The original level it bounced from was the 0.886 of a Bullish Shark, however we may now see this shark turn into a Bearish 5-0 as the 0.382 aligns with the PCZ of a more local Bearish Butterfly and this could result in BLOK making a lower low and would overall be a more profitable and slightly indirect way to get bearish options positioning on Coinbase and Microstrategy without buying into the overpriced puts of the underlying assets. I will leave an link to the previous 2021 bearish setup on BLOK which resulted in the top for reference as well as a link to the bullish setup that has just played its course on COIN in the related ideas section below.
AMEX:BLOKShort
by RizeSenpai
Marathon Digital Holdings ($MARA) Financial ResilienceNavigating Bitcoin Volatility and Strategic Moves in 2024 Marathon Digital Holdings, Inc. ( NASDAQ:MARA ) finds itself at a critical juncture in the ever-evolving landscape of the cryptocurrency market. As the company contemplates another Bitcoin selloff following the sale of 704 BTC in December, investors are keenly observing Marathon's strategic moves to cover operating expenses and enhance liquidity in preparation for the next Bitcoin halving. Record-Breaking Production and Financial Resilience: Despite the recent 38% BTC sale, Marathon achieved a record-breaking production of 1,853 BTC in December 2023, showcasing a remarkable 56% increase from the previous month and an impressive 290% surge year-over-year. This not only underscores Marathon's mining prowess but also highlights its financial resilience in the face of market fluctuations. Operating Expense Coverage: The decision to sell 704 BTC, amounting to a substantial value, reflects Marathon's commitment to covering operating expenses. With an average BTC closing price of $42,546 in December 2023, the sale likely generated over $30 million, providing the company with a robust financial cushion. The move aligns with Marathon's dedication to maintaining a healthy balance sheet and strategic financial planning. Upcoming Acquisitions and Growth Targets: Looking ahead, Marathon is set to finalize the acquisition of two sites from Generate Capital in January 2024, totaling approximately $178.6 million. This signals the company's commitment to expansion and infrastructure development. Chairman and CEO Fred Thiel's vision for 2024 includes a targeted 30% growth in energized hash rate, with aspirations to reach an impressive 50 exahashes within the next 18 to 24 months. International Expansion and Venture Ventures: Marathon's global footprint is expanding, with progress reported in Abu Dhabi and a joint venture underway in Paraguay. The company's commitment to diversification and global partnerships positions it strategically in the ever-evolving crypto landscape. Additionally, the significant surge in transaction fee collection through MaraPool, accounting for 22% of BTC production in December 2023, showcases Marathon's ability to capitalize on emerging revenue streams. Bitcoin Market Dynamics: As Marathon navigates its strategic moves, the broader market dynamics of Bitcoin are playing a crucial role. The recent surge in Bitcoin prices, reaching $45,899.71, followed by a temporary pullback below $43,000, reflects the inherent volatility in the cryptocurrency market. Marathon's decision to optimize liquidity amidst such market fluctuations demonstrates a proactive approach to risk management. Conclusion: Marathon Digital Holdings ( NASDAQ:MARA ) stands at the intersection of innovation and market dynamics, with a robust financial performance, strategic acquisitions, and a commitment to global expansion. As Bitcoin continues to capture headlines with its price fluctuations, Marathon's proactive measures to optimize liquidity position it as a key player in the evolving cryptocurrency landscape.
NASDAQ:MARALong
by DEXWireNews
1
[Watch] MARA versus Bitcoin 6️⃣1️⃣| Year to date:(12,07%)What is going on Team NASDAQ:MARA Happy New Year 2024; Let's make great things happen for us and our families. I have a new structure to share with everyone of you. And my grandioso target in the first half of 2024: 60$ per share. Remember to take profits on the way up. I believe, You Believe, we Believe... Remember until my next video... Above All and All-in-All; God Bless America J.R. Jaén Risk Disclaimer: 1. Past Performance is not indicative of any future performance. 2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything. 3. I can and will have a position in MARA anytime because I like the stock and company. 4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. 5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
NASDAQ:MARALong
by josericaurte.jaen
[Watch] MARA versus Bitcoin 6️⃣0️⃣| Year to date:653,07%What is going on Team NASDAQ:MARA Let's go straight to business Please note where is our exit for that specific idea on MARA. I will keep updating J.R.'s 2024 (potentially 2025) Roadmap Keep your focus so you can make it happen. Breathe and flush those negative emotions. Remember until my next video... Above All and All-in-All; God Bless America J.R. Jaén Risk Disclaimer: 1. Past Performance is not indicative of any future performance. 2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything. 3. I can and will have a position in MARA anytime because I like the stock and company. 4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. 5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
NASDAQ:MARALong
by josericaurte.jaen
2
Marathon Digital #MARA Inverse Head and Shoulders. To over $100!Back in 21/22 Looking at the #Bitcoin miners helped me directionally to confirm the bear market. Now in 2023 we have the flip flop Miners exploded out of the bear market lows. Check Back, with a healthy retracement. Putting in higher lows. And now look ready to resume their climb higher. #Marathon is a great example. A leading name and company within in this sector. And is showing a potential inverse head and shoulder's The chart shows two targets Linear and Log. Log target suggests a #Bitcoin price that will trade over $100k --- The promised land. Will people's live actually be better with BTC @100K ??? Well, only if they are investing now... not buying above that magical mark obviously. :)
NASDAQ:MARALong
by BallaJi
8
Marathon's $178.6M Acquisition Supercharges Bitcoin Mining PowerMarathon Digital accelerates Bitcoin mining dominance with a $178.6M acquisition, doubling capacity, cutting costs by 30%, and preparing for 2024 halving. Marathon Digital Holdings has announced the acquisition of two Bitcoin mining sites for $178.6 million. This strategic purchase from Generate Capital is set to bolster Marathon’s mining capabilities considerably, especially in anticipation of the upcoming Bitcoin mining reward halving in 2024. Doubling Down on Capacity and Efficiency These newly acquired sites in Texas and Nebraska add a combined 390 megawatts to Marathon’s existing capacity. This expansion is not just about size; it’s also a leap towards greater operational control and efficiency. Previously, 97% of Marathon’s capacity came from third-party data centres. Post-acquisition, the company will own and operate 45% of its 910 megawatts, marking a significant shift towards greater autonomy. Cost-Effective Mining and Expansion Potential The deal is to reduce Marathon’s cost of mining a single Bitcoin by 30%, substantially improving profitability. The sites offer an immediate expansion potential with 82 megawatts of vacant capacity. Furthermore, as existing hosting clients vacate, Marathon plans to deploy additional equipment, aiming to double its operational hash rate to 50 exahashes in the next two years. Marathon Digital’s Prudence in Preparation for Halving Marathon’s approach to this expansion has been marked by financial prudence. The company’s Chief Financial Officer, Salman Khan, highlights the deliberate increase in cash and Bitcoin reserves while keeping debt low. This cautious fiscal strategy aligns with the company’s preparation for the Bitcoin mining reward halving event in 2024. Marathon’s strategic moves have been reflected in its financial performance. The company reported a 670% surge in year-on-year revenue for the third quarter of 2023. This growth translated into a substantial increase in Bitcoin production and a net income of $64.1 million for the quarter, as stated in their November 8 results filing.
NASDAQ:MARALong
by DEXWireNews