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Marathon Digital Ramps up Bitcoin Mining Goals, Targets 50 EH/s Hash Rate for 2024
26.4.2024
Marathon Digital plans to increase its 2024 hash rate target for Bitcoin mining from 35-37 EH/s to 50 EH/s, thanks to expanded capacity from recent acquisitions, aiming to more than double its mining operations without the need to raise additional capital. The company’s growth includes...
Bitcoin miner Marathon increases 2024 hash rate target to 50 EH/s
26.4.2024
If Marathon reaches its 50 EH/s target, it would mark more than a 100% increase in the firm’s hash rate since the start of 2024
Bitcoin Miners Reap Windfall as 'Runes' Debut Sends Transaction Fees to Record Highs
21.4.2024
The Bitcoin "halving" was supposed to dramatically chop revenue of bitcoin mining companies. Instead, the simultaneous launch of Casey Rodarmor's Runes protocol has ignited a flurry activity on the oldest and largest blockchain, driving up fees
Marathon CEO Says Bitcoin’s Upcoming Halving Event is Already Partially Priced In
10.4.2024
Bitcoin's highly anticipated "halving" event may already be partially factored into the market, according to the CEO of Marathon Digital Holdings Inc., the largest cryptocurrency miner in the United States.
The post Marathon CEO Says Bitcoin’s Upcoming Halving Event is Already Partially...
Marathon Digital Holdings Unveils ‘M’ Block Art on Bitcoin Blockchain
27.3.2024
Bitcoin miner Marathon Digital Holdings has crafted a block that prominently displays the letter “M” by carefully arranging transactions and fee rates within its mining pool. This novel approach introduces a creative twist to block creation in the blockchain realm. Despite this innovative step...
Bitcoin Mining Was More Profitable in February Than January: Jefferies
27.3.2024
Publicly traded North American mining companies produced a smaller share of new bitcoin last month, slipping to 17.5% of the total network, the report said
Marathon Digital CEO Warns of Challenges Ahead for Small Miners Post Bitcoin Halving
25.3.2024
Marathon Digital CEO Fred Thiel warned that smaller miners will face financial strain following the Bitcoin halving event in April.
The post Marathon Digital CEO Warns of Challenges Ahead for Small Miners Post Bitcoin Halving appeared first on Cryptonews
Bitcoin Year-End Price Target Raised to $90K at Bernstein
21.3.2024
Marathon Digital to take over Applied Digital’s data center
18.3.2024
Marathon Digital, one of the largest publicly traded Bitcoin miners, is set to take over Applied Digital’s 200 megawatt Bitcoin mining data center for almost $87M in cash payment. The data center is in Garden City, Texas, and uses renewable energy. For Marathon, it is the second such acquisition...
Marathon Digital Expands Bitcoin Mining Presence with Texas Acquisition
15.3.2024
On March 15, Applied Digital announced that it had concluded the sale of its 200-megawatt (MW) Bitcoin mining facility to Marathon Digital Holdings for $87.3 million. The second quarter of 2024 is the expected date of completion of the deal.
The post Marathon Digital Expands Bitcoin Mining Presence...
Marathon to Acquire Applied Digital’s 200 MW Texas Bitcoin Mining Site
15.3.2024
The Nasdaq-listed mining enterprise Applied Digital has concluded a definitive pact for selling its 200-megawatt (MW) mining facility in Garden City, Texas. Applied Digital disclosed that the transaction involves Marathon Digital Holdings acquiring the Garden City mining property for a sum of $87.3...
Marathon Digital Reports Record $387.5 Million Revenue in 2023, Marking a 229% Increase
29.2.2024
Marathon Digital, a prominent Bitcoin mining company based in the United States, has seen a remarkable surge in revenue in 2023, leading the company to achieve substantial profitability.
The post Marathon Digital Reports Record $387.5 Million Revenue in 2023, Marking a 229% Increase appeared first...
Bitcoin Price Prediction: Marathon’s Anduro Launch & ETF Boom; BTC to Target $69,000?
29.2.2024
Bitcoin surges to $61,400, fueled by Marathon Digital's Anduro launch, eyeing a historic peak beyond $69,000 amid record ETF trading volumes and Federal Reserve speculations.
The post Bitcoin Price Prediction: Marathon’s Anduro Launch & ETF Boom; BTC to Target $69,000? appeared first...
Bitcoin Miner Marathon's Sales Beat Fails to Impress Wall Street
28.2.2024
The company sold 56% of its mined bitcoin during the fourth quarter to fund operating costs
Bitcoin Miner Marathon's Shares Outperform Peers Ahead of Possible 'Strong' Earnings Report
28.2.2024
The miner is expected to report a "strong acceleration in Q/Q revenue growth" due to a rally in bitcoin prices, said a Jefferies analyst
Bitcoin Miner Marathon to Start 'Slipstream' to Make Complex BTC Transactions Faster
22.2.2024
The new offering will expedite the process of large and non-standard transactions
Crypto Stocks Rally Pre-Market as Bitcoin Tops $46K
9.2.2024
Bitcoin climbed over $46,000 for the first time in nearly a month early Friday, extending its gain for the week to nearly 10%
Marathon Digital Snaps Up Two Bitcoin Mining Sites From Hut 8 For $13.5 Million
2.2.2024
Marathon Digital will acquire two of Hut 8’s Bitcoin mining sites for $13.5 million under an agreement announced February 2 in a press release. Marathon Digital Buys Out Site Management Rights Top Bitcoin mining firm Hut 8 said in the release that it’s relinquishing Bitcoin mining sites...
Many Bitcoin Miners Struggle to Make Profits: Cantor Fitzgerald
26.1.2024
Bitcoin mining is getting less profitable as many publicly traded miners might face potential profitability challenges following the next Bitcoin halving event. According to a recent report by Cantor Fitzgerald, 11 major mining companies, including Marathon Digital (MARA), Riot Platforms (RIOT)...
Across-the-Board Crypto Stock Declines Erode Earlier Profit Streaks
13.1.2024
Although spot Bitcoin exchange-traded funds saw substantial trading activity on Thursday and Friday, publicly-listed crypto companies faced a different fate, with several equities experiencing significant losses when the market closed on Friday. For instance, Marathon Digital Holdings’ shares...