Marathon Digital Holdings Inc., on Thursday, revealed that it has over $80 million of exposure to crypto mining data centre firm Compute North Holdings Inc, which filed for bankruptcy protection in th...
Tag: Marathon
Marathon Digital Mined Twice as Much BTC in September Compared to August
The leading cryptocurrency mining company – Marathon Digital – mined 360 BTC during September, which is a significant improvement compared to the 184 BTC produced in August. The company’s total bitcoi...
Marathon Digital invested over $30 million in bankrupt Compute North
Bitcoin (BTC) miner Marathon Digital has disclosed it invested $10 million in convertible preferred stock and $21.3 million in unsecured senior promissory notes in bankrupt crypto firm Compute North, ...
Marathon Reveals $80M in Total Exposure to Bankrupt Data Firm
Marathon Digital Holdings has more than $80 million exposed to recently bankrupt Compute North Marathon previously installed 40,000 mining machines in Compute North’s wind-powered Texas mining site, o...
How good is Marathon Digital stock as crypto continues to whipsaw?
Marathon Digital Holdings, Inc. (NASDAQ:MARA) has oscillated between $10-$20 for some months now. The stock touched a low of below $5 at the start of July. Although trading higher at $12, Marathon Dig...
Marathon Oil Has the Stamina to Run Even Higher
Marathon Oil (MRO) looks like it is “off to the races” again as it has surged sharply higher in recent days. Let’s check the charts and indicators to see if we need to jump in now or...
Bitcoin Miner Marathon Digital’s Shares Downgraded After Compute North Files for Bankruptcy Protection – Bitcoin News
Bitcoin mining firm Compute North filed for Chapter 11 bankruptcy protection in Texas on Thursday as the crypto winter continues to put pressure on crypto mining operations. The bankruptcy petition fi...
Bitcoin Miner Marathon Digital Downgraded at BTIG on Headwinds From Compute North’s Bankruptcy
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Marathon Digital CEO Urges to Incentivize Bitcoin Miners for Embracing Renewable Energy
Fred Thiel, the Chief Executive Officer of Bitcoin mining firm Marathon Digital, has called on the Federal Government to incentivize miners to embrace renewable energy options to mine their cryptocurr...
This Is How Marathon Digital Performed in August
The Las Vegas-based cryptocurrency miner – Marathon Digital Holdings – steadily improved its bitcoin production levels in August, mining 184 BTC. It also successfully energized 25,000 of its previousl...
Marathon Digital Generated 184 BTC in Aug, Total Holding 10,311 BTC
Marathon Digital stated that as of August 31, 2022, it holds 10,311 BTC, with a total value of $206.7 million, and produced 184 BTC in that month. The crypto mining company also said it increased the ...
Marathon Digital Energized 25,000 Miners in August, Produced 184 Bitcoins
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I prefer Pioneer Natural Resources over Marathon Oil
Marathon Oil: “Marathon Oil is good, but why not own one of these with a giant dividend? How about Pioneer? Pioneer has the largest dividend in the S&P, and that’s my one. That’s...
Investment bank Cowen Lowers its Revenue for BTC Miner Marathon Digital Holdings
Following weak second-quarter results, investment bank Cowen reduced its revenue, adjusted EBITDA, and mining margin projections for Marathon Digital Holdings (MARA), a bitcoin (BTC) miner. In additio...
Bitcoin Miner Marathon Digital Targets Trimmed at Cowen
Reflecting those disappointing Q2 results, the Cowen team lowered its 2022 revenue estimate for Marathon to $150 million from $204 million, now below consensus forecasts for $189 million. Cowen also d...
What Did US Lawmakers Ask Miners Core Scientific, Riot, Marathon & Stronghold?
The four biggest US-based mining operations – Core Scientific, Marathon Digital Holdings, Riot Blockchain, and Stronghold Digital Mining – got a letter from the House Committee On Energy and Commerce....
Hummus x the Metis Marathon, It’s Official Now!
Hummus has joined the Metis Marathon, a builder incentive program that is scheduled to conclude after 26 weeks. The objective is to accelerate the growth of the DeFi ecosystem of Metis. It is a part o...
Marathon Digital Published Its $192 Million Net Loss in Q2
Marathon Digital, a crypto miner, has suffered a net loss of around $192 million in the second quarter. The company stated on Monday that it is mainly because of the BTC’s declining price. While the l...
Energy, weather problems helped push bitcoin miner Marathon to $191.6 million net loss
Bitcoin miner Marathon saw a net loss of $191.6 million in the second quarter of 2022, a significant jump from a $13 million net loss in the first quarter. Revenues fell 51.8% to $24.9 million. The co...
Marathon Digital Posts Negative Q2 Results, but Increases Bitcoin Production 8% YoY – Mining Bitcoin News
Marathon Digital, one of the biggest mining companies in the Bitcoin ecosystem, has posted its financial results corresponding to the second quarter of the year. The company revealed that even having ...
Marathon Digital Says Generated 707 BTC with YoY Increase of 8% in 2022 Q2
Marathon Digital Holdings, Inc. announced its July 2022 operational update on Aug 8, revealing that the cryptocurrency mining firm had mined 707 bitcoins, an increase of 8% year-over-year in the secon...
Bitcoin Miner Marathon to Start Energizing Texas Rigs at Compute North Facility
Compute North has now energized 40 megawatts (MW) of a 280MW wind-powered facility in Upton County in West Texas, according to the Monday earnings release. Marathon will be the exclusive client of thi...
Crypto Miner Marathon Digital Posts $192M Net Loss in Q2
Marathon produced 707 bitcoins in the second quarter, a 44% decrease from the prior quarter The miner’s stock price closed at $14.43 on Monday — up about 1.8% for the day Cryptocurrency miner Marathon...
Bitcoin miner Marathon secures additional $100 million loan
Marathon closed a deal for a $100 million loan from Silvergate Bank collateralized by bitcoin, a move that comes as other miners have sold bitcoin in an effort to pay down their debts. The company als...
Marathon Digital Refinances $100m Credit Facility from Silvergate Bank
Marathon Digital Holdings, Inc., a major US enterprise Bitcoin mining firm, announced on Monday that it has secured another $100 million line of credit from Silvergate Bank backed by Bitcoin (BTC). I...
Marathon Doubles Loan Borrowing Capacity to $200M as Mining Rigs Sit Idle
The firm has 29,640 bitcoin mining rigs waiting energization in in West Texas, it said in the update. This is largely because hosting firm Compute North’s energy provider is waiting for federal ...
Bitcoin Miner Marathon Strikes Power Deal; Electric Carmaker Faraday Deflates As Short Squeeze Ends
Marathon Digital uses powerful computers like these to mine for bitcoin in datacenters and supercharged its operations with an agreement this week. Getty The U.S. stock market is heating up with the d...
Bitcoin miner Marathon secures new 200-megawatt hosting deal
Bitcoin miner Marathon closed a deal with hosting provider Applied Blockchain that will secure the company at least 200 megawatts of energy capacity, with the option to increase it to 270 megawatts. T...
Marathon Nears its Bitcoin Hash Rate Target by Increasing its Mining Capacity
The data center of the bitcoin miner Marathon Digital – Applied Blockchain – secured around 254 megawatts of new hosting power for the company’s operations, and it could boost the supply to 324 megawa...
Marathon secures 254 Megawatts for its mining needs
The bearish market and increasing regulations are some of the main reasons Bitcoin mining has suffered. Marathon Digital Holdings, one of the leading names in the Bitcoin mining industry, has been no ...
Bitcoin Miner Marathon Entered Various Deals – Hoping to Secure Planned Hashrate
Marathon Digital anticipates to increase its hashrate by 2023. Marathon Digital Holdings had targeted to reach a hashrate guidance of 23.3 exahash per second or EH/s. The Bitcoin miner had planned to ...
Marathon Secures 254 Megawatts to Bolster Company’s 2023 Bitcoin Mining Goals – Mining Bitcoin News
The bitcoin mining operation Marathon has announced the company has secured 254 megawatts of new hosting deals with the option to increase to 324 megawatts (MW). Marathon’s latest expansion deals shou...