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Tag Archives: marathon digital

Bernstein: Bitcoin Mining Difficulty Drops 6% Last Week, Biggest Fall since December 2022

CoinspeakerBernstein: Bitcoin Mining Difficulty Drops 6% Last Week, Biggest Fall since December 2022 Be­rnstein re­port states that the decline­ in difficulty is due to the combination of lower Bitcoin price­s and a significant increase in mining equipme­nt costs since the last Bitcoin halving in May 2020. Bernstein: Bitcoin Mining Difficulty Drops 6% Last Week, Biggest Fall since December 2022

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Bitcoin Miner Marathon Digital Misses Revenue Expectations Due to Production Setbacks

Marathon Digital, a Bitcoin mining company, fell short of revenue expectations set by Wall Street analysts in the first quarter 2024 report. The firm cited adverse weather conditions and equipment malfunctions as contributing factors to the lower-than-expected performance. Marathon Digital Faced Production Setbacks Despite a year-on-year revenue growth of 223% to $165.2 million, as disclosed on May 9, the company’s performance still trailed the projected estimate of $193.9...

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Marathon Digital Reports Revenue Increases of 452%

U.S.-based Bitcoin mining behemoth Marathon Digital has published its quarterly earnings report and has beaten analyst predictions by a good margin. Paradoxically, Marathon’s stock price dipped shortly after the announcement. This is, however, likely a temporary blip. Stunning Financial Results Although Marathon Digital was not necessarily in trouble last year, the crypto winter definitely put a bit of a damper on its plans, as did the SEC, who targeted the firm among a slew...

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Bitcoin Miner Marathon Digital (MARA) Stock Tops US Trading Charts

Marathon Digital and Riot Platforms, sensing the potential for increased demand, have made strategic moves to fortify their positions in the market. In the last 24 hours, Marathon Digital Holdings Inc (NASDAQ: MARA) has witnessed a remarkable 105 million shares in trading volume, surpassing established blue-chip stocks such as Tesla Inc (NASDAQ: TSLA), Apple Inc (NASDAQ: AAPL), and Amazon.com Inc (NASDAQ: AMZN), according to data from Yahoo Finance. Marathon Digital Shares Records Rising...

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Marathon Digital (MARA) Stock Surges Over 628% YTD amid Significant Drop from ATH

Recent reports demonstrate that Marathon Digital has been eager to expand its business. The stock of Bitcoin mining company Marathon Digital Holdings Inc (NASDAQ: MARA) has so far seen remarkable growth in 2023. This follows after it surged 628.82% since January 1 to bring its current price to $26.47 on MarketWatch. Although the stock price shows a major decline from its all-time high of $166.40, it also indicates an appreciable gain over the last 12 months. The rise of MARA, however,...

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Crypto Stocks Down during Pre-market Hours as BTC Price Drops to $41K

With the Bitcoin mining landscape gaining steam, the competition is heating up and the most positioned miners will be the biggest beneficiaries moving forward. Today the price of Bitcoin (BTC) is down. The major crypto asset is treading below $41,000 this morning. The main crypto stocks in the pre-market are also in the red zone. Coinbase Global Inc (NASDAQ: COIN) is down 3% and is trading at around $143. MicroStrategy Inc (NASDAQ: MSTR) stock is down over 3%, trading at $551. Marathon...

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