Marathon Digital Holdings shares are trading higher after the company announced it entered into a definitive purchase agreement to acquire two Bitcoin mining sites for $178.6 million.
Portfolio Pulse from Benzinga Newsdesk
Marathon Digital Holdings has entered into a definitive purchase agreement to acquire two Bitcoin mining sites for $178.6 million, causing its shares to trade higher.
December 19, 2023 | 4:11 pm
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Marathon Digital Holdings' shares are trading higher following the announcement of acquiring two Bitcoin mining sites for $178.6 million.
The acquisition of the two Bitcoin mining sites is a significant expansion move for Marathon Digital Holdings, which is likely to be viewed positively by investors. This strategic investment could enhance the company's mining capabilities and future revenue potential, thus the positive short term impact on the stock price.
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IMPORTANCE 85
RELEVANCE 100