EXCLUSIVE: Marathon Digital CEO, Says 'At current prices most miner are still profitable post halving unless their fleet of rigs has an energy efficiency above 30J/TH'
Portfolio Pulse from Benzinga Newsdesk
Marathon Digital's CEO stated that most miners would remain profitable post-halving at current prices, provided their rigs have an energy efficiency below 30J/TH.

April 09, 2024 | 6:49 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Marathon Digital's profitability outlook remains positive post-halving, given their rigs' energy efficiency.
The CEO's statement directly impacts Marathon Digital by highlighting the company's potential to remain profitable post-halving, assuming their mining rigs are energy-efficient. This is crucial as the halving event typically reduces miners' rewards, making energy efficiency more important for maintaining profitability. Given the specificity of the statement regarding energy efficiency, it suggests that Marathon Digital is well-positioned in this aspect, which could lead to positive investor sentiment and potentially boost the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90