What's Going On With Bitcoin Mining Stock Marathon Digital?
Portfolio Pulse from Adam Eckert
Marathon Digital Holdings Inc (NASDAQ:MARA) is trading higher after a recent dip, driven by a rebound in Bitcoin prices and positive inflows into Bitcoin spot ETFs. The company is set to report its Q2 financial results on Aug. 1, with expected losses and revenue projections. Marathon's Bitcoin production decreased year-over-year, but its operational hashrate and total Bitcoin holdings have increased.
July 18, 2024 | 1:15 pm
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Marathon Digital shares are trading higher following a rebound in Bitcoin prices and positive inflows into Bitcoin spot ETFs. The company is set to report its Q2 financial results on Aug. 1, with expected losses and revenue projections. Marathon's Bitcoin production decreased year-over-year, but its operational hashrate and total Bitcoin holdings have increased.
The rebound in Bitcoin prices and positive inflows into Bitcoin spot ETFs are likely to drive short-term gains for Marathon Digital. The upcoming Q2 financial results could further impact the stock, especially if the results exceed or fall short of expectations.
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