What's Going On With Bitcoin Mining Stock Marathon Digital Wednesday?
Portfolio Pulse from Adam Eckert
Marathon Digital Holdings Inc (NASDAQ:MARA) reported a 5% increase in Bitcoin production for September, mining 705 BTC. The company also increased its hash rate by 5% and aims to reach 50 EH/s by year-end. Marathon remains committed to environmental transparency, submitting a disclosure to the Climate Disclosure Project.
October 02, 2024 | 1:04 pm
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Marathon Digital reported a 5% increase in Bitcoin production and hash rate for September. The company is on track to reach its hash rate target by year-end and has committed to environmental transparency.
The increase in Bitcoin production and hash rate indicates operational efficiency and growth potential, which is positive for MARA's stock. The commitment to environmental transparency may also attract ESG-focused investors.
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