Streetbeat News

MARA

Marathon Digital Holdings, Inc.

https://www.marathondh.com

Industry

Financial - Capital Markets

Marathon Digital Holdings, Inc. operates as a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets in United States. As of December 31, 2021, it had approximately 8,115 bitcoins, which included the 4,794 bitcoins held in the investment fund. The company was formerly known as Marathon Patent Group, Inc. and changed its name to Marathon Digital Holdings, Inc. in February 2021. Marathon Digital Holdings, Inc. was incorporated in 2010 and is headquartered in Las Vegas, Nevada.

Open

18.90

Mkt cap

5.7B

Volume

49M

High

19.55

P/E Ratio

21.46

52-wk high

34.09

Low

18.75

Div yield

N/A

52-wk low

8.84

Today's session highlighted significant options activity in the Information Technology sector, with notable movements in stocks like NVDA, AAPL, QCOM, SNOW, AMD, PLTR, WOLF, ACN, MARA, and ORCL. The activity ranged from neutral to bullish and bearish sentiments, involving both call and put options with various expiration dates and strike prices. This options activity could indicate traders' expectations and market sentiment towards these stocks.

Portfolio Pulse from Benzinga Insights

February 02, 2024 | 5:35 pm

Marathon Digital Holdings, Inc. (MARA) and Hut 8 Corp. (HUT) announced the termination of property management agreements at two of Marathon's Bitcoin mining sites. Hut 8 will receive a termination fee of $13.568 million and continue to provide services until April 30. Marathon aims to leverage its operational expertise at new sites in Texas and Nebraska.

Portfolio Pulse from Erica Kollmann

February 02, 2024 | 4:11 pm

Marathon Digital Holdings, Inc. (MARA) has announced an agreement to take over operational control from Hut8 Mining Corp. affiliates of two Bitcoin mining sites in Granbury, Texas, and Kearney, Nebraska. This transition is expected to be completed by April 30, 2024.

Portfolio Pulse from Charles Gross

February 01, 2024 | 6:42 pm

Today's session revealed significant whale activity in the options market for 10 Information Technology stocks, indicating potential trading opportunities. Notable activities include bearish call options for NVDA and MSFT, bullish call options for SMCI, INTC, WOLF, MARA, and ENTG, a bearish call option for CSCO, a bearish put option for STX, and a bullish put option for AMD. These movements suggest varying investor sentiments and potential impacts on the respective stocks' short-term price movements.

Portfolio Pulse from Benzinga Insights

February 01, 2024 | 5:35 pm

Today's session revealed significant options activity for several technology stocks, with whale alerts indicating large transactions. AMD, AAPL, NVDA, MARA, CIFR, QCOM, STM, EXTR, WOLF, and SMCI had notable put and call sweeps with varying sentiments and expiration dates. The activity suggests that large investors are making strategic bets on these companies' future stock movements, which could influence the short-term price direction of their stocks.

Portfolio Pulse from Benzinga Insights

January 31, 2024 | 5:35 pm

Bitcoin mining company GRIID Infrastructure (NASDAQ:GRDI) saw its stock drop 54% in two days after listing on Nasdaq through a merger with SPAC Adit EdTech. The company, which operates in New York and Tennessee, aims to grow its capacity and hash rate. GRIID utilizes 67% carbon-free power and reported $2.6 million in Q3 2023 revenue. The market context includes a $525 million credit facility from Blockchain.com and an upcoming Bitcoin halving event. Other mining stocks like Marathon Digital (NASDAQ:MARA) and Riot Platforms (NASDAQ:RIOT) also experienced declines this year. Analysts from Compass Point Research and Amplify Transformational Data Sharing ETF (NYSE:BLOK) commented on the sector's challenges and potential.

Portfolio Pulse from Murtuza Merchant

January 30, 2024 | 4:10 pm

Portfolio Pulse from Benzinga Newsdesk

January 29, 2024 | 5:26 pm

SoFi Technologies, Inc. reported Q4 earnings with revenue and EPS beating consensus estimates, causing its shares to rise 20%. Other stocks also moved higher, including Cardlytics after a settlement agreement and updated Q4 results, and McGrath RentCorp following an acquisition agreement with WillScot Mobile Mini. Various companies experienced stock gains due to upgrades, positive preliminary results, and recent earnings reports.

Portfolio Pulse from Avi Kapoor

January 29, 2024 | 3:31 pm

Bitcoin's recent price surge of over 4% has led to a rally in crypto-linked stocks, with companies like Cipher Mining, Mawson Infrastructure Group, Core Scientific, Sphere 3D Corp, TeraWulf, Bitfarms, Marathon Digital Holdings, and Hut 8 Corp experiencing gains between 5% and 23%. Coinbase Global and MicroStrategy also saw their stock prices increase. The rebound in crypto stocks comes after a period of selling and despite a challenging market landscape. Experts advise against a bearish outlook, highlighting a 'very bullish long term' perspective.

Portfolio Pulse from Rounak Jain

January 27, 2024 | 6:55 am

Shares of Marathon Digital Holdings, Inc. (MARA) and Riot Platforms, Inc. (RIOT) are trading higher as Bitcoin's price rises. The approval of Bitcoin spot ETFs, including BlackRock’s iShares Bitcoin Trust (IBIT), initially hurt crypto stocks. Bitcoin's recovery to a 6% increase on Friday has positively impacted MARA and RIOT, which have high short interest, potentially leading to significant price volatility.

Portfolio Pulse from Erica Kollmann

January 26, 2024 | 5:37 pm

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