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

21.27

Mkt cap

6.8B

Volume

42M

High

21.30

P/E Ratio

24.50

52-wk high

34.09

Low

20.01

Div yield

N/A

52-wk low

9.51

Cathie Wood's ARK ETFs saw a significant surge, with assets under management increasing by $600 million in a single day due to a rally in crypto-related and electric vehicle stocks. The ARK Innovation ETF (ARKK) gained 5.34% and saw its AUM rise by nearly $400 million. The surge was fueled by a court ruling in favor of Grayscale's Bitcoin ETF application and a 7% surge in Bitcoin's value. Crypto-related stocks such as Coinbase (COIN), Marathon Digital Holdings (MARA), and Riot Platforms (RIOT) saw double-digit gains. Tesla (TSLA), the largest holding within Wood's Ark funds, experienced a resurgence of 7.3%. Ginkgo Bioworks Holdings (DNA) surged over 24% following the announcement of a partnership with Google Cloud (GOOGL).

Portfolio Pulse from Piero Cingari

August 29, 2023 | 8:52 pm

The article reports on the options activity of 10 Information Technology stocks in today's session. The stocks include AMD, NVDA, MARA, AAPL, MSFT, SPLK, APP, INTC, TSM, and SMCI. The options activity is categorized as either bearish, neutral, or bullish, and the article provides detailed information about each transaction.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 5:35 pm

Several information technology stocks experienced significant movement during Tuesday's intraday session. Notable gainers included Marathon Digital Holdings (MARA), Mawson Infra Gr (MIGI), Argo Blockchain (ARBK), Iris Energy (IREN), TeraWulf (WULF), and BTCS (BTCS). On the other hand, Hitek Global (HKIT), Peraso (PRSO), Cemtrex (CETXP), NiSun Intl Enterprise Dev (NISN), XIAO-I (AIXI), and OMNIQ (OMQS) saw their stock prices decrease.

Portfolio Pulse from Benzinga Insights

August 29, 2023 | 5:31 pm

Shares of Marathon Digital Holdings Inc (MARA), Riot Platforms Inc (RIOT) and Coinbase Global, Inc. (COIN) are trading higher following a report that the U.S. federal appeals court ruled the SEC was wrong to reject Grayscale's spot bitcoin ETF application. This ruling could be seen as a positive development for the cryptocurrency industry, potentially leading to increased optimism among investors and a growing acceptance of cryptocurrencies by regulatory bodies.

Portfolio Pulse from Henry Khederian

August 29, 2023 | 3:33 pm

A federal court has ordered the U.S. SEC to review its rejection of Grayscale Investments’ attempt to convert the Grayscale Bitcoin Trust (GBTC) into an ETF. The court stated that the SEC failed to adequately explain why it approved the listing of two bitcoin futures ETPs but not Grayscale’s proposed bitcoin ETP. This decision comes after several institutions, including BlackRock, WisdomTree, and Coinbase Global, filed applications for spot bitcoin ETFs.

Portfolio Pulse from Anusuya Lahiri

August 29, 2023 | 3:13 pm

Portfolio Pulse from Benzinga Newsdesk

August 29, 2023 | 2:37 pm

The stock futures were narrowly mixed ahead of key economic readings including house prices data, consumer confidence reading, and the JOLTS survey. The Federal Reserve's data-dependent stance could potentially lift market sentiment if data suggests a slowdown in economic momentum. Analysts from Morgan Stanley suggest a strategy of 'buying weakness than selling rallies' due to the central bank's skew towards holding or further rate hikes. In premarket trading, the SPDR S&P 500 ETF Trust (NYSE:SPY) rose 0.06% and the Invesco QQQ ETF (NASDAQ:QQQ) edged up 0.05%.

Portfolio Pulse from Shanthi Rexaline

August 29, 2023 | 10:16 am

Shares of several crypto-related companies are trading lower due to a decline in the price of Bitcoin.

Portfolio Pulse from Benzinga Newsdesk

August 24, 2023 | 7:50 pm

Small-cap ETFs with AUM between $400 million and $2 billion were screened for weekly returns. Sprott Uranium Miners ETF (URNM) and Global X Uranium ETF (URA) were the winners, up 7.64% and 5.44% respectively. ProShares Bitcoin Strategy ETF (BITO) and Amplify Transformational Data Sharing ETF (BLOK) were the losers, down 11.81% and 8.56% respectively. URNM and URA offer exposure to the uranium mining industry, while BITO and BLOK offer exposure to Bitcoin and blockchain technology respectively.

Portfolio Pulse from Johnny Rice

August 23, 2023 | 6:08 pm

Mining and crypto-related stocks are experiencing a surge due to a rebound in Bitcoin's value.

Portfolio Pulse from Benzinga Newsdesk

August 23, 2023 | 5:37 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.