Marathon Digital buys $249M Bitcoin, reserves reach 25K BTC
Marathon’s latest 4,144 Bitcoin buy comes as boss Fred Thiel last month said it was adopting a “hodl strategy” for the cryptocurrency. This post was originally published on this site
Cleanspark Secures 26,000 Bitmain Immersion Miners in $167.7M Deal
Cleanspark, a publicly-listed bitcoin mining company, recently shared in its 10-Q report that it has acquired 26,000 units of Bitmain’s S21 XP immersion-cooled bitcoin mining machines. These types of cutting-edge immersion miners, known for their quieter operation and impressive hashrate performance, are gaining traction in the industry. Cleanspark to Acquire Next-Gen Immersion-Cooled Mining Rigs From […]
Marathon Digital stamps ‘Made in USA’ on Bitcoin blocks mined
The stunt follows former President Donald Trump’s statement that he wants all the remaining Bitcoin to be “Made in USA.”This post was originally published on this site
MARA Announces $250M Private Offering of Convertible Senior Notes to Buy More Bitcoin
Marathon Digital Holdings, Inc., now simply known as MARA, is rolling out a plan to offer $250 million in convertible senior notes set to mature in 2031. This move, targeting qualified institutional buyers, aims to generate funds for corporate ventures and the purchase of more bitcoin. MARA to Purchase More Bitcoin Following Private Sale As […]
World’s largest Bitcoin miner increased BTC holdings by $124M in July
Marathon Digital holds over $1.1 billion worth of Bitcoin after the company decided to go full “HODL.”This post was originally published on this site
Marathon Digital shares plunge 8% after Q2 revenue miss estimates
Marathon Digital has missed consensus estimates for the second quarter in a row, though its year-on-year performance has risen by 78%.This post was originally published on this site
Marathon Digital shares plunge 8% after Q2 revenue miss estimates
Marathon Digital has missed consensus estimates for the second quarter in a row, though its year-on-year performance has risen by 78%.This post was originally published on this site
Bitcoin miner Riot Platforms miss estimates with wider Q2 loss
Riot managed to increase its revenue from Bitcoin mining despite reporting a staggering 340% increase in costs to mine a Bitcoin. This post was originally published on this site
Marathon Digital Ordered to Pay $138M for Contract Breach
A federal court jury in Los Angeles has awarded Michael Ho $138 million after finding crypto mining firm Marathon Digital Holdings Inc. guilty of breaching a Non-Disclosure/Non-Circumvention Agreement. Ho had shared proprietary information about a large-scale energy supplier with Marathon, which had agreed not to bypass him. However, Marathon circumvented Ho and engaged directly with […]
Marathon Digital fined $138M for non-circumvention agreement breach
Marathon Digital has been fined $138M for breaching a non-disclosure, non-circumvention agreement with former executive Michael Ho.This post was originally published on this site