MARA Holdings, Wall Street’s largest publicly traded Bitcoin miner, has successfully closed a second $850 million offering of convertible senior notes. The company made the announcement on December 5 via an X post, outlining that the primary use of the proceeds will be to acquire additional Bitcoin and repurchase some of its outstanding convertible notes […]
Marathon Digital (MARA) saw its shares drop over 8% in after-hours trading on Thursday following a second-quarter revenue report that fell short of Wall Street’s forecasts. However, the stock has since recovered some of these losses. Marathon Digital Sees a Revenue Miss Marathon Digital reported second-quarter revenue of $145.1 million, falling short of Wall Street’s […]
Marathon Digital, a Bitcoin mining company, fell short of revenue expectations set by Wall Street analysts in the first quarter 2024 report. The firm cited adverse weather conditions and equipment malfunctions as contributing factors to the lower-than-expected performance. Marathon Digital Faced Production Setbacks Despite a year-on-year revenue growth of 223% to $165.2 million, as disclosed […]