Marathon Digital on Monday said it plans to sell hundreds of millions of dollars worth of debt and use some of the funds it raises to buy bitcoin. Shares dropped, with pressure also coming after the cryptocurrency miner disclosed receiving a regulatory subpoena related to a data center.
Full Answer
Why is marathon digital (Mara) stock outperforming other digital stocks?
Apr 14, 2021 · Bitcoin is down slightly (1%) in trading today, but it’s more likely Wednesday’s decline in Marathon Digital is because “speculators [got] ahead of …
Is marathon digital efficiently growing its dividend?
What happened Shares of bitcoin-mining company Marathon Patent Group ( MARA 5.39% ) came crashing down on Wednesday after the company announced a $250 million stock offering. The immediate issue...
What happened to riot blockchain and marathon digital holdings on Wednesday?
Apr 07, 2021 · The reason for Bitcoin's drop isn't clear. But when it falls, it affects many cryptocurrency stocks. Among those are companies that mine Bitcoin. These include Marathon Digital Holdings (NASDAQ ...
Why did marathon miner stock drop 15%?
Apr 05, 2022 · Marathon Digital stock tumbled 27% on Nov. 15, 2021, after it said in a filing that it had received a subpoena from the Securities & Exchange Commission. The SEC is asking the company and certain ...
Is Marathon digital holdings a good investment?
Marathon Digital Holdings's analyst rating consensus is a 'Strong Buy. This is based on the ratings of 5 Wall Streets Analysts.
Why is MARA going down?
Shares of bitcoin-mining company Marathon Patent Group ( MARA -4.80% ) came crashing down on Wednesday after the company announced a $250 million stock offering. The immediate issue here is shareholder dilution, but the massive move could hold clues to the future of the company.Jan 13, 2021
Is MARA stock overvalued?
Marathon Digital Holdings, Inc. may be overvalued. Its Value Score of D indicates it would be a bad pick for value investors. The financial health and growth prospects of MARA, demonstrate its potential to underperform the market. It currently has a Growth Score of C.
Is MARA overvalued?
Due to these trends, MARA currently seems to be overvalued and riskier than an investment into Bitcoin.Oct 20, 2021
How many machines does Hardin Mines have?
The facility boasts 105 megawatts of power to run an estimated mining fleet of 30,000 machines, according to H.C. Wainwright analyst Kevin Dede, who has a buy rating on MARA stock.
What is Bitcoin mining?
Bitcoin mining consists of processing, or validating, transactions. The speed at which a digital currency miner processes transactions is called hash rate. The faster a miner can process transactions, the more revenue it generates. Marathon Digital is paid in Bitcoin for mining.
When Bitcoin goes down, so do these stocks
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What happened
Bitcoin ( CRYPTO:BTC), the world's most valuable cryptocurrency by market cap, hit its lowest price in over a week on Wednesday. According to CoinDesk, the price is down roughly 4% over the past 24 hours as of this writing. The reason for Bitcoin's drop isn't clear. But when it falls, it affects many cryptocurrency stocks.
So what
For perspective, the price of Bitcoin is up roughly eight times from where it was this time last year, and it has almost doubled so far in 2021. That's tremendous price appreciation and, therefore, it's not surprising to see it occasionally cool off a little, like it did today.
Now what
Right or wrong, the market seems to be more optimistic about the long-term prospects of The9 than Marathon Digital or Riot Blockchain. Perhaps that's because it does more than just mine Bitcoin. For example, it also mines Filecoin and operates a video game business. That said, this company generated $96,000 in full-year revenue in 2020.
Is Marathon Digital a buy right now?
3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Marathon Digital in the last year. There are currently 3 buy ratings for the stock.
What stocks does MarketBeat like better than Marathon Digital?
Wall Street analysts have given Marathon Digital a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Marathon Digital wasn't one of them.
When is Marathon Digital's next earnings date?
Marathon Digital is scheduled to release its next quarterly earnings announcement on Thursday, November 11th 2021.#N#View our earnings forecast for Marathon Digital.
How were Marathon Digital's earnings last quarter?
Marathon Digital Holdings, Inc. (NASDAQ:MARA) posted its earnings results on Thursday, August, 12th. The business services provider reported ($1.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by $1.25.
How has Marathon Digital's stock been impacted by Coronavirus (COVID-19)?
Marathon Digital's stock was trading at $0.71 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, MARA shares have increased by 5,870.4% and is now trading at $42.39.#N#View which stocks have been most impacted by COVID-19.
When did Marathon Digital's stock split? How did Marathon Digital's stock split work?
Marathon Digital shares reverse split on Monday, October 30th 2017. The 1-4 reverse split was announced on Friday, October 27th 2017. The number of shares owned by shareholders was adjusted after the market closes on Friday, October 27th 2017.
What price target have analysts set for MARA?
3 Wall Street analysts have issued twelve-month price objectives for Marathon Digital's stock. Their forecasts range from $40.00 to $54.00. On average, they expect Marathon Digital's stock price to reach $48.00 in the next year.