MARA Holdings, formerly Marathon Digital, has announced plans to acquire a wind farm in Hansford County, Texas, to power its sustainable Bitcoin mining data center. The wind farm, with 240 megawatts of interconnection capacity and 114 MW of operational wind generation, will allow MARA to create a vertically integrated operation with zero-marginal energy costs, according to a company...
Michael Saylor announced a significant Bitcoin purchase by MicroStrategy shortly after pitching the cryptocurrency to Microsoft. On Dec. 2, Saylor revealed that MicroStrategy had acquired15,400 Bitcoin btc-0.43%Bitcoin for $1.5 billion, with an average purchase price of $95,976 per coin. The acquisition increased MicroStrategy’s Bitcoin holdings to approximately 402,100 BTC, valued at over $38 billion as of press time, with...
Marathon Digital Holdings Inc., (MARA) was up more than 11% early Monday afternoon as crypto stocks rose sharply to mirror Bitcoin (BTC) gains. After struggling with bearish pressure amid miner and government wallets selling, bitcoin price broke to above $63k on July 1. While the flagship cryptocurrency pared gains to return below this mark, the positive sentiment that...
Bitcoin mining companies are facing a notable decrease in stock value in anticipation of the upcoming halving. Shares of Marathon Digital Holdings, Riot Platforms, and CleanSpark have declined for three consecutive days. Marathon Digital Holdings, the largest public Bitcoin miner, lost nearly 25% of its stock value in the past month, while Riot Platforms lost almost 30%. Additionally, the...
Marathon Digital Holdings CEO Fred Thiel predicts that the break-even point for Bitcoin mining will climb to about $43,000 following the upcoming halving event. This significant increase from the current industry average of $23,000 underscores the potential impact on miners’ profitability. Thiel shared these insights during a Bloomberg Television interview, highlighting the challenges and adjustments miners will face. Marathon...
