Tags: Marathon Digital

Coinbase dominates the exchange sector, holding 63.6% of the market’s value while miners shift toward AI, Web3, and cloud computing.

CleanSpark is now the fourth Bitcoin miner to hold more than 10,000 BTC.

Bitcoin mining giant MARA has lent out around 16% of its BTC reserves to third parties to generate yields.

MARA’s latest zero-interest notes mature in 2031 and can convert into cash, shares, or a mix, with proceeds projected at $835M to $985M.

MARA said that the proceeds will be used primarily to acquire Bitcoin and repurchase existing convertible notes due 2026.

Between August 12-14, Marathon Digital boosted its Bitcoin reserve to over 25,000 BTC by acquiring 4,144 BTC at $59,500 each.

Marathon Digital’s $250M convertible notes offering targets qualified institutional buyers.

Marathon Digital missed estimates for the second straight quarter, citing this year’s halving, rising hash rates, and equipment failures.

Marathon is changing its approach to its Bitcoin treasury policy and adopting a full HODL strategy.

Marathon Digital’s entry into Kaspa mining spurred a surge in Kaspa (KAS), marking it among the week’s top-performing cryptocurrencies.

Nonetheless, Marathon Digital’s Q1 2024 sees a 223% yoy revenue surge and 142% hash rate increase from new products and acquisitions.

The crypto mining firms nearly doubled its production rate, but surging BTC prices also helped.

Prepare for a North American Bitcoin Mining Infrastructure Boom + More News

Marathon Digital CEO Fred Thiel sits on the Auradine board of directors (CoinDesk)

New and old bitcoin mining rigs at CleanSpark‘s site in Georgia. (Eliza Gkritsi/CoinDesk)

Fred Thiel. (CoinDesk)

The Abu Dhabi skyline (Nick Fewings)

(RapidEye/Getty Images Plus)

(Getty Images)

The price of Bitcoin has been helping mining stocks rise through March.

Marathon Digital CEO Fred Thiel interview at Bitcoin conference in Miami(CoinDesk)https://www.coindesk.com/video/all-about-bitcoin-on-cdtv-clips/marathon-digital-ceo-on-global-crypto-adoption-ukraine-crisis-and-more/