MARA Holdings, Inc. Common Stock (MARA)
MARA Holdings, Inc., operating as Marathon Digital Holdings, is a technology company focused on blockchain and cryptocurrency technology. It primarily engages in cryptocurrency mining, especially Bitcoin, utilizing advanced hardware to validate blockchain transactions and generate new coins. The company emphasizes sustainable and energy-efficient mining practices and aims to expand its digital asset infrastructure globally.
Company News
MARA Holdings announced a $950 million convertible senior notes offering due in 2032, with zero percent interest. The company plans to use proceeds for repurchasing existing notes, acquiring bitcoin, and general corporate purposes.
As Bitcoin reaches new all-time highs, investors are advised to focus on Bitcoin mining stocks like CleanSpark, Riot Platforms, and Marathon Digital Holdings, which offer potential for significant growth by capitalizing on the cryptocurrency's rising value.
Investing $15,000 each in Strategy, Mara Holdings, and Verona Pharma 5 years ago would have created a portfolio worth over $1 million today. Strategy and Mara Holdings are speculative cryptocurrency plays, while Verona Pharma has a promising approved treatment.
Several mid-cap stocks, including Bilibili, MARA Holdings, and ZEEKR Intelligent Technology, saw significant gains last week. The article highlights the top 8 mid-cap gainers and discusses the reasons behind their performance.
CleanSpark, a renewable energy-focused Bitcoin miner, is scheduled to report its third-quarter fiscal 2024 results on Aug 8. The company's use of renewable energy and aggressive expansion strategy have been the major growth drivers, and its low-cost operational base makes it immune to the impact of Bitcoin halving. However, the stock's valuation appears stretched, and its performance is closely tied to Bitcoin's price movement, making it a risky bet in the near term.
