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Monday Stocks to watch as Bitcoin Price Rises (NASDAQ: MARA) (NASDAQ: COIN) (NASDAQ: BTBT)

 

March 25, 2024 (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas, reports on bitcoin and crypto stocks as Bitcoin USD (BTC-USD) runs again this Monday morning Bitcoin is currently trading at $69,189.17, gaining $3,556.22 or 5.42%.

Bitcoin stocks are taking over as stocks to trade today for retail investors as cannabis stocks take a break from last week's massive rally and have a much needed pullback.

Marathon Digital Holdings, Inc. (NASDAQ:MARA) is trading at $21.94, up $1.07 or 5.13%, with a morning high of $22.5.

Today Marathon announced it launched MARAFW and MARA UCB 2100, industry leading firmware and a control board designed to improve the performance, efficiency, and versatility of various Bitcoin mining rigs.

For the past year, Marathon has been developing and testing MARAFW and MARA UCB 2100 control board as part of its vertical tech stack to optimize performance. The Company is currently rolling out MARAFW across its fleet of more than 200,000 Bitcoin mining rigs.

Given the positive results of these initial rollouts, Marathon is now offering both MARAFW and MARA UCB 2100 to the broader Bitcoin mining community. Marathon has already successfully sold MARAFW and MARA UCB2100 to multiple enterprise clients. The Company is now providing all interested miners with the opportunity to experience some of the unique technology that sets Marathon apart.

MARAFW is custom firmware designed to optimize the individual chip settings of Bitcoin miners, providing an opportunity to improve their performance and efficiency while stabilizing operations. MARAFW offers several key features that seek to optimize Bitcoin miners, including increasing hash rate while maintaining optimal efficiency and allowing for quick auto-tuning or manual customization of settings for targeted performance. It provides options for overclocking to assist in boosting bitcoin production or underclocking for improved efficiency. Additionally, MARAFW includes intelligent thermal protection to defend miners against overheating, thereby protecting their longevity. MARAFW is compatible with the majority of stock control boards, as well as Marathon's MARA UCB 2100.

Hut 8 Corp. (NASDAQ:HUT) is trading up at $9.11, up 0.39 or 4.47%. The stock's high was $0.35.

Coinbase Global, Inc. (NASDAQ: COIN) is seeing strong gains, currently trading at $279.33, up $23.82 or 9.32% with a morning high of $281.

Bit Digital, Inc. (NASDAQ:BTBT) is trading at $2.4800, up 0.0900 or 3.77%.

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