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Bitcoin Stocks in Play - Bitcoin closes in on $71,000 US - Marathon Digital Holdings, Inc. (NASDAQ: MARA) Gains

June 4, 2024 (Investorideas.com Newswire) Investorideas.com, a go-to platform for big investing ideas, reports on trading for Marathon Digital Holdings, Inc. (NASDAQ:MARA), a global leader in leveraging digital asset compute to support the energy transformation

Bitcoin closes in on $71,000 US today after trading sideways for a while and currently is trading at $70,835.91, up 1,560.93 today. With bulls in charge today all bitcoin miners are seeing gains.

Marathon Digital Holdings is trading at $20.82, up 1.24, gaining 6.33%. The stock had a day's high of $21.31.

In their last earnings report management said, "During the first quarter of 2024, we doubled the size of our portfolio of digital asset compute, launched our first products and services to support the Bitcoin ecosystem, and we battled against operational challenges to produce record financial results," said Fred Thiel, Marathon's chairman and chief executive officer. "In less than four months we initiated, closed, and integrated the acquisitions of our first three sites. As a result, we doubled the size of our portfolio to 1.1 gigawatts of capacity, 54% of which we now directly own and operate. After bringing our first products to market in March, we secured our first paying customers for MARA firmware and began building a robust sales pipeline for our two-phase immersion system.

News:

https://finance.yahoo.com/news/marathon-digital-holdings-reports-first-200500047.html

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