Cryptocurrency Mining Firm Marathon’s Market Cap Passes $1B

Cryptocurrency Mining Firm Marathon’s Market Cap Passes $1B

At the crypto market's 2017 peak, Marathon barely had $50 million in market capitalization.


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Marathon’s Bitcoin Mining Pool Will ‘No Longer Filter Transactions’ — Marapoo...

On Monday, the publicly-listed enterprise mining firm Marathon Digital Holdings announced the company has adopted the latest codebase offered by Bitcoin Core developers that features Taproot. Marathon is now signaling for Taproot according to the announcement. The North American bitcoin miner further noted that the firm’s mining operation Marapool will “cease filtering transactions.” Marathon Adopts Bitcoin Core Version 0.21.1 With Taproot Privacy Features The firm Marathon Digital Holdings (Nasdaq: MARA), has been making a number of business moves in the bitcoin mining....

Marathon and Riot battle for the title of America’s biggest Bitcoin miner

A recent purchase of 10,000 Antminer S-19s has placed Marathon Patent Group on-track to become North America’s largest Bitcoin mining firm by Q3 2021. Nevada-based cryptocurrency mining firm Marathon Patent Group has announced the purchase of 10,000 Antminer S-19 Pro ASICs as part of its plan to become the largest mining firm in North America.The publicly traded firm announced the purchase on Oct. 26, revealing plans to command an operational hash rate of 2.56 exahashes per second (EH/s) in July 2021 — equal to 1.9% of the current hashing power of the entire Bitcoin network.Marathon Patent....

Fidelity purchases 7.4% stake in Marathon Digital Holdings for $20M

The shares have been spread across four of Fidelity’s index-based funds. Multinational financial services firm, Fidelity Investments, has announced the purchase of a 7.4% stake of major North American mining company, Marathon Digital Holdings.Marathon currently operates 19,000 miners, with a further 100,000 machines slated for deployment over the next 12 months. With $4.9 trillion in assets under management Fidelity is one of the world’s largest financial service companies and has serviced more than 35 million clients worldwide.The deal was finalized for $20 million on July 22, with the....

The blacklist: Marathon only mining ‘fully compliant’ Bitcoin transactions

Marathon plans to divert all hash power to its new, regulatory compliant Bitcoin mining pool from May 1. Major U.S.-based mining firm Marathon Digital Holdings has announced the launch of what it describes as the first North American Bitcoin mining pool that is “fully compliant with U.S. regulations.”According to a March 30 announcement, the pool adheres to U.S. anti-money laundering guidelines and rules set out by the Office of Foreign Asset Control, or OFAC. Marathon will ensure the transactions processed by its pool meet regulatory standards by using technology exclusively licensed by....

Marathon Digital stock soars after company ramps up BTC mining in Q1

The company mined 196 BTC in the first quarter, bringing its total holdings to 5,143.2 BTC. Shares of Marathon Digital Holdings (MARA) surged on Monday after the cryptocurrency miner announced a significant increase in mining capacity in the first quarter, allowing it to up its stake in Bitcoin (BTC) by a considerable margin. MARA stock jumped 15.8% to close at $56.56, marking a new all-time high. The crypto mining stock rose by as much as 17.1% earlier in the day. Marathon Digital's share price closes at a new all-time high. Source: TradingViewBy comparison, the technology-focused Nasdaq....