Site features 240 MW of interconnection capacity, with 114 MW of operational wind generation to sustainably power data centerSite will be the first application of MARA’s Advanced ASIC Retirement Initiative, designed to extend the economic lives of miners Fort Lauderdale, FL, Dec. 03, 2024 (GLOBE NEWSWIRE) -- MARA (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today announced entering into a definitive agreement to acquire a ...

Core Insights - MARA Holdings, a Bitcoin mining company, has seen its stock price increase nearly 40% in a month, driven by improved mining capacity and rising Bitcoin prices [1] - The stock has surged 700% from $3 in early 2023 to $27, attributed to a significant rise in revenue and P/S ratio [1] - The company's hash rate capacity has increased from 7.0 exahashes per second to 36.9, contributing to revenue growth [2] - Bitcoin's price recovery from below $17,000 at the end of 2022 to over $96,000 now has been fueled by regulatory approvals and investor optimism following Donald Trump's election victory [3] Financial Performance - MARA's revenue has grown 380% from $118 million in 2021 to $565 million currently [1] - The company's P/S ratio has increased by 266% from 3.6x in 2022 to 13.3x now [1] - Total shares have risen by 122% to 279 million due to additional share issuance [1] Market Volatility - MARA's stock returns have been highly volatile, with annual returns of 215% in 2021, -90% in 2022, and 587% in 2023, contrasting with the more stable performance of the Trefis High Quality Portfolio [4] - The current macroeconomic environment raises questions about potential future performance, but there is optimism for further growth due to improved mining capacity and Bitcoin prices [5] Valuation Metrics - MARA stock is currently trading at a lower valuation multiple of 8x trailing revenues compared to its average P/S ratio of 13x over the last three years, indicating potential for growth [5]

Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 Fort Lauderdale, FL, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today announced the pricing of its offering of $850 million aggregate principal amount of 0.00% convertible senior notes due 2031 (the “notes”). The notes will be sold in a private offering to persons reas ...

Mara Holdings (MARA -6.53%) is going all-in on the world's top cryptocurrency, and many investors aren't happy about it. The company's stock closed Monday almost 7% lower following news that it would aggressively pursue more Bitcoin (BTC -1.65%) mining and purchasing, fueled partially by a new round of capital raising. This contrasted notably with the rise of the S&P 500 index, which ended the day more than 0.2% higher.Busy Bitcoin bullsIt was a busy news days for Mara with the release of its monthly produc ...

Energized Hash Rate Increased 15% to 46.1 EH/s254 Blocks Won in November, 27% Increase M/MYTD BTC Yield Per Share of 37.2% Fort Lauderdale, FL, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MARA (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today published unaudited BTC production update for November 2024. Management Commentary "November was a record-breaking month for MARA, with our mining operations achieving unprecedented levels of ...

Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 Fort Lauderdale, FL, Dec. 02, 2024 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today announced that it intends to offer, subject to market conditions and other factors, $700 million aggregate principal amount of 0.00% convertible senior notes due 2031 (the “notes”) in a private offer ...

Bitcoin’s (BTC) recent rally, peaking at $99,655, has reignited enthusiasm for cryptocurrency-linked stocks. Despite failing to breach the $100,000 milestone, President-elect Donald Trump’s pro-crypto regulatory stance following his re-election on November 5 has triggered bullish sentiment in the market.Major U.S. corporations have ramped up Bitcoin investments, fueling a surge in the value of crypto-related equities. Among the top performers are MARA Holdings (NASDAQ: MARA) and MicroStrategy (NASDAQ: MSTR) ...

Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 Fort Lauderdale, FL, Nov. 21, 2024 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today announced the closing on November 20, 2024 of its offering of 0.00% convertible senior notes due 2030 (the “notes”). The aggregate principal amount of the notes sold in the offering was $1 billion, w ...

Small deep value individual investor, with a modest private investment portfolio, split approx. 50%-50% between shares and call options. I have a B.Sc. in aeronautical engineering and over 6 years of experience as an engineering consultant in the aerospace sector. The latter statement is not relevant in any way whatsoever to my investment style, but I thought to add it for self-indulgent purposes. I have a contrarian investment style, highly risky, and often dealing with illiquid options. How illiquid? Well ...

Proceeds to be used primarily to acquire bitcoin and repurchase existing convertible notes due 2026 Fort Lauderdale, FL, Nov. 18, 2024 (GLOBE NEWSWIRE) -- MARA Holdings, Inc. (NASDAQ: MARA) (“MARA” or the “Company”), a global leader in leveraging digital asset compute to support the energy transformation, today announced the pricing of its offering of $850 million aggregate principal amount of 0.00% convertible senior notes due 2030 (the “notes”). The notes will be sold in a private offering to persons reas ...