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Ive asked the same question!

Its ridiculous!

Why a significant increase this week, whats changed from last week?

 

 

 

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Marathon Digital Share News - MARA

Current Price

$35.28

1.444.26%

 

Bid PriceOffer Price35.2435.28High PriceLow PriceOpen PriceShares TradedLast Trade238,60813:42:49

Marathon Digital Holdings Reports Second Quarter 2021 Results

Intraday Marathon Digital Chart

13/08/2021 1:00pmGlobeNewswire Inc.

 Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, reported financial results for the second quarter ended June 30, 2021.

Second Quarter and Recent Financial Highlights

Increased total revenue to $29.3 million, a 220% increase from $9.2 million in the first quarter of 2021 and a 10,147% increase year-over-year from $286,000 in the second quarter of 2020
Produced 654 newly minted bitcoins in the second quarter of 2021; as of June 30, 2021, produced 846 newly minted bitcoins in 2021Marathon’s investment fund, which purchased 4,812.66 BTC for approximately $150 million in January 2021, increased in fair value by $16.9 million during the first six months of 2021Non-GAAP income from operations*, which excludes the impact of depreciation and amortization of fixed assets, impairment losses on mined cryptocurrency, server maintenance contract amortization, and stock compensation expense, was $20.1 million, or $0.21 per diluted shareAs of June 30, 2021, cash and cash equivalents was $170.6 million and total liquidity, defined as cash and bitcoin holdings, was approximately $366.5 million

* Non-GAAP income from operations does not include the change in fair value of the Company’s investment fund, which purchased 4,812.66 BTC for approximately $150 million in January 2021.

Second Quarter and Recent Bitcoin Mining Highlights

Increased the number of total miners deployed to 19,395 miners, which could generate approximately 2.09 EH/s as of June 30, 2021As of June 30, 2021, held approximately 5,784 bitcoins, each of which had a market price of approximately $34,856; as a result, the approximate fair market value of Marathon’s bitcoins held as digital currencies was approximately $201.6 million

Second Quarter and Recent Corporate Highlights

Strengthened management team by appointing Fred Thiel to chief executive officer as Merrick Okamoto remained executive chairman of the board of directorsAnnounced binding letter of intent with Compute North to host approximately 73,000 of the Company’s previously purchased Bitcoin miners as part of a new 300-megawatt data centerAppointed Georges Antoun and Jay Leupp to the board of directors, improving Marathon’s environmental protection and “green energy,” as well as public accounting and investment banking, expertiseOn May 31, 2021, announced that the Company’s bitcoin mining pool, MaraPool, was adopting

Mara results are out, looks impressive !

But i think Argo mined more bitcoin in the same period!

Surely we will get some news very soon on the ipo though

Why i we not following the upward momentum of bitcoin?

Its very annoying!

Of a bright blue day today?

Bit of a rebound maybe?

So if bitcoin holds around $45k, what is Argo going to open at on Monday?

We've got to be over £1.40 surely!

83% margin aswell!

Not bad!

Wow
What is going on, up, down, up, down and back up!!!!

Texas build begins!

Did anyone know that Space X owned bitcoin before this interview?

Is this new news?

Wow big push for Argo

Not likely!!!!!

Which it wont!

Plus "IPO" on Nasdaq

Argo are going to raise alot of money !

So some good news, and bitcoin is up.

Should be a interesting day

B word conference later with Mr Musk aswell!!!!

Slow start, or is it being held????

That should have said more positive not poor positive!