Bitcoin ‘halving' will cost crypto miners $10 billion a year in lost revenue and ‘could well determine who comes out ahead and who gets left behind' [Fortune]
Marathon Digital Holdings, Inc. (MARA)
Last marathon digital holdings, inc. earnings: 8/14 04:00 pm
Check Earnings Report
US:NASDAQ Investor Relations:
ir.marathonpg.com
Company Research
Source: Fortune
This time around, it's also set to trigger multibillion-dollar declines in revenue for the very companies that ensure the digital currency's smooth functioning, right on the heels of a surge in their biggest costs. Around April 20, the halving will cut the amount of Bitcoin that “miners” can earn each day for validating transactions to 450 from 900 now. Based on Bitcoin's current price, it could spell revenue losses of around $10 billion a year for the industry as a whole. Marathon Digital Holdings Inc., CleanSpark Inc. and other miners, which compete for a fixed Bitcoin reward by solving mathematical puzzles using superfast computers, have invested in new equipment and sought to buy smaller rivals in an attempt to cushion the drop-off in revenue. “This is the final push for miners to squeeze out as much revenue as they can before their production takes a big hit,” said Matthew Kimmell, a digital asset analyst at CoinShares. “With revenues across the board decreasing overnight, t
Show less
Read more
Impact Snapshot
Event Time:
MARA
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
---|---|---|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
Last Price | ||
VWAP | ||
High:
|
Max Up |
High:
|
Low:
|
Max Down |
Low:
|
%
|
Post news range |
%
|
|
Price change |
|
|
Price Change Percentage |
|
|
S&P 500 (SPX) |
|
%
|
Volume ratio |
%
|
Volume | ||
Ticks | ||
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
MARA alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
MARA alerts
High impacting Marathon Digital Holdings, Inc. news events
Weekly update
A roundup of the hottest topics
MARA
News
- Vistra Set to Join S&P 500; Aaon to Join S&P MidCap 400; Marathon Digital Holdings to Join S&P SmallCap 600PR Newswire
- Why Bitcoin Miners Cratered This Week [Yahoo! Finance]Yahoo! Finance
- Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for April 2024 [Yahoo! Finance]Yahoo! Finance
- Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for April 2024GlobeNewswire
- Bitcoin Miner Stronghold Looking at Options, Including Sale of Company [Yahoo! Finance]Yahoo! Finance
MARA
Earnings
- 2/28/24 - Beat
MARA
Sec Filings
- 4/29/24 - Form DEFA14A
- 4/29/24 - Form DEF
- 4/5/24 - Form 8-K
- MARA's page on the SEC website