Bitcoin Miners Reap Windfall as 'Runes' Debut Sends Transaction Fees to Record Highs [Yahoo! Finance]
Marathon Digital Holdings, Inc. (MARA)
Last marathon digital holdings, inc. earnings: 8/14 04:00 pm
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Source: Yahoo! Finance
Instead, the simultaneous launch of Casey Rodarmor's new Runes protocol – for minting digital tokens on top of the oldest and largest blockchain – has proven so popular that it's caused massive network congestion, sending transaction fees to record levels and showering Bitcoin miners with a windfall like never before. Bitcoin transaction fees averaged a record $127.97 on April 20, when the halving took place and Runes launched , based on coordinated universal time. That's more than seven times the average fee rate on the day before, and roughly double the previous record set three years ago. Total revenue for bitcoin miners, which includes the block rewards as well as transaction fees, soared to a record $107.8 million for the single day, according to YCharts. The development could be bullish for big bitcoin mining firms including Marathon Digital Holdings ($MARA), Riot Blockchain ($RIOT), Hut 8 Mining (HUT) and Core Scientific (CORZ). (Marathon announced separately on Friday t
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MARA
News
- 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
- Thinking of Buying a Bitcoin Mining Stock After the Halving? Consider a Bitcoin Miner ETF Instead [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