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Stock impact report

Bitcoin Mining Was More Profitable in February Than January: Jefferies [Yahoo! Finance]

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: Yahoo! Finance
The bank cut its price target for Marathon Digital to $24 and raised Argo Blockchain to $1.50. Bitcoin {{BTC}} mining was more profitable in February than in January as the price of the world's largest cryptocurrency rose 15% while the network hashrate increased at a slower rate of 9%, investment bank Jefferies said in a research report on Monday. Publicly listed North American mining companies produced a smaller share of bitcoin compared with the previous month, slipping to 17.5% of the total network from 19%, as new hashrate came online from other sources, the report said. Hashrate refers to the total combined computational power that is being used to mine and process transactions on a proof-of-work blockchain, such as Bitcoin. “From a year ago, the network hashrate has nearly doubled, but the publicly traded miners have lost market share,” analysts Jonathan Petersen and Amanda Santillo wrote. Marathon Digital (MARA) had previously used third-party providers to host its mac Show less Read more
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