Key Measure of Bitcoin Mining Profitability Nears All-Time Low [BNN Bloomberg (Canada)]
Marathon Digital Holdings, Inc. (MARA)
Last marathon digital holdings, inc. earnings: 8/14 04:00 pm
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Source: BNN Bloomberg
The sharp drop in the so-called “hashprice” comes on the heels of Bitcoin's fourth “halving,” which on April 20 cut in half the reward miners earn for their work securing the network. The quadrennial event has historically been a tailwind for Bitcoin, but it had a minimal impact on the cryptocurrency this time around. Instead, geopolitical tensions and expectations of higher-for-longer US interest rates have weighed on Bitcoin and other cryptoassets. Read more: What Is Bitcoin ‘Halving'? Does It Push Up the Price?: QuickTake The hashprice — a term coined by crypto firm Luxor Technologies — fell to $57 on Friday, according to Hashrate Index data. The figure represents the amount a miner can expect to earn from one petahash per second of computing power per day. It touched an all-time low of $55 shortly after FTX's implosion in November 2022. The hashprice briefly jumped to as high as $139 immediately after the halving, as transaction fees soared thanks to a flurry of activity
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News
- Marathon Digital (MARA) to Post Q1 Earnings: What's in Store? [Yahoo! Finance]Yahoo! Finance
- The Halving and Bitcoin Mining: 3 Things to Know Before Investing in This Explosive Industry Sat, May 4, 2024, 10:56 AM GMT+2 5 min read 0 1. Plans to grow production 2. Efficiency is key 3. Find an X factor Should you invest $1,000 in Bitcoin right now? Acquire Media Monitor
- 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
MARA
Earnings
- 2/28/24 - Beat
MARA
Sec Filings
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- 5/6/24 - Form 4
- MARA's page on the SEC website