Marathon Digital: Q1 2024, Slipstream, And Early Post-Halving Indications [Seeking Alpha]
Marathon Digital Holdings, Inc. (MARA)
Last marathon digital holdings, inc. earnings: 8/14 04:00 pm
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US:NASDAQ Investor Relations:
ir.marathonpg.com
Company Research
Source: Seeking Alpha
The company's $337 million in quarterly net income was entirely attributable to a change in fair value accounting rules. While the company is being proactive in fee generation strategy, there are still long-term hurdles facing the business model. When I last covered Marathon Digital ( NASDAQ: MARA ) for Seeking Alpha, I downgraded the stock from "buy" to "hold" and noted both weak stickiness in transaction fees and a stock valuation already implying a six-figure Bitcoin ( BTC-USD ) price. In the closing summary I said MARA would likely serve as a solid swing trading ticker and that has indeed been the case with the stock often moving up or down by 5% or more in a single day: In this update, we'll look at the company's Q1-24 earnings report, April Production, MARA Pool data, and longer-term mining trends. Q1-24 Earnings & April Production For the period ended March 2024, Marathon Digital reported an eye-popping $1.26 EPS figure, more than a dollar better than estimates. The
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MARA
News
- Bitcoin could see a wave of forced selling as miners face the reality of lower rewards post-halving, research firm says [Yahoo! Finance]Yahoo! Finance
- OrdinalsBot Behind 80% of the Largest Files Inscribed on Bitcoin Blockchain; Announces Revenue, Growth and Partnerships [Yahoo! Finance]Yahoo! Finance
- OrdinalsBot Behind 80% of the Largest Files Inscribed on Bitcoin Blockchain; Announces Revenue, Growth and PartnershipsBusiness Wire
- Bitcoin Miners Begin to Feel Pressure of Lower Token Rewards, Kaiko Says [BNN Bloomberg (Canada)]BNN Bloomberg
- Bitcoin Miner Marathon In Talks With Kenya to Help With Its Green Energy Ambitions [Yahoo! Finance]Yahoo! Finance
MARA
Earnings
- 5/9/24 - Beat
MARA
Sec Filings
- 5/15/24 - Form 144
- 5/9/24 - Form 8-K
- 5/9/24 - Form 10-Q
- MARA's page on the SEC website