Latest news with #MARA
Yahoo
a day ago
- Business
- Yahoo
Why MARA Holdings, Inc. (MARA) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where MARA Holdings, Inc. (NASDAQ:MARA) stands against other worst-performing stocks. MARA Holdings fell by 9.61 percent on Wednesday to close at $14.86 apiece as investor sentiment was dampened by the drop in Bitcoin prices during the day. As of 6:07 PM EST, the price of Bitcoin was down by 1.43 percent at the $107,000 level, as investors continued to take profits after hitting a new all-time high last week. MARA Holdings, Inc. (NASDAQ:MARA) dropped alongside its counterparts, CleanSpark Inc. and Riot Platforms Inc. Earlier this month, MARA Holdings, Inc. (NASDAQ:MARA) said that it was able to mine 705 Bitcoins last month, which was 15 percent lower than the 829 Bitcoins mined in March. This brought its total ownership to 48,237. An aerial view of a bustling financial district, with skyscrapers and a large financial institution in the city center. MARA Holdings, Inc. (NASDAQ:MARA) also underscored that it opted not to sell any Bitcoin during the period. 'We remain laser-focused on transforming MARA into a vertically integrated digital energy and infrastructure company,' said MARA Holdings, Inc. (NASDAQ:MARA) Chairman and CEO Fred Thiel. Overall, MARA ranks 7th on our list of worst-performing stocks. While we acknowledge the potential of MARA, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MARA and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Why MARA Holdings (MARA) Went Up on Tuesday
We recently published a list of . In this article, we are going to take a look at where MARA Holdings, Inc. (NASDAQ:MARA) stands against other best-performing stocks. MARA Holdings snapped a four-day losing streak on Tuesday, jumping 11.61 percent to end at $16.44 apiece as investors cheered its Bitcoin revenue hitting a new all-time high on the back of the cryptocurrency's record price. In a regulatory filing on Monday, MARA Holdings, Inc. (NASDAQ:MARA) said it exceeded $752 million in revenues, making it the most profitable day in the company's history. An aerial view of a bustling financial district, with skyscrapers and a large financial institution in the city center. MARA Holdings, Inc.'s (NASDAQ:MARA) rally followed Bitcoin's record high of $112,000 apiece on May 22, with analysts pointing to the easing trade tensions between the US and China as having buoyed sentiment. In the first quarter of the year, MARA Holdings, Inc. (NASDAQ:MARA) swung to a net loss of $533 million from a net income attributable to shareholders of $337 million in the same period last year. Revenues increased by 30 percent to $214 million from $166 million year-on-year. Overall, MARA ranks 10th on our list of best-performing stocks. While we acknowledge the potential of MARA, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MARA and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Why MARA Holdings, Inc. (MARA) Went Down On Wednesday
We recently published a list of . In this article, we are going to take a look at where MARA Holdings, Inc. (NASDAQ:MARA) stands against other worst-performing stocks. MARA Holdings fell by 9.61 percent on Wednesday to close at $14.86 apiece as investor sentiment was dampened by the drop in Bitcoin prices during the day. As of 6:07 PM EST, the price of Bitcoin was down by 1.43 percent at the $107,000 level, as investors continued to take profits after hitting a new all-time high last week. MARA Holdings, Inc. (NASDAQ:MARA) dropped alongside its counterparts, CleanSpark Inc. and Riot Platforms Inc. Earlier this month, MARA Holdings, Inc. (NASDAQ:MARA) said that it was able to mine 705 Bitcoins last month, which was 15 percent lower than the 829 Bitcoins mined in March. This brought its total ownership to 48,237. An aerial view of a bustling financial district, with skyscrapers and a large financial institution in the city center. MARA Holdings, Inc. (NASDAQ:MARA) also underscored that it opted not to sell any Bitcoin during the period. 'We remain laser-focused on transforming MARA into a vertically integrated digital energy and infrastructure company,' said MARA Holdings, Inc. (NASDAQ:MARA) Chairman and CEO Fred Thiel. Overall, MARA ranks 7th on our list of worst-performing stocks. While we acknowledge the potential of MARA, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than MARA and that has 10,000x upside potential, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey.
Yahoo
3 days ago
- Business
- Yahoo
Bitcoin Pulls Back to $107K, but NYDIG Analysis Suggests Market Far From Overheated
Wednesday morning U.S. hours saw a modest acceleration in crypto's pullback from the recent big move higher, with bitcoin BTC stumbling nearly 2% to just above the $107,000 level. Altcoins fared worse, with XRP XRP, solana SOL and dogecoin DOGE among those sporting declines in the 3%-5% range. Among crypto-related stocks, the bitcoin miners were hardest hit, with MARA Holdings (MARA), Riot Platforms (RIOT) and Hut 8 (HUT) each lower by nearly 10%. Bitcoin treasury companies were also showing sizable losses, led by GameStop (GME), down 11% after announcing the purchase of just over 4,710 bitcoin (or about $500 million at the current price) — to some a rather underwhelming amount considering the company raised $1.3 billion for bitcoin acquisition several weeks ago. Bitcoin's roughly 50% rally from the post-early April bottom to a new record high of $112,000 last week has more than a few market participants suggesting 2021-like signs of froth. Not so fast, said the research team at NYDIG. First off, they note, bitcoin has rallied about 7X from the November 2022 low in the $15,000 area — a nice move for sure, but far behind peak-to-trough moves of 452X in 2013, 112X in 2017 and 20X in 2021. While bitcoin is a far more mature asset today than in the past and even a 20X move might seem a bit steep, the numbers still suggest a decent amount of further upside. The team also looked at Market Value to Realized Value (MVRV), which compares the current total market cap of all bitcoins to their aggregated value based on the last time each coin moved. It's current at 2.4X, far below prior peaks, including 2021's top of 4.0X. "While these are all just rough benchmarks, they suggest there's still meaningful upside potential for bitcoin," concluded NYDIG.
Yahoo
3 days ago
- Business
- Yahoo
LG-BACKED VENTURE PADO AI ORCHESTRATION COLLABORATES WITH MARA ON NEW DATA CENTER POWER MANAGEMENT SOLUTIONS
Collaboration to focus on enabling flexible power demand and fulfillment for data centers with MARA power solution and PADO's Energy Orchestration platform SANTA CLARA, Calif. and FORT LAUDERDALE, Fla., May 28, 2025 /PRNewswire/ -- Global innovator LG Electronics has announced a collaboration between its newest LG NOVA-backed venture, PADO AI Orchestration, Inc. (PADO), designed to revolutionize energy management for data centers and MARA, a global leader in energy technology. In this collaboration, PADO and MARA will work together to develop power load balancing as a service to enable power demand flexibility to meet the increasing workloads driven by AI and technology growth. PADO's platform is designed to use artificial intelligence (AI) and machine learning (ML) to orchestrate power, grid services and distributed energy resources (DERs) to enable businesses to anticipate power demand better and enhance energy resources to meet fluctuating needs. MARA, through its growing data center infrastructure and technology platform, can provide third-party data centers with flexible power supply and on-demand computing capabilities. Together, they aim to offer a transformative solution for power load balancing to make it more feasible to bring new data centers online and help improve the operational efficiency and power consumption of existing data centers. This collaboration focuses on addressing the critical need to optimize power delivery and load management for hyperscale data centers, maximize the value of businesses' energy investments, and solve the significant computing power challenges and energy demand presented by AI-driven data centers. "With MARA, we are pioneering a new era of power flexibility and load balancing within data centers. We believe that this collaboration is key to solving the complex energy challenges facing data centers in the age of AI," said Wannie Park, CEO of PADO AI Orchestration. "By optimizing grid services through AI power management, our goal is to help data centers reduce their energy footprint and contribute to a more stable and reliable grid for everyone. This collaboration represents a significant step towards a more resilient energy future." "We believe this collaboration will help unlock a critical opportunity of new compute resources and enable states and institutions to benefit from the growing AI economy," said Daren Mancini, Chief Commercial Officer of MARA. "This collaboration with PADO brings together hyperscalers, utilities, and regulatory commissions to create a solution that benefits all stakeholders, maximizing the value of energy investments and promoting a more resilient future." By combining PADO's designs for an innovative AI/ML energy orchestration platform and MARA's leadership in energy technology this collaboration aims to meet the unique needs of data centers to provide significant value and move towards energy independence and reduced cost. About PADO AI Orchestration, AI Orchestration, a new energy orchestration venture launched by LG NOVA, is focused on delivering value to its customers and enhance energy savings for data centers, businesses, and commercial and industrial facilities by enabling better power management and control of energy resources. Learn more at About MARAMARA (NASDAQ:MARA) deploys digital energy technologies to advance the world's energy systems. Harnessing the power of compute, MARA transforms excess energy into digital capital, balancing the grid and accelerating the deployment of critical infrastructure. Building on its expertise to redefine the future of energy, MARA develops technologies that reduce the energy demands of high-performance computing applications, from AI to the edge. Learn more at About LG NOVALG NOVA, the North America Innovation Center for global innovation leader LG Electronics, is a team focused on bringing innovation from the outside to LG. LG NOVA is based in Santa Clara, Calif. The center's mission is to fuel innovation for LG and its partners by establishing a community to create, nurture and grow businesses. Learn more about LG NOVA at About LG Electronics USALG Electronics USA Inc., based in Englewood Cliffs, N.J., is the North American subsidiary of LG Electronics Inc., a smart life solutions company with annual global revenues of more than $60 billion. In the United States, LG sells a wide range of innovative home appliances, home entertainment products, commercial displays, air conditioning systems and vehicle components. LG is an 11-time ENERGY STAR® Partner of the Year. Media Contact: LG Electronics USALinda Quach+1 408 903 MARA Ellie Elsey +1 650 995 6368 ellie@ View original content to download multimedia: SOURCE LG Electronics USA
