Latest news with #MARAHoldings
Yahoo
4 hours ago
- Business
- Yahoo
Bitcoin Miners Notch Gains as Meta Signs 20-Year AI Deal With Nuclear Plant
Bitcoin BTC trading at or about record highs hasn't proven to be much of a benefit to the roughed up the BTC miners, but perhaps the growing energy needs of the AI sector could prove to be the industry's salvation. Social media giant Meta (META) on Tuesday inked a 20-year deal with a nuclear power plant to buy 1.1 gigawatts of electrical output for AI purposes — yet another signal that tech giants are serious about investing into the necessary infrastructure to power their data centers. Bitcoin miners, a number of which have begun diversifying their operations for AI purposes, could be benefiting from the news. MARA Holdings (MARA), Riot Platforms (RIOT), Hut 8 (HUT), Core Scientific (CORZ) and CleanSpark (CLSK) are among those sporting sizable gains, each ahead 7%-8% with less than an hour to go before the close of U.S. trade. CoreWeave (CRWV), one of the hottest players in the AI sphere, is up 23% on the day to a new record and higher by more than 270% since it went public in March. Cryptocurrencies themselves are modestly in the green, with bitcoin up 1.8% in the last 24 hours at $106,200. The broader CoinDesk 20 (an index of the top 20 cryptocurrencies by market capitalization excluding exchange coins, memecoins and stablecoins), rose 2.8% in the same period of time, buoyed by solana SOL, uniswap UNI, aave AAVE)) and near {{NEAR each gaining roughly 5-6%. Crypto-related equities Coinbase (COIN) and Strategy (MSTR) are up 4.6% and 4.2%, respectively. A check of traditional markets finds the Nasdaq higher by 0.8% and the S&P 500 by 0.6%. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
10 hours ago
- Business
- Yahoo
Bitcoin Miner MARA Holdings Posts Record Block Wins, Produces 950 BTC in May
Bitcoin miner MARA Holdings (MARA) produced 950 BTC in May, a 35% increase from the previous month and its strongest output since the Bitcoin halving in April 2024, the company said Tuesday. The firm also set a new internal monthly record for blocks won, totaling 282, a 38% jump from April. CEO Fred Thiel attributed the gains to the company's vertically integrated tech stack and its self-owned MARA Pool. 'Operating our own pool means we keep all block rewards without paying fees to third parties,' Thiel said, adding that MARA Pool's block reward luck has outperformed the Bitcoin network average by over 10% since its launch. The company's energized hashrate ticked up slightly to 58.3 EH/s in May, while its share of available miner rewards rose to 6.5%, up from 5.1% the prior month. Transaction fees made up 1.5% of the total rewards, slightly higher than April. MARA held 49,179 BTC as of May 31 and didn't sell any bitcoin during the month, keeping all holdings on its balance sheet. Shares are higher by 5.5% in Tuesday trade alongside a modest rise in the price of bitcoin to just over $106,000.
Yahoo
4 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. Sign in to access your portfolio
Yahoo
6 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
6 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.
