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Marathon Digital Holdings’ (MARA) Fred Thiel said that Bitcoin price would need to drop 80% for the coin to stop being profitable for the company thus entering a challenging situation. Marathon is not worried about the past week’s dip. During a Bloomberg QuickTake Stock interview, Fred Thiel, Las Vegas-based company’s chief
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The decline of the bitcoin miner’s shares because of the SEC’s subpoena and convertible debt offering is “overdone,” according to the firm. Nov 16, 2021 at 4:56 p.m. UTCUpdated Nov 16, 2021 at 5:24 p.m. UTCMarathon Digital CEO Fred Thiel (CoinDesk "First Mover" screenshot) Original Source
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The United States Securities and Exchange Commission (SEC) has ordered crypto mining firm Marathon Digital Holdings to produce documents and communications for one of its mining facilities in Montana.According to a Monday filing with the SEC, Marathon Digital received a subpoena regarding an investigation into possible violations of the federal
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Marathon Digital Holdings (MARA) executives received a subpoena from the U.S. Securities and Exchange Commission (SEC) to produce documents and communications concerning its Hardin, Montana, data center facility, the company said in a 10Q filing on Monday. Source
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Marathon Digital Holdings, one of the largest Bitcoin (BTC) mining companies in the United States, is looking to raise $500 million in debt to buy Bitcoin and set up new Bitcoin miners.The Nasdaq-listed company officially announced Monday a private debt offering featuring a $500 million aggregate principal amount of its
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Marathon Digital (MARA), one of the largest publicly traded bitcoin miners, will raise $500 million through a convertible senior notes offering, due in 2026.The notes will be unsecured and to be offered to institutional investors, according to a statement.The pricing as well as interest and conversion rates for the notes
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Non-GAAP (generally accepted accounting principles) income excludes the impact of depreciation and amortization of fixed assets, impairment losses on mined cryptocurrency, server maintenance contract amortization and stock compensation expense. The metric includes the change in fair value of the Marathon Digital’s investment fund, which purchased 4,812.66 BTC for about $150
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United States-based crypto mining company Marathon Digital Holdings holds more than $460 million in Bitcoin (BTC), mainly from mining and purchases since last year.According to a Tuesday report, the mining firm said it had been HODLing all Bitcoin generated from its mining operations — roughly 2,640 BTC — since its last
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Marathon Digital produced 417.7 bitcoins in October, a 23% increase over the previous month that boosted the value of the company’s total bitcoin holdings to about $457.4 million, the bitcoin miner said on Tuesday. Marathon Digital now has about 7,453 bitcoins. Its mining fleet consists of 27,280 active miners producing
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MicroStrategy Inc., often seen as a proxy for bitcoin, climbed 4.3%, while crypto exchange Coinbase Global, Inc. gained 3% and Robinhood Markets, Inc., where many users trade crypto, rose 2.8%. The wider S&P 500 index and the Nasdaq composite were also in the green on Tuesday. Source
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