A combination of more hash rate coming online from mining plants and a price protection approach is shielding Bitcoin (BTC) mining firm Marathon Digital Holdings (Nasdaq: MARA) through the bear market, told Cointelegraph its CEO Fred Thiel.

n an exclusive interview during the 2023 Bitcoin Conference in Miami, Thiel disclosed the strategy behind Marathon's figures in the first quarter of 2023, where the firm reduced its net loss from $12.9 million ($0.12 per share) from Q1 2022, to $7.2 million ($0.05 per share) this year.

#hashrate #marathondigital #2023 #bitcoin #ceo

Bullish #marathondigital Mining Update:

In January, $MARA :
👉 Bought 183.5 #BTC selling NONE
👉 Now holds total 15,741 $BTC  worth over $1 BILLION
👉 Sustainably operated, NASDAQ-listed
👉 Converts energy into BTC
👉 Bullish signal for Bitcoin's future

Marathon Digital Holdings:
The largest and most sustainably operated #Bitcoin mining company in North America - Marathon Digital Holdings - continues stacking sats at a rapid pace.

#AltUpdate #ALTUSDT
$ETH $BNB

#marathondigital Digital Races Past Tech Giants, Becomes Most Traded Stock! ‍♀️
Move over, Big Tech! #Bitcoin mining powerhouse Marathon Digital has just dethroned the likes of Tesla, Apple, and Amazon to claim the title of most traded stock in the last 24 hours, racking up a whopping $327 million in trading volume!

#Crypto #NFP #Launchpool
$BTC $XRP $BCH

▪️Marathon Digital, one of the leading Bitcoin mining firms in North America.

#BTC #bitcoin #btcmining #marathondigital #mining

Corporate companies' interest in Bitcoin mining is increasing. ⛏️🪙💰

Marathon Digital Holdings (NASDAQ: MARA) is leading the charge among publicly traded Bitcoin mining companies. Despite the upcoming block subsidy halving in April, institutional investors are increasingly betting on Marathon, signaling a significant shift in sentiment towards Bitcoin mining.

Institutional investors now hold a substantial 38.9% of Marathon’s outstanding shares, totaling 104,212,740 shares out of 268 million.

Notable investors such as Vanguard, BlackRock, Jane Street, Morgan Stanley, and State Street collectively own 22.7% of Marathon Digital Holdings.

With a market capitalization of $5.58 billion, Marathon is spearheading the Bitcoin mining sector, experiencing a remarkable year-over-year gain of 146.69%, with its stock closing at $20.87 per share on March 22.

🔹Bitcoin Halving and Mining Companies:

Bitcoin undergoes a block subsidy halving approximately every four years, directly impacting mining revenue.

Currently, over 98% of Bitcoin block rewards come from the subsidy, averaging 900 BTC issued daily.

The halving could potentially halve mining revenue if Bitcoin’s price remains constant, affecting companies like MARA whose stock may correlate with Bitcoin’s price movements.

🔹Influence of Institutional Investors and Future Outlook:

The substantial ownership stake by institutional investors in Marathon indicates a bullish outlook on Bitcoin’s future price trajectory.

Wall Street’s increasing involvement in Bitcoin mining companies suggests a deepening influence over Bitcoin’s security and consensus mechanism.

Despite revenue challenges posed by the halving, institutional support implies a positive long-term outlook for Bitcoin’s price.

#BTC #mining #Marathon #MarathonDigitalHoldings #marathondigital

Marathon Digital Holdings has purchased $100 million worth of Bitcoin and will fully HODL the assets.

#mara #MarathonDigitalHoldings #marathondigital #Bitcoin_Coneference_2024 #bitcoin $BTC

Bitcoin miner #Marathon Digital just bought $100 million worth of $BTC and will adopt a #HODL strategy given macro tailwinds and institutional support.

#marathondigital #MarathonDigitalHoldings #TrendingTopic

Marathon Digital Secures $300M Through An Oversubscribed Offering Of Convertible Senior Notes.

The Proceeds Were Used To Purchase 4,144 $BTC, Valued At Approximately $249M, Boosting Their Strategic Bitcoin Reserve To Over 25,000 BTC.

Marathon - $MARA Continues To Strengthen Its Position In The Crypto Space.

#MarathonDigitalHoldings #Marathon #marathondigital #LowestCPI2021 #BinanceLaunchpoolTON

Bitcoin is going to hit $100K in next 6 months.

✅ Companies are declaring their Bitcoin holdings.

✅ Bitcoin reserves are dwindling.

✅ The State of Wisconsin is Buying $BTC

✅ Inflation is declining in the US.

🔶 The State of Wisconsin Investment Board’s investment in BlackRock’s #BitcoinETF has grown to nearly $100 million.

🔶 Bitcoin miner Marathon Digital to raise $250,000,000 to purchase more $BTC.

🔶 DRW Venture Capital discloses $150 million #Ethereum ETF holdings.

🔶 $2.8 trillion asset manager Goldman Sachs discloses $418 million #BitcoinETF holdings.

🔶 $1.3 trillion asset manager Morgan Stanley discloses $187 million #Bitcoin ETF holdings.

🔶 Bitcoin exchange reserves have hit a five-year low.

🔶 US inflation falls to 2.9%, lower than expectations.

🔻Expectations: 𝟯%
🔻Last Month: 𝟯.𝟭%

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#bitcoinnewsupdate #marathondigital #LowestCPI2021 #BinanceLaunchpoolTON #MarketDownturn

🪙 Norwegian fund increases BTC reserves
Norway's sovereign wealth fund (the largest such fund in the world) has increased its bitcoin reserves to 2,446 BTC. The increase amounted to 938 BTC compared to the previous period.
➡️ Curiously, bitcoin investments increased not as a result of direct purchases of the asset, but by investing in shares of cryptocurrency companies: #MicroStrategy , #Coinbase , #marathondigital #block .

🚨 CRYPTO NEWS ALERT 🚨

#marathondigital Stamps "Made in USA" on All Bitcoin Mined by #MaraPool

📢 Marathon Digital has announced that it will now stamp "Made in USA" on all Bitcoin blocks mined by its U.S.-based MARA Pool.

This decision aligns with the company's commitment to keeping #BitcoinMining operations domestic.

📈 Additionally, Marathon continues to acquire and hold substantial amounts of Bitcoin as a treasury #Reserves asset, reinforcing its strategy to support and invest in the digital currency within the United States.