Marathon
1,967 vues
5 Publications
Hot
Latest
Bitcoin Mining Down 9% Amid ‘Record High’ Temperatures: Marathon Digital
CryptosHeadlines.com - The Leading Crypto Research Network
Marathon Digital cites scorching Texas heat for a 9% drop in August Bitcoin mining. Yet, they mined over five times more Bitcoins than last year during the same period. The company also faces a lawsuit alleging false financial statements.
Marathon Digital, a Bitcoin mining company, says that the drop in Bitcoin production in August was mainly because it was too hot in Texas, which forced them to reduce their mining activities.
Decline in Production Linked to Weather
Marathon Digital’s CEO, Fred Thiel, says they mined 1,072 Bitcoins in August, which is more than five times what they mined in August last year. However, it’s 9% less than what they mined in July. The reason for this drop compared to July is the extremely hot weather at their Bitcoin mining site in Texas.
Marathon Digital’s US Operational Highlights. Source: GlobeNewsWire
The report mentioned that temporary shutdowns canceled out the progress they made in boosting their operations.
Marathon Digital says they have 13,286 Bitcoins, worth about $341.9 million at the current Bitcoin price of $25,734.
They also sold 750 Bitcoins in August, which is around $193 million. They plan to keep selling some of their Bitcoin holdings in the coming months to cover their expenses.
On September 1, it was reported that Bitcoin miners started selling a significant amount of Bitcoin from their reserves over the past week. They began this selling spree on August 26 when the Bitcoin price dropped below $26,000.
The data shows that Bitcoin miners sold around 4,000 BTC in the past week.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #cryptomarket #Marathon #BitcoinMining
Marathon Digital cites scorching Texas heat for a 9% drop in August Bitcoin mining. Yet, they mined over five times more Bitcoins than last year during the same period. The company also faces a lawsuit alleging false financial statements.
Marathon Digital, a Bitcoin mining company, says that the drop in Bitcoin production in August was mainly because it was too hot in Texas, which forced them to reduce their mining activities.
Decline in Production Linked to Weather
Marathon Digital’s CEO, Fred Thiel, says they mined 1,072 Bitcoins in August, which is more than five times what they mined in August last year. However, it’s 9% less than what they mined in July. The reason for this drop compared to July is the extremely hot weather at their Bitcoin mining site in Texas.
Marathon Digital’s US Operational Highlights. Source: GlobeNewsWire
The report mentioned that temporary shutdowns canceled out the progress they made in boosting their operations.
Marathon Digital says they have 13,286 Bitcoins, worth about $341.9 million at the current Bitcoin price of $25,734.
They also sold 750 Bitcoins in August, which is around $193 million. They plan to keep selling some of their Bitcoin holdings in the coming months to cover their expenses.
On September 1, it was reported that Bitcoin miners started selling a significant amount of Bitcoin from their reserves over the past week. They began this selling spree on August 26 when the Bitcoin price dropped below $26,000.
The data shows that Bitcoin miners sold around 4,000 BTC in the past week.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
#Bitcoin #CryptoNews #cryptomarket #Marathon #BitcoinMining
Marathon Digital представила платформу Anduro на основе блокчейна биткоина
Для сайдчейнов на платформе Anduro задействуется объединенный майнинг, то есть майнеры получат возможность получить дополнительную прибыль от обрабатывания транзакций. По словам генерального директора Marathon Digital Фреда Тиля (Fred Thiel), Anduro позволит компании получать доход от комиссий.
Marathon Digital уже занимается разработкой первых двух сайдчейнов на Anduro. Сайдчейн Coordinate призван обеспечивать экономически выгодный стек для участников сообщества Ordinals. Сайдчейн Alys создается как протокол для токенизации криптовалютных активов.
Ранее Marathon Digital Holdings установила новый месячный рекорд, добыв в декабре 1853 биткоинов. Это на 56% больше, чем в ноябре и на 290% больше в сравнении с декабрем позапрошлого года.
#Write2Earn #Marathon #Bitcoin #TrendingTopic #Write2Earn
$BTC
Для сайдчейнов на платформе Anduro задействуется объединенный майнинг, то есть майнеры получат возможность получить дополнительную прибыль от обрабатывания транзакций. По словам генерального директора Marathon Digital Фреда Тиля (Fred Thiel), Anduro позволит компании получать доход от комиссий.
Marathon Digital уже занимается разработкой первых двух сайдчейнов на Anduro. Сайдчейн Coordinate призван обеспечивать экономически выгодный стек для участников сообщества Ordinals. Сайдчейн Alys создается как протокол для токенизации криптовалютных активов.
Ранее Marathon Digital Holdings установила новый месячный рекорд, добыв в декабре 1853 биткоинов. Это на 56% больше, чем в ноябре и на 290% больше в сравнении с декабрем позапрошлого года.
#Write2Earn #Marathon #Bitcoin #TrendingTopic #Write2Earn
$BTC
Shareholders Take Legal Action Against Marathon Digital's CEO and Executives
Shareholders Take Legal Action Against Marathon Digital's CEO and Executives
Introduction: In a recent development, Marathon Digital, a prominent cryptocurrency mining company based in the United States, is facing a lawsuit from shareholders. The lawsuit alleges that CEO Fred Thiel and other top executives have breached fiduciary duties and misused company resources. The legal action, filed in the US District Court for the District of Nevada, names ten Marathon officials as defendants and brings forward five claims, including unjust enrichment and violations of the US Securities Exchange Act.
Background: Marathon Digital has been served with a subpoena by the Securities and Exchange Commission (SEC) in relation to transactions with related parties during the construction of its facility in Montana. This legal investigation by the SEC has played a significant role in triggering the shareholders' lawsuit.
Shareholders' Allegations: The plaintiffs in the lawsuit are seeking accountability from Marathon Digital's CEO and executives, accusing them of various wrongdoing that has negatively impacted the company. The claims include breaching fiduciary duties, wasting company resources, and violating the US Securities Exchange Act. The shareholders' legal team has not specified a specific monetary demand at this stage.
Board Restructuring Proposal: In addition to the legal action, the shareholders are aiming to improve the company's governance by proposing changes to the board structure. They suggest the appointment of at least four shareholders as board members, with the intention of eliminating the previous practice of electing directors. This proposal is a proactive measure to ensure better oversight and decision-making within Marathon Digital.
Potential Defendants: Among the defendants sought by the plaintiffs are CEO Fred Thiel and three other individuals, who are alleged to be responsible for actions leading to the SEC's lawsuit against the corporation. The specific details of their involvement have not been disclosed publicly at this time.
Hello, it's CryptoPatel here!
Passionate about providing you with the latest insights and analysis on cryptocurrencies. Join me for high-quality updates on the ever-evolving crypto world.
If you enjoy my content, please show your support by liking, sharing, and following. Let's stay connected for exciting updates!
#GOATMoments #Marathon #Scam #Bitcoin #Mining
$BTC $BNB $SOL
Introduction: In a recent development, Marathon Digital, a prominent cryptocurrency mining company based in the United States, is facing a lawsuit from shareholders. The lawsuit alleges that CEO Fred Thiel and other top executives have breached fiduciary duties and misused company resources. The legal action, filed in the US District Court for the District of Nevada, names ten Marathon officials as defendants and brings forward five claims, including unjust enrichment and violations of the US Securities Exchange Act.
Background: Marathon Digital has been served with a subpoena by the Securities and Exchange Commission (SEC) in relation to transactions with related parties during the construction of its facility in Montana. This legal investigation by the SEC has played a significant role in triggering the shareholders' lawsuit.
Shareholders' Allegations: The plaintiffs in the lawsuit are seeking accountability from Marathon Digital's CEO and executives, accusing them of various wrongdoing that has negatively impacted the company. The claims include breaching fiduciary duties, wasting company resources, and violating the US Securities Exchange Act. The shareholders' legal team has not specified a specific monetary demand at this stage.
Board Restructuring Proposal: In addition to the legal action, the shareholders are aiming to improve the company's governance by proposing changes to the board structure. They suggest the appointment of at least four shareholders as board members, with the intention of eliminating the previous practice of electing directors. This proposal is a proactive measure to ensure better oversight and decision-making within Marathon Digital.
Potential Defendants: Among the defendants sought by the plaintiffs are CEO Fred Thiel and three other individuals, who are alleged to be responsible for actions leading to the SEC's lawsuit against the corporation. The specific details of their involvement have not been disclosed publicly at this time.
Hello, it's CryptoPatel here!
Passionate about providing you with the latest insights and analysis on cryptocurrencies. Join me for high-quality updates on the ever-evolving crypto world.
If you enjoy my content, please show your support by liking, sharing, and following. Let's stay connected for exciting updates!
#GOATMoments #Marathon #Scam #Bitcoin #Mining
$BTC $BNB $SOL
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 (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
