Daily Crypto News

What’s Going On With Bitcoin-Related Stock Marathon Digital? – Benzinga

Marathon Digital Holdings Inc MARA shares are trading higher Friday. The company provided a Bitcoin BTC/USD production and mining update late Thursday.

Marathon Digital said it produced 707 Bitcoin in the second-quarter, representing an increase of 8% year-over-year, despite significant headwinds.

Bitcoin production was impacted by energization delays in Texas, maintenance to its facilities and a severe storm which caused one of its mining locations to go offline. However, year-to-date production was up 132% over the same period in the prior year.

Marathon Digital now holds 10,055 Bitcoin directly and finished the month with $88.7 million in cash and $153.7 million in total available liquidity.

Bitcoin was up 3.52% over a 24-hour period at $21,480 at press time, which could be adding to Marathon Digital’s move higher today.

See Also: Bitcoin, Ethereum, Dogecoin Spike: Analyst Sees Apex Crypto Hitting $28K-$30K In ‘Few Days’ If This Happens

MARA Price Action: Marathon Digital has traded between $83.45 and $5.20 over a 52-week period.

The stock was up 20% at $8.44 at press time, according to data from Benzinga Pro.

Photo: Pete Linforth from Pixabay.

Read More: What’s Going On With Bitcoin-Related Stock Marathon Digital? – Benzinga

Disclaimer:The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. NewsOfBitcoin.com does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.