Home » MARA Stock Could Be a Great Buy in the Near Future

MARA Stock Could Be a Great Buy in the Near Future

by admin

MARA stock has been underperforming the market over the past year. It has returned -14.8% since the beginning of the year, while the SPY returned -14.6%. However, it has outperformed the market in the last two weeks. That’s a sign that it could be a great buy in the near future.

Marathon Digital Holdings is a bitcoin miner with a growing focus on the blockchain ecosystem and the generation of digital assets. The company originally operated as Marathon Patent Group, which collected encryption patents. On March 1, 2021, it changed its name to Marathon Digital Holdings and Fred Thiel became CEO.

Marathon Digital has signed several hosting agreements with third parties, providing a total of 254 megawatts of capacity and power. However, these agreements reduced the company’s revenue. Marathon Digital also incurred an impairment of $127.6 million on its bitcoin holdings, and lowered the fair value of its investment fund by $79.7 million. Marathon Digital also signed additional agreements with Compute North and Applied Blockchain. The company has produced 1,966 bitcoin so far this year.

You may also like

Leave a Comment