Marathon Digital Holdings, Inc. (MARA) shares have declined 28.2% in the year-to-date period against the 19.1% rally seen in the industry it belongs to and 18% growth of the Zacks S&P 500 composite. MARA's performance is in line with the close competitors in the bitcoin-mining space. Riot Platforms, Inc. (RIOT) has plummeted 48% and HuT 8 Corp. (HUT) has lost 14.2% over the same period. While the year-to-date performance of Marathon Digital paints a negative picture, it is crucial to look at the oneyear pri ...

As you can see on the chart, over the past few days, shares of MARA "broke" or crossed the downtrend line. The downtrend that started a month ago in Marathon Digital Holdings, Inc. MARA may have ended. It has broken the downtrend line. It has also formed a potential 'Rounded Bottom' on the chart. Both of these dynamics may have bullish implications. This is why we have identified MARA as our stock of the day. If a stock is moving lower, the first thing that must happen before it moves higher is for it to st ...

Fort Lauderdale, FL, Aug. 14, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today announced the closing of its offering of 2.125% convertible senior notes due 2031 (the "notes"). The aggregate principal amount of the notes sold in the offering was $300 million, which includes $50 million aggregate principal amount of notes issued pursuant to an option to purchase, wi ...

公司新闻 - **发行债券**：Marathon Digital Holdings, Inc. 宣布定价发行2.5亿美元（250 million）的2.125%可转换高级债券，到期日为2031年9月1日。此次发行为私募，面向合格机构投资者，并提供额外购买选择权，最高可达5000万美元（50 million）债券[2] - **债券条款**：债券为无担保高级债务，年利率2.125%，每半年支付一次利息。公司可在2028年9月6日之后赎回债券，条件是公司普通股股价在特定时间内达到或超过转换价格的130%。债券持有人可在特定情况下要求公司回购债券[3] - **转换条款**：债券可转换为现金、公司普通股或两者组合，转换率为每1000美元债券可转换为52.9451股普通股，初始转换价格约为每股18.89美元。转换率可能因特定事件而调整[5][6] - **募集资金用途**：公司计划将募集资金的净额（约2.438亿美元或243.8 million，若选择权全额行使则为2.925亿美元或292.5 million）用于购买比特币和一般公司用途，包括营运资金、战略收购、资产扩张及偿还债务[7][8] 行业动态 - **数字资产行业**：Marathon Digital Holdings 作为全球利用数字资产计算支持能源转型的领导者，通过开发和部署创新技术，致力于构建更可持续和包容的未来。公司通过转换清洁、受限或其他未充分利用的能源，为全球区块链账本提供安全保障，并支持能源转型[11]

Proceeds to be used primarily to acquire bitcoin and for general corporate purposes Fort Lauderdale, FL, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("MARA" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today announced that it intends to offer, subject to market conditions and other factors, $250 million aggregate principal amount of convertible senior notes due 2031 (the "notes") in a private offering to per ...

文章核心观点 - 公司Q2 2024财报收入低于预期,主要受到比特币产量下降的影响 [4] - 公司的哈希率和算力大幅提升,但实际比特币产量反而下降,说明算力提升并不直接转化为收益 [5] - 公司的生产成本大幅上升,导致每枚比特币的生产成本远高于市场价格,盈利能力受到挑战 [6][7] 公司经营情况 - 公司Q2 2024财报收入为1.451亿美元,同比增长78%,但低于分析师预期的1.571亿美元 [4] - 公司运营的矿机数量增加超过10%,达到约25万台 [4] - 公司安装的算力达到31.5 EH/s,能源效率为23.5焦耳/太赫兹 [4] - 公司正在持续优化矿场基础设施,提升算力和能效 [4] - 公司重申2024年算力目标为50 EH/s [4] 行业发展趋势 - 比特币价格和行业接受度持续提升,未来发展前景依然看好 [8] - 美国政治环境对加密货币监管态度可能趋于友好 [8] - 但对于矿企而言,随着比特币减半事件的持续影响,盈利能力面临挑战 [9]

201 Blocks Won in July, 27% Increase M/M BTC Production of 692 BTC, 17% Increase M/M Increased BTC Holdings to 20,818 BTC; Total Cash and BTC of $1.6B as of July 31, 2024 Fort Lauderdale, FL, Aug. 06, 2024 (GLOBE NEWSWIRE) -- MARA (NASDAQ: MARA) ("MARA" or the "Company"), one of the world's largest publicly traded bitcoin ("BTC") miners and a leader in supporting and securing the Bitcoin ecosystem, today published unaudited BTC production and miner installation updates for July 2024. Management Commentary " ...

201 Blocks Won in July, 27% Increase M/M BTC Production of 692 BTC, 17% Increase M/M Increased BTC Holdings to 20,818 BTC; Total Cash and BTC of $1.6B as of July 31, 2024 Fort Lauderdale, FL, Aug. 06, 2024 (GLOBE NEWSWIRE) -- MARA (NASDAQ: MARA) ("MARA" or the "Company"), one of the world's largest publicly traded bitcoin ("BTC") miners and a leader in supporting and securing the Bitcoin ecosystem, today published unaudited BTC production and miner installation updates for July 2024. Management Commentary " ...

财务数据和关键指标变化 - 公司在Q2报告净亏损2亿美元,每股亏损0.72美元,主要由于数字资产公允价值下降和比特币产量下降 [40] - 收入同比增长78%至1.45亿美元,主要由于比特币平均价格上涨136%,但比特币产量下降2.4万枚 [43][44] - 主要运营成本(不含折旧)同比增加55%至8600万美元,主要由于算力扩张带来的托管和能源成本增加 [46] - 非GAAP总毛利同比增加89%至5100万美元,主要由于比特币价格上涨和运营效率提升 [48] 各条业务线数据和关键指标变化 - 公司已完成3个新运营站点的整合,临时提供托管服务产生9百万美元收入 [45] - 公司已部署15,000台新矿机,总算力达到31.5 EH/s,单机能耗降至17 J/TH [14] - 公司已开始采矿Kaspa数字资产,目前占全网9%算力,边际成本仅占1%能耗 [24][25] 各个市场数据和关键指标变化 - 公司在美国内布拉斯加州、德克萨斯州和佛罗里达州的运营站点均有所改善 [19][20][21] - 公司正在芬兰启动2MW数字资产供热试点项目,已实现98%以上的运行时间 [30][31] 公司战略和发展方向及行业竞争 - 公司正在向全球多元化发展,将数字资产计算应用于能源转型和可再生能源项目 [12][15] - 公司将业务重组为3大专业团队:公用事业规模挖矿、能源回收利用和技术 [16] - 公司将采取100%HODL比特币策略,并将定期进行战略性公开市场购买 [26][51] - 公司正在探索将比特币挖矿与AI推理计算中心的协同应用 [58][59][60][61][62][63] 管理层对经营环境和未来前景的评论 - 管理层认为比特币应成为企业和主权国家的战略储备资产 [26][27][28] - 管理层对公司未来发展前景充满信心,预计将在年底前达到50 EH/s的算力目标 [12][14][19] - 管理层认为公司的能源回收利用和技术业务将为未来带来更高的投资回报 [29][32][33][34][35][36] 其他重要信息 - 公司在Q2通过ATM股权融资3.45亿美元,主要用于比特币购买和运营 [54] - 公司目前持有约2万枚比特币,价值约12亿美元,以及8900万枚Kaspa数字资产 [52][56] - 公司未来将继续增加比特币持有量,主要通过自身挖矿和定期公开市场购买 [55] 问答环节重要的提问和回答 问题1 **Reggie Smith 提问** 询问公司在Ellendale站点遇到的操作问题及修复情况,以及未来是否可能再次发生 [80] **Fred Thiel 回答** 公司在Ellendale站点遇到的主要问题是变压器故障,已通过更换和改造得到解决。公司正在采取措施降低此类问题再次发生的可能性 [81][82] 问题2 **Tyler DiMatteo 提问** 询问公司如何在3大业务团队之间部署资本和灵活调配其他资源 [92] **Fred Thiel 回答** 公司采用矩阵式组织架构,各业务团队专注于自身领域,支持职能集中管理。在资本配置和资源调配上,公司根据各业务的特点和投资回报率进行平衡 [93][94][95][96][97][98][99] 问题3 **Lucas Pipes 提问** 询问公司在HODL策略下如何支付美元现金支出,以及HODL的最终目标 [110] **Salman Khan 回答** 公司将不再出售比特币来支付运营支出,而是通过其他业务产生的现金流来支付。HODL的目标是最大化公司比特币储备资产,提高股东价值 [111][112][113][114][115]

Marathon Digital Holdings, Inc. (MARA) came out with a quarterly loss of $0.24 per share versus the Zacks Consensus Estimate of a loss of $0.23. This compares to loss of $0.13 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -4.35%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced a loss of $0.06, delivering a surprise of -400%. Over the last four quarters, the c ...