MARA - Marathon Digital Stock Is Moving Lower: What's Going On With The Bitcoin Miner? | Benzinga
Marathon Digital Holdings Inc (NASDAQ:MARA) shares are trading lower alongside the price of Bitcoin (CRYPTO: BTC). The bitcoin miner on Wednesday released production and mining operation data for June.
What Happened: Marathon Digital said it produced 590 bitcoin last month, down from 979 bitcoin produced in the prior year’s period. The company’s average operational hashrate grew 2% month-over-month to 26.3 EH/s.
Marathon Digital noted that it has increased its total bitcoin holdings to 18,536 coins. The company also highlighted its cash and bitcoin balance of $1.4 billion as ...