MARA - What's Going On With Bitcoin Miners CleanSpark and Marathon Digital Stocks? | Benzinga
CleanSpark, Inc. (NASDAQ:CLSK) and Marathon Digital Holdings, Inc. (NASDAQ:MARA) shares are trading higher Friday amid a rise in the price of Bitcoin. Here's a look at what to know.
What To Know:
Bitcoin has gained more than 2% over the past 24 hours and is trading at $64,598.80 heading into its fourth halving event scheduled for approximately April 20.
The halving will significantly impact mining profitability, as rewards for miners will be cut in half. Mining companies employing newer, energy-efficient ASIC hardware will likely fare better, while those relying on older, less efficient models may struggle to stay afloat.
Some miners may sell bitcoin their holdings to increase revenue. The event could ...