MARA - Why Bitcoin Mining Stock Marathon Digital Is Moving Higher After Hours | Benzinga
Marathon Digital Holdings Inc (NASDAQ:MARA) shares are moving higher after the bell on Thursday after the Bitcoin (CRYPTO: BTC) miner announced an increase to its hash rate target.
What Happened: After the market close on Thursday, Marathon Digital said it’s increasing its hash rate target for fiscal-year 2024 from a previous range of 35 EH/s to 37 EH/s to a new target of 50 EH/s.
The bitcoin mining company began the year with approximately 24.7 EH/s and had been targeting growth of approximately 46% by year’s ...