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Marathon Digital Holdings Unveils ‘M’ Block Art on Bitcoin Blockchain

Marathon Digital Holdings Unveils ‘M’ Block Art on Bitcoin BlockchainBitcoin miner Marathon Digital Holdings has crafted a block that prominently displays the letter “M” by carefully arranging transactions and fee rates within its mining pool. This novel approach introduces a creative twist to block creation in the blockchain realm. Despite this innovative step, Marathon has made it clear that it currently does not offer […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Marathon Introduces Custom Firmware and Control Board for Enhanced Bitcoin Mining Operations

Marathon Introduces Custom Firmware and Control Board for Enhanced Bitcoin Mining OperationsThis week, the publicly traded mining company Marathon Digital Holdings unveiled new firmware and a control board designed to enhance the efficiency of bitcoin mining rigs. Marathon revealed it has been developing this technology for about a year. Marathon Releases Custom Firmware and MARA UCB 2100 Control Board On March 25, 2024, Marathon (Nasdaq: MARA) […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Bitcoin Mining Stocks Rally Ahead of Halving: Double-Digit Gains Mark Midweek Surge

Bitcoin Mining Stocks Rally Ahead of Halving: Double-Digit Gains Mark Midweek SurgePublicly traded bitcoin mining companies experienced a revival this week, as numerous stocks saw double-digit increases on Wednesday. Shares of Cleanspark soared by 22.8%, Marathon’s shares climbed by 16.1%, and Riot’s shares increased by 11.81% throughout the trading day. Bitcoin Mining Equities See Recovery With Stellar Wednesday Gains With less than a month remaining until […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

As Bitcoin Hits New Highs, Nasdaq-Listed Miners Face Unexpected Declines

As Bitcoin Hits New Highs, Nasdaq-Listed Miners Face Unexpected DeclinesDespite bitcoin reaching another all-time peak on Monday, publicly traded mining stocks commenced the day with percentage declines. Stock linked to companies such as Marathon, Cleanspark, Riot, and various others have diminished in value compared to the U.S. dollar, even as bitcoin celebrates fresh price milestones. Mining Stocks Tumble on Nasdaq Nasdaq-listed bitcoin (BTC) miners […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Nasdaq-Listed Bitcoin Mining Companies Bounce Back From Recent Downturn

Nasdaq-Listed Bitcoin Mining Companies Bounce Back From Recent DownturnFollowing a dynamic period of activity in the crypto market on Friday, stocks of publicly traded mining companies have recovered from their recent decline. In the last five days, Marathon Digital Holdings’ stock fell over 15%, yet on Friday, it experienced a 7.71% increase in value against the U.S. dollar. Several other leading mining corporations […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Marathon Mines Record-Breaking 4 MB Bitcoin Block Linked to Runestone Airdrop

Marathon Mines Record-Breaking 4 MB Bitcoin Block Linked to Runestone AirdropDuring bitcoin’s extraordinary price peaks in March, this week saw the mining of the biggest block by byte size, with Marathon’s mining pool producing a 3.99 megabyte (MB) block. This block, labeled as 832,849, carried a message linked to the Runestone airdrop. Bitcoin Blockchain Witnesses Unprecedented 4 MB Block Over the recent weekend, Marathon, a […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Bitcoin Mining Stocks Surge — Double-Digit Gains Highlight Rapid Growth in Digital Currency Sector

Bitcoin Mining Stocks Surge — Double-Digit Gains Highlight Rapid Growth in Digital Currency SectorAs bitcoin and the broader crypto market have surged, shares of publicly traded mining companies have seen substantial growth. Data shows that, in the last five days, stocks of many of these firms have experienced double-digit increases in value against the U.S. dollar. Publicly Traded Mining Companies See Major Uptick Publicly-listed firms linked to the […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Coinbase, Marathon stocks surge as Bitcoin lights ‘fire in the cauldron’

The anticipated Bitcoin halving and potential ETF approvals have lit “some serious fire in the cauldron" for crypto, said Zerocap investment chief Jon de Wet.

Publicly traded crypto firms have notched triple-digit percentage returns this year and closed up in green on Dec. 4, as Bitcoin (BTC) reached a new year-high of over $42,000. 

Crypto exchange Coinbase (COIN) closed the day at just over $141 with a 5.5% gain, up 320% from its price at the start of the year, per Google Finance data.

Bitcoin miners Marathon Digital (MARA) and Riot Platforms (RIOT) closed the day with over 8% gains, recording 337% and 345% year-to-date (YTD) gains, respectively.

A visual map of the one-day price of S&P 500 stocks shows mixed results on Dec. 4 Source: Finviz

Crypto investment firm Galaxy Digital Holdings (GLXY) posted a daily gain of nearly 12% and is up 155% YTD and MicroStrategy (MSTR) — with the largest Bitcoin holdings of any public company valued at over $6.6 billion — saw a daily gain of over 6.5% and a YTD rise of 288%.

It comes despite the wider North American stock market seeing a mixed bag of gainers and losers on Dec.

Large-cap tech stocks, such as Microsoft, fell 1.43% on Dec.

The crypto-related stocks are well below their all-time highs, however.

IG Australia market analyst Tony Sycamore told Cointelegraph the crypto-related stock rally is “coming off the back of Bitcoin’s spectacular gains in recent months,” which is up nearly 152% YTD and is closing in on $42,000 — it has already hit a 19-month high.

Sycamore said investors see crypto stocks as a way to gain crypto exposure until the United States approves spot Bitcoin exchange-traded funds (ETFs).

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Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East Desert

Large Immersion Cooled Crypto Mining Farms to Extract Bitcoin in Middle East DesertA project to build two large-scale facilities for cryptocurrency mining is underway in the United Arab Emirates (UAE). The high-tech data centers will rely on a full immersion solution to cool the power-hungry miners as the desert climate renders air-cooled mining infeasible, participants said. Advanced Crypto Mining Facilities in Abu Dhabi to Defy Cooling Challenges […]

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin

Bitcoin miner Marathon Digital hit with another SEC subpoena

The first subpoena was given to Marathon in the third quarter of 2021, concerning whether it may have violated federal securities laws relating to its data center in Hardin.

Bitcoin (BTC) miner Marathon Digital has disclosed that it received another subpoena from the United States Securities and Exchange Commission relating to its 100-megawatt data center in Hardin, Montana.

According to Marathon’s quarterly report filed May 10, it received the subpoena on April 10 “relating to, among other things, transactions with related parties” that occurred while it was creating the facility in Montana, adding:

“We understand that the SEC may be investigating whether or not there may have been any violations of the federal securities law. We are cooperating with the SEC.”

The subpoena is the second one received by Marathon regarding the facility. It also received one late in the third quarter of 2021 in which the SEC ordered the firm to produce a number of related documents and communications.

A Marathon spokesperson declined to provide any additional comments.

Related: Bitcoin ‘under siege’ by BRC-20 coins as fees soar, claims analyst

On May 9, Marathon announced that it had partnered with digital assets infrastructure company Zero Two to create a large-scale immersion Bitcoin mining facility in Abu Dhabi.

The facility would consist of two mining mines with a combined 250-megawatt capacity, and Marathon noted that while mining in Abu Dhabi would normally be infeasible, its “custom-built immersion solution” would be sufficient to ensure the mining rigs remained cool.

The announcement came just two months after the Biden administration proposed a new tax for crypto miners operating in the U.S., which would require them to pay a tax equal to 30% of the cost of any electricity used while mining for crypto.

Magazine: $3.4B of Bitcoin in a popcorn tin — The Silk Road hacker’s story

Top Analyst Says Blue Chip Ethereum Rival Eyeing Fresh 2024 Highs, Updates Outlook on Bitcoin and Dogecoin