Marathon Digital
Marathon Digital Downgraded on Headwinds From Compute North’s Bankruptcy
Global financial services firm BTIG's Gregory Lewis has downgraded bitcoin miner Marathon Digital's stock from "buy" to "neutral" following headwinds from Compute North's bankruptcy filing. "The Hash" hosts discuss what this means for Marathon Digital and the state of bitcoin mining.
Bitcoin Miner Marathon Digital Downgraded at BTIG on Headwinds From Compute North’s Bankruptcy
Marathon Digital’s primary mining hosting provider, Compute North filed for Chapter 11 protection Thursday afternoon.
Compute North Files for Bankruptcy as Crypto-Mining Data Center Owes up to $500M
The company's CEO stepped down earlier this month and its COO will serve as the president.
Ether Price Trades Flat After Successful Ethereum Merge
Ethereum’s transition from proof-of-work to a proof-of-stake system was successfully completed just after 2:30 a.m. ET, or 5:30 a.m. GMT at block 15537391.
Crypto Stocks Tumble After Bitcoin Falls on Higher-Than-Estimated Inflation
Digital asset miners were among the worst performers on Tuesday.
Marathon Digital Energized 25,000 Miners in August, Produced 184 Bitcoins
The company had previously faced issues of mining rigs installed, but with no energy service.
Bitcoin Miner Marathon Digital Targets Trimmed by Cowen
The bank did lift its share price target to $9, but that remains below the stock's current level of about $14.
House Lawmakers Send Letters to 4 US Crypto Miners Asking for Details on Environmental Impact
Core Scientific, Riot Blockchain, Marathon Digital and Stronghold Digital received the letters from members of the Committee on Energy and Commerce.
Bitcoin Miner Marathon to Start Energizing Texas Rigs at Compute North Facility
The dramatic decline in bitcoin prices led to a $127.6 million impairment on the company's BTC holdings in the second quarter.
Marathon Doubles Loan Borrowing Capacity to $200M as Mining Rigs Sit Idle
The firm doubled its credit from Silvergate Bank even as Marathon's operations are facing severe downtime and delays.
