Marathon Digital

Marathon Digital

Finance

Bitcoin Miner Marathon Expects to Recover Less Than Half Its Deposit From Bankrupt Compute North

In its monthly update the company also disclosed additions to its bitcoin stack and the payoff of some debt.

MARA Holdings CEO Fred Thiel, at the Bitcoin conference in Miami (CoinDesk)

Videos

Marathon Digital CEO: Players With Strongest Balance Sheets Will Survive Crypto Winter

Marathon Digital CEO Fred Thiel discusses the outlook for the bitcoin mining industry as it continues to see fallout from continued market downturn.

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Finance

Crypto Miner Marathon Digital Mines Record 615 Bitcoin in October

Marathon increased its hashrate by 84% in October in setting its new monthly high.

MARA Holdings CEO Fred Thiel, at the Bitcoin conference in Miami (CoinDesk)

Finance

Wall Street Analyst ‘Pulling the Plug’ on Bitcoin Miners Owing to Bear Market Woes

DA Davidson analyst Chris Brendler downgraded Core Scientific and Argo Blockchain from buy to neutral and said the bank has grown “increasingly concerned” about the miners.

Core Scientific facility in North Carolina. (Core Scientific)

Finance

Binance Pool lanza un fondo de US$500 millones para apoyar la minería de bitcoin

La empresa es la última en unirse al creciente grupo de prestamistas alternativos que buscan inyectar capital en la golpeada industria de la minería.

(Midjourney/CoinDesk)

Finance

Binance Pool Starts $500 Million Fund to Support Bitcoin Mining

The entity is the latest to join the growing ranks of alternative lenders looking to provide capital to the distressed mining industry.

(Midjourney/CoinDesk)

Markets

Crypto Stocks Plunge as Bitcoin Slides to $18.1K on Inflation Data

Coinbase has tumbled 11%, while MicroStrategy, Riot Blockchain, Marathon Digital are all down in the area of 7%.

Las acciones de las criptomonedas se tambalean tras conocerse los datos del CPI. (M/Unsplash)

Videos

S. Korean Judge Reportedly Dismisses Arrest Warrant for Terra Exec Yu; Bitcoin Miner Marathon Invested $31M in Bankrupt Data Center Compute North

A South Korean judge canceled the arrest warrant for Yu, Terra's head of general affairs at Terraform Labs, according to Yonhap News. Plus, Marathon Digital’s investment of $31.3 million in bankrupt data center Compute North.

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Finance

Bitcoin Miner Marathon Invested $31.3M in Bankrupt Data Center Compute North

The miner also has about $50 million in security deposits and prepayment to Compute North for hosting Marathon’s bitcoin miners.

MARA Holdings CEO Fred Thiel, at the Bitcoin conference in Miami (CoinDesk)

Videos

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.

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