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Stock impact report

Marathon Digital Holdings Announces Kaspa Mining Operations [Yahoo! Finance]

Marathon Digital Holdings, Inc. (MARA) 
Last marathon digital holdings, inc. earnings: 8/14 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.marathonpg.com
Company Research Source: Yahoo! Finance
Fort Lauderdale, FL, June 26, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc (NASDAQ: MARA ) ("Marathon" or "Company") , a global leader in leveraging digital asset compute to support the energy transformation, today announced that the Company is mining Kaspa (KAS), a proof-of-work (PoW) digital asset, to further diversify its portfolio of digital asset compute. Kaspa is currently the fifth largest proof-of-work digital asset by market cap. It boasts a market cap of $3.9 billion with approximately $64.8 million in daily trading volume as of June 25, 2024. The circulating supply is approximately 24 billion KAS with a current block reward of 103.83 KAS, and the terminal supply is capped at 28.7 billion KAS. Similar to Bitcoin, Kaspa is an open-source, decentralized, and fully scalable Layer-1 protocol that uses proof-of-work as its consensus mechanism. However, unlike Bitcoin's blockchain, which is linear and processes one block every ten minutes, Kaspa utilizes a BlockDAG Show less Read more
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