Bitcoin Miner Marathon Mined $15M Worth Kaspa Tokens to Diversify Revenue [Yahoo! Finance]
Marathon Digital Holdings, Inc. (MARA)
Last marathon digital holdings, inc. earnings: 8/14 04:00 pm
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US:NASDAQ Investor Relations:
ir.marathonpg.com
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Source: Yahoo! Finance
The miner has brought 30 petahash worth of machines online to mine Kaspa, while 30 more will be starting by the third quarter. Bitcoin {{BTC}} miner Marathon Digital (MARA) is now a multi-coin crypto miner, after it started mining layer 1 protocol Kaspa {{KAS}} to diversify its mining revenue. Kaspa uses a proof-of-work (PoW) consensus mechanism called GHOSTDAG protocol, and unlike bitcoin, it allows multiple blocks to be produced simultaneously. This process helps make transactions faster and provides more block rewards for miners, according to a statement from Marathon. “By mining Kaspa, we are able to create a stream of revenue that is diversified from Bitcoin, and that is directly tied to our core competencies in digital asset compute,” said Adam Swick, Marathon's chief growth officer in the statement. The Kaspa token's price has risen nearly 50% this year, while bitcoin climbed 44%. The broader CoinDesk 20 index is up nearly 16% in the same time period. Marathon starte
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MARA
News
- 3 ETFs That Could Benefit from a Trump Presidency [Yahoo! Finance]Yahoo! Finance
- Kaspa's KAS Token Bucks Broader Market, Surges 26% in a Week [Yahoo! Finance]Yahoo! Finance
- Marathon Digital Holdings, Inc. (MARA) Outpaces Stock Market Gains: What You Should Know [Yahoo! Finance]Yahoo! Finance
- Marathon Digital starts mining Kaspa to diversify its revenue [Seeking Alpha]Seeking Alpha
- Marathon Digital Holdings Announces Kaspa Mining Operations [Yahoo! Finance]Yahoo! Finance
MARA
Earnings
- 5/9/24 - Beat
MARA
Sec Filings
- 6/28/24 - Form 8-K
- 6/20/24 - Form DEFA14A
- 6/14/24 - Form 4
- MARA's page on the SEC website