Bitcoin Miners Fee Decline Seen Raising Risk of Forced Selling, Kaiko Says [Financial Post (Toronto, Ontario, Canada)]
Marathon Digital Holdings, Inc. (MARA)
Last marathon digital holdings, inc. earnings: 8/14 04:00 pm
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Source: Financial Post
Author of the article: You can save this article by registering for free here . Or sign-in if you have an account. (Bloomberg) — Lower network fees and reduced rewards for mining Bitcoin raises the risk of forced selling of the digital asset by companies that compete to validate the cryptocurrency's transactions, according to a report from Kaiko Research. Fees have decreased to an average price between $3 and $5, down from around $45 in January, Kaiko data show. In April, a code update referred to as the halving reduced the block rewards received for solving complex equations to process the transactions to 3.125 Bitcoin from 6.25 Bitcoin. Article content This has pressured miners by eroding revenue, making the process less profitable while expenses like energy, wages and rent remain practically the same. The decrease in network fees has also cut into revenue. In the past, subsequent rallies in the price of Bitcoin following a halving have typically helped miners bridge th
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MARA
News
- Bitcoin slumps below $58K for the first time in two months [Seeking Alpha]Seeking Alpha
- MARA Announces Bitcoin Production and Mining Operation Updates for June 2024 [Yahoo! Finance]Yahoo! Finance
- MARA Announces Bitcoin Production and Mining Operation Updates for June 2024GlobeNewswire
- How bitcoin mining drives technology innovation [Yahoo! Finance]Yahoo! Finance
- Bitcoin Miners Fee Decline Seen Raising Risk of Forced Selling, Kaiko Says [BNN Bloomberg (Canada)]BNN Bloomberg
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