Bitcoin Miners Fee Decline Seen Raising Risk of Forced Selling, Kaiko Says [BNN Bloomberg (Canada)]
Marathon Digital Holdings, Inc. (MARA)
Last marathon digital holdings, inc. earnings: 8/14 04:00 pm
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Source: BNN Bloomberg
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. 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 the drop in rewards. The price of Bitcoin has increased after the prior three halvings. Bitcoin is little changed since the April 19 software change. Fees had spiked to almost $150 in April following the halving, when there was a surge in nonfungible tokens being minted on the Bitcoin blockchain. The increase served as a short-term respite for the miners before the fees returned
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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 [Financial Post (Toronto, Ontario, Canada)]Financial Post
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