Bitcoin Mining Profitability Rose in June as Market Adjusted for the Halving: Jefferies [Yahoo! Finance]
MARA Holdings, Inc. (MARA)
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Source: Yahoo! Finance
The bank also reduced its price target for Argo Blockchain ADRs to $1.20 from $1.50 and for the U.K.-traded stock to 9.5p from 11.9p. Bitcoin {{BTC}} mining was more profitable in June than May as the price of the cryptocurrency rose 2% and the network hashrate dropped by 5%, and as the market adjusted to the effects of the halving, investment bank Jefferies said in a research report on Monday. “June was a month of modest recovery from the immediate impacts of the halving that were most pronounced in May,” analyst Jonathan Petersen wrote. Hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain and is a proxy for competition in the industry and mining difficulty. The quadrennial reward halving , which occurred in April, slowed the rate of growth in bitcoin supply as miners' rewards were cut by 50%. Jefferies cut its price target for hold-rated Marathon Digital (MARA) to $22 from $24. The bank also reduced it
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MARA
News
- Should You Forget Bitcoin and Buy Shiba Inu Instead? [Yahoo! Finance]Yahoo! Finance
- Why the Market Dipped But Marathon Digital Holdings, Inc. (MARA) Gained Today [Yahoo! Finance]Yahoo! Finance
- Marathon Digital Holdings, Inc. (MARA) Is a Trending Stock: Facts to Know Before Betting on It [Yahoo! Finance]Yahoo! Finance
- MARA produces 705 bitcoins in September [Seeking Alpha]Seeking Alpha
- MARA Announces Bitcoin Production and Mining Operation Updates for September 2024GlobeNewswire
MARA
Earnings
- 8/1/24 - Miss
MARA
Sec Filings
- 10/3/24 - Form 4
- 9/20/24 - Form 4
- 9/20/24 - Form 4
- MARA's page on the SEC website