Oxurion Announces Extraordinary General Shareholders’ Meeting

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Yahoo Finance Video
Bitcoin on track for third worst week of 2024. Here's why.
Bitcoin (BTC-USD) is headed for its third worst week of the year as the crypto market is under pressure. Marathon Digital Holdings (MARA) CEO Fred Thiel joins Catalysts to discuss bitcoin's movement and how Marathon Digital Holdings handles the cryptocurrency's volatility. Thiel points to several issues facing bitcoin that are causing an increased supply in the market. First, Germany's criminal bureau is selling about 50,000 BTC. Japanese bitcoin exchange Mt. Gox is set to distribute a large volume of bitcoin in July as part of its bankruptcy. In addition, miners are selling large amounts of bitcoin to continue to fund and expand their operations. Thiel states that "bitcoin is historically very volatile," adding that Marathon Digital Holdings has a "very strong balance sheet" to deal with the cryptocurrency's swings. He explains that Marathon is focused on diversifying the business, starting a technology division to focus on areas getting a boost from bitcoin mining and the AI race, such as liquid cooling. He adds that the business is also focused on energy harvesting, leveraging bitcoin mining to generate new revenue streams. Thiel points to Marathon's recent initiative in Finland to heat 11,000 homes with the heat from its data center. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl

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Oxurion Announces Extraordinary General Shareholders’ Meeting

Latest stories

Nvidia suffers biggest loss in world history after $646 billion bloodbath: 'This is a concern'

Young Aussie bucks cashless trend and reveals insane results: 'Gone through the roof'

$700 cost-of-living credit coming for millions from next week

A $100 Billion Bet on China’s Economy Sours as Warehouses Empty

I Want to Retire at 60. Will $300,000 in Savings Be Enough?

Your rights when a new car keeps breaking down

The Wealthiest Person in Singapore

Aussie shares leap higher in rebound rally

India’s New Finance Hub in Gujarat Eyes Real-Time Dollar Settlement by 2025

I’m a Passive Income Enthusiast: 6 Methods That Are Making Me Rich

Bitcoin Posts Biggest Drop in Two Months as Liquidations Pick Up

What are family trusts?

I’m a Self-Made Millionaire: Here’s the Biggest Money Mistake I’ve Survived

Coinbase shares are down about 13% over 2 weeks alongside tumbling Bitcoin

Yen Is Under Pressure Even as Japan Steps Up Its Verbal Warnings

Fed officials are talking down the chance of rate cut this year

Nvidia sees around £339bn wiped off market value in three-day sell-off

An Intrinsic Calculation For nLIGHT, Inc. (NASDAQ:LASR) Suggests It's 34% Undervalued

European Stocks Set to Rise, Aussie Gains on CPI: Markets Wrap

Bitcoin on track for third worst week of 2024. Here's why.