MARA Dec 2024 3.000 call
- Yahoo Finance Video
Biden 'very hostile' to bitcoin: Marathon Digital Holdings CEO
With the 2024 presidential election just five months away, Marathon Digital Holdings (MARA) CEO Fred Thiel joins Catalysts to discuss which candidate the cryptocurrency market favors. "Former President Trump has obviously positioned himself as the candidate that is pro-bitcoin (BTC-USD). He believes that all bitcoin should be mined in the US and has been very open in his relationships with bitcoin miners and people in the space," Thiel explains. On the other hand, he says, "the Biden administration has been very hostile to bitcoin," pointing to "Operation Choke Point 2.0" as one way the administration is trying to curb the crypto industry. "Bitcoin serves the needs of everybody. It doesn't have any political color to it. We think both parties should embrace it. And in Congress, we've already seen the Democrats in both the Senate and the House of Representatives embracing bitcoin and crypto legislation," Thiel explains, stressing the importance of bipartisanship. 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
- 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
- GlobeNewswire
Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for May 2024
Average Operational Hash Rate Increases 22% M/M to 25.7 EH/sIncreased BTC Holdings to 17,857 BTC; Total Cash and BTC of $1.5 B as of May 31, 2024 Fort Lauderdale, FL, June 05, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("Marathon" or the "Company"), a global leader in leveraging digital asset compute to support the energy transformation, today published unaudited bitcoin (“BTC”) production and miner installation updates for May 2024. Management Commentary "The streng
