The company looks like a decent buy on weakness just now.

Bitcoin miners selling some of their holdings and scaled back expectations for interest-rate cuts have dragged on the cryptocurrency.

Revenues Increase 223% to a Record $165.2 MillionNet Income Increases 184% to a Record $337.2 Million, or $1.26 per Diluted ShareAdjusted EBITDA Increases 266% to a Record $528.8 Million Fort Lauderdale, FL, May 09, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), global leader in leveraging digital asset compute to support the energy transformation, reported its financial and operational results for the first quarter ended March 31, 2024. First Q

After dropping to a low of $59,117.50, Bitcoin (BTC-USD) is back above $63,000, creating big opportunity for some of the best crypto mining stocks to buy. Even better, the digital currency could race even with two nearing catalysts. For one, according to CoinDesk.com, “May 15 marks the deadline for institutional investment managers to file form 13-F with the Securities and Exchange Commission. If more firms are shown to have purchased the newly approved spot bitcoin exchange-traded funds during

After a big rally in the first two months of the year, Bitcoin (BTC-USD) seems to be consolidating. Amidst the volatility, the cryptocurrency has traded between $60,000 to $70,000. However, with Bitcoin halving done, I expect a fresh rally relatively soon. Therefore, the current consolidation phase is a good time to consider some crypto stocks to buy for quick returns. Besides the Bitcoin halving factor, there is another reason to be bullish on cryptocurrencies. It’s likely that there will be mu

Congress is considering legislation that would put strict limits on stablecoins. Specifically, the bill would reportedly ban unbacked algorithmic stablecoins. In other words, the measure would force stablecoin issuers to own $1 of U.S. currency for each $1 of stablecoins that they release. Since that provision would be very expensive for issuers, many if not most existing stablecoin providers would probably have to cease operations if the law is passed. And under the bill, the Federal Reserve wo

These Bitcoin miners are seeing major upside today amid strength in the price of Bitcoin and spot ETF inflows.

Over the last few weeks, Bitcoin (BTC-USD) plummeted from a high of $71.618 to a recent low of $56.814. Diving along with it were some of the top crypto mining stocks. All thanks to profit-taking, Bitcoin ETF outflows, and vulnerability to the outlook for interest rates, which appears to have cooled with the Federal Reserve’s announcement on Wednesday. However, with a good deal of negativity priced in, investors may want to consider buying the dip in Bitcoin, and in BTC mining stocks. Even bette

S&P MidCap 400 constituent Vistra Corp. (NYSE: VST) will replace Pioneer Natural Resources Co. (NYSE: PXD) in the S&P 500, S&P SmallCap 600 constituent Aaon Inc. (NASD: AAON) will replace Vistra in the S&P MidCap 400, and Marathon Digital Holdings Inc. (NASD: MARA) will replace Aaon in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, May 8. S&P 500 and S&P 100 constituent Exxon Mobil Corp. (NYSE: XOM) acquired Pioneer Natural Resources in a deal that closed today, Fri

- Average Operational Hash Rate Increases 15% M/M to 21.1 EH/s - Increased BTC Holdings to 17,631 BTC; Total Cash and BTC of $1.6 B as of April 30, 2024 - Increased End of Year 2024 Total Installed Hash Rate Guidance to 50 EH/s, Confirmed and Fully Funded Fort Lauderdale, FL, May 03, 2024 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ: MARA) ("Marathon" or the "Company"), one of the world’s largest publicly traded Bitcoin miners and a leader in supporting and securing the Bitcoin ec