As a seasoned crypto investor with a knack for spotting promising opportunities, this latest move by Marathon Digital Holdings (MARA) has caught my attention. With a lifetime of investing experience under my belt, I’ve learned to appreciate companies that are not only profit-driven but also forward-thinking and ambitious. MARA seems to tick all those boxes with its strategic Bitcoin purchases and expansion plans.
Marathon Digital Holdings, a company specializing in Bitcoin mining, has been investing substantially to expand its assets.
Based on the article from X, MARA Corporation acquired approximately 11,774 Bitcoins for about $1.1 billion, with each Bitcoin costing roughly $96,000. They financed this purchase by emitting zero-coupon convertible notes, a form of debt that can later be transformed into company shares.
On December 9, 2024, MARA was holding about 40,435 Bitcoins, which were valued at around $3.9 billion considering a Bitcoin price of $96,500. During the current quarter, the company earned a yield of 12.3% on its Bitcoin holdings, while year-to-date, this figure rose to 47.6%, showcasing substantial returns from their Bitcoin investments.
Beyond just buying Bitcoin, MARA is also increasing the scale of its mining activities. The firm has secured several Bitcoin mining facilities, such as a 200-megawatt data center located near a wind farm in Texas, which it plans to utilize for boosting its mining capabilities and promoting eco-friendly energy practices.
Read More
- CRK Boss Rush guide – Best cookies for each stage of the event
- Fortress Saga tier list – Ranking every hero
- Glenn Greenwald Sex Tape Leak: Journalist Cites “Maliciously Political” Motives
- Mini Heroes Magic Throne tier list
- Grimguard Tactics tier list – Ranking the main classes
- Cookie Run Kingdom Town Square Vault password
- Castle Duels tier list – Best Legendary and Epic cards
- How to Prepare and Dominate the Awakened Hollyberry Cookie Update
- Hero Tale best builds – One for melee, one for ranged characters
- Overwatch Stadium Tier List: All Heroes Ranked
2024-12-10 19:48