MARA Stock Prepares for 3x Rally As Marathon Digital Plans Big AI Push

Quick Summary:

Bitcoin miner Marathon Digital (NASDAQ: MARA) has faced major headwinds with Bitcoin halving this year which reduced the mining rewards to half and doubled the mining complexity.

The MARA stock has also suffered with 30% drop year-to-date.

On the other hand, Marathon Digital has been aggressively buying Bitcoins in recent weeks.

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Article Details

Author / Journalist: Bhushan Akolkar

Category: Crypto

Markets: IndiaCanada

Topics: Marathon Digital Marathon Group MARA stock 24/7 Cryptocurrency News AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-26 @ 07:02:10 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 557 words

Reading Time: 4 minutes read

Sentences: 40 lines

Sentence Length: 14 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22718366

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

Update Frequency: 32 posts per day

Year Established: 2017

Headquarters: India

News Last Updated: 9 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #59

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