Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bitcoin mining company MARA Holdings sees 40% surge in shares due to improved mining capacity and rising Bitcoin prices, successfully places $1 billi

Bitcoin mining company MARA Holdings sees 40% surge in shares due to improved mining capacity and rising Bitcoin prices, successfully places $1 billi

CointimeCointime2024/12/03 11:56
By:Cointime

MARA Holdings' (NASDAQ: MARA) shares have surged by almost 40% in the last month, attributed to the company's increased mining capacity and the rising value of Bitcoin. The company has also successfully raised $1 billion in convertible senior notes. MARA's revenue growth has been driven by its improved mining capacity, with its hash rate capacity increasing from 7.0 exahashes per second to 36.9. Despite fluctuations in annual returns, MARA's stock is expected to continue growing due to its improved mining capacity and lower valuation multiple compared to its average P/S ratio over the last three years. The article also mentions the preloading of resources for a video player, including a CSS stylesheet and an HLS script, and the use of an ID to render the player on the page. Additionally, Trefis Market Beating Portfolios are referenced.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

241204: Bitcoin Falls 30% as South Korea Declares Emergency Martial Law

South Korea's crypto markets experienced a sharp decline of up to 30% after President Yoon Suk Yeol declared emergency martial law on Tuesday evening. The president accused opposition parties of destabilizing the government and aligning with North Korea, sparking widespread uncertainty. This announ

Bitget Academy2024/12/04 05:07