Marathon Digital Holdings (NASDAQ:MARA), the U.S. cryptocurrency mining company, recently updated investors about its operations and holdings in Bitcoin (CCC:BTC-USD). That might lead to a rise in MARA stock over the long term, especially since its future is pretty bright now.
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On Sept. 3, the company indicated it was now producing Bitcoin at a rate of 469.6 BTC per month. Moreover, the company has accumulated 6,695 BTC tokens. So at the Sept. 15 price of $48,207 per BTC token, their holdings are now worth $322.75 million. That works out to 8.7% of its....More>>>