Bitcoin miner Marathon Shares Up 23% Despite 42% Production Plunge
Bitcoin mining company Marathon Digital Holdings has seen a 23% increase in its shares despite a 42% drop in its production. The company’s shares rose from $26.12 to $32.14 on Monday, marking a significant increase despite the decrease in production. Marathon’s mining operations have been affected by the recent crackdown on cryptocurrency mining in China, which has led to a decrease in the company’s production. However, the increase in the company’s shares suggests that investors are still optimistic about its long-term prospects. Marathon has been working to increase its mining capacity in the United States, and the recent increase in its shares indicates that investors are confident in the company’s ability to recover from the production plunge. The company’s CEO, Fred Thiel, has expressed confidence in Marathon’s ability to navigate the challenges in the cryptocurrency mining industry and continue to grow its operations. Despite the recent setbacks, Marathon’s shares have continued to perform well, indicating that investors are still bullish on the company’s future.
09 лютого 2024
