Mo.bi - Crypto Currency Tracker logo Mo.bi - Crypto Currency Tracker logo
Seeking Alpha 2021-12-28 22:35:01

Marathon Digital to buy additional 78K bitcoin miners

Marathon Digital Holdings (NASDAQ:MARA) disclosed in an 8-K filing the purchase of an additional 78,000 next generation Antminer S-19 XP Miners from Bitmain. The new miners were acquired at a purchase price is $879.06M, with 13,000 units being delivered in each of July 2022, August 2022, September 2022, October 2022, November 2022 and December 2022. Earlier in the month, Marathon Digital stock climbed 10% after the company announced purchase of a record number of Antminer S19 XP (140 TH/s) bitcoin miners. Read a recent bullish analysis on MARA, where SA contributor Josh Arnold calls the stock a strong buying opportunity.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.