MARATHON DIGITAL HOLDINGS, INC.

(MARA)
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Real-time Estimate Cboe BZX  -  10:30 2022-08-18 am EDT
15.19 USD   -1.68%
08/11Jefferies Trims Marathon Digital Holdings Price Target to $24 From $25, Maintains Buy Rating
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08/10B. Riley Securities Raises Marathon Digital Holdings' Price Target to $10 from $8, Maintains Neutral Rating
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08/09MARATHON DIGITAL : Quarterly Report for Quarter Ending June 30, 2022 (Form 10-Q)
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Marathon Digital Shares Sink 10% After Storm Disrupts Mining Operations

06/29/2022 | 11:46am EDT

By Denny Jacob


Marathon Digital Holdings Inc. shares sank 10% to $5.79 a day after the company said its mining operations in the Hardin, Mont., region is without power due to a storm earlier in the month.

The company, which engages in mining cryptocurrencies, said its operations in the region are likely to remain offline until the damaged power generating facility can be repaired. Marathon said its miners in Montana may have sufficient power to come back online in a reduced capacity as early as the first week of July based on the latest inspection reports.

Prior to the storm on June 11, the company said it had 30,000 miners deployed in Montana. With these miners offline, the company's bitcoin production is expected to be significantly reduced until repairs are completed or until miners can be relocated to new facilities, Marathon said.


Write to Denny Jacob at denny.jacob@wsj.com


(END) Dow Jones Newswires

06-29-22 1145ET

Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN (BTC/EUR) -2.23% 22939.6 End-of-day quote.-45.42%
BITCOIN (BTC/USD) -2.28% 23315.3 End-of-day quote.-51.16%
MARATHON DIGITAL HOLDINGS, INC. -1.63% 15.26 Delayed Quote.-52.98%
All news about MARATHON DIGITAL HOLDINGS, INC.
08/11Jefferies Trims Marathon Digital Holdings Price Target to $24 From $25, Maintains Buy R..
MT
08/10B. Riley Securities Raises Marathon Digital Holdings' Price Target to $10 from $8, Main..
MT
08/09MARATHON DIGITAL : Quarterly Report for Quarter Ending June 30, 2022 (Form 10-Q)
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08/09MARATHON DIGITAL HOLDINGS, INC. Management's Discussion and Analysis of Financial Cond..
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08/08TRANSCRIPT : Marathon Digital Holdings, Inc., Q2 2022 Earnings Call, Aug 08, 2022
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08/08Earnings Flash (MARA) MARATHON DIGITAL HOLDINGS Posts Q2 Loss $-1.75
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08/08Marathon Digital Holdings Reports Second Quarter 2022 Results Along with Bitcoin Produc..
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08/08Marathon Digital Holdings, Inc. Reports Earnings Results for the Second Quarter and Six..
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08/03MARATHON DIGITAL HOLDINGS, INC. : Entry into a Material Definitive Agreement, Creation of ..
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08/01Marathon Digital Holdings Expands Credit Facilities, Increasing Debt Funding Capacity b..
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Analyst Recommendations on MARATHON DIGITAL HOLDINGS, INC.
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Financials (USD)
Sales 2022 186 M - -
Net income 2022 -223 M - -
Net Debt 2022 731 M - -
P/E ratio 2022 -7,03x
Yield 2022 -
Capitalization 1 805 M 1 805 M -
EV / Sales 2022 13,6x
EV / Sales 2023 3,12x
Nbr of Employees 10
Free-Float 91,9%
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Technical analysis trends MARATHON DIGITAL HOLDINGS, INC.
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Mean consensus BUY
Number of Analysts 8
Last Close Price 15,45 $
Average target price 21,13 $
Spread / Average Target 36,7%
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Managers and Directors
Frederick G. Thiel Chairman & Chief Executive Officer
Hugh J. Gallagher Chief Financial Officer
Ashu Swami Chief Technology Officer
James G. Crawford Chief Operating Officer
Kevin A. DeNuccio Independent Director
Sector and Competitors