Marathon Digital Holdings, based in Las Vegas, specializes in cryptocurrency mining and blockchain technology, operating around 210,000 mining rigs and having mined 12,852 bitcoins since its IPO in 2014. The company focuses on renewable energy solutions and offers advisory services within the Bitcoin ecosystem.
MARA has been in the news recently: Michael Saylor, executive chairman of Strategy Inc., expressed confidence that the company can withstand a difficult period in the crypto market, despite potential shareholder dissatisfaction. Meanwhile, Brett Winton from ARK Investment Management cautioned that Bitcoin treasury companies, including Saylor's MSTR, may encounter long-term challenges.
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