MARA acquires $1.5B in Bitcoin to date with convertible notes
It’s beginning to look like a race as miners scramble to buy Bitcoin before the price keeps rallying.
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It’s beginning to look like a race as miners scramble to buy Bitcoin before the price keeps rallying.
CleanSpark joins the crowd in raising funds through convertible notes, but doesn’t plan to invest the proceeds.
MARA’s shares closed down 4.4% on the day after announcing it had purchased nearly 11,800 Bitcoin and boosted its hashrate to an industry record.
The increases partly reflect a “HODL premium” akin to MicroStrategy’s, the analysts said.
The Bitcoin miner will save energy and money by using excess wind power and recycled ASICs at its newly purchased facility in Texas.
MARA Holdings urged the US government to be more aggressive in securing positions in Bitcoin and Bitcoin mining.
According to Bitcoin-only financial services firm River, 62 publicly traded companies use a Bitcoin treasury strategy as of November 2024.
MARA Holdings says there will soon be a heated race among nations to gather Bitcoin, and the US needs to step up its game.
Mara Holdings posted a net loss for Q3 and missed analyst revenue estimates despite mining more Bitcoin blocks and boosting its energized hashrate by 17%.
Depending on the November presidential election outcome, Fred Thiel said he would consider “looking outside the US” for Bitcoin mining firm MARA’s operations.
