Saturday, July 6, 2024
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In the spotlight

Shares of Marathon Digital, a bitcoin mining company, overtook shares of Tesla and Apple in one day.

On December 27, 2023, the daily trading volume of Marathon Digital shares reached $327 million. The company surpassed such technology giants as Tesla, AMD and Apple in this indicator. Over the past month, the share price of Bitcoin miner Marathon Digital has increased by 184%.

On December 27, 2023, the daily trading volume of shares of Bitcoin miner Marathon Digital reached $327 million. Over 105 million MARA were sold per day, according to YahooFinance .

Thanks to this activity, the company managed to outperform such technology giants as:

  • Tesla;
  • Nio;
  • AMD;
  • Intel
  • Apple and others.

At the time of writing, MARA shares are trading at $31.07, according to TradingView . The company's market capitalization exceeds $6 billion.

In 2023, the company's stock prices increased by 772%, over the past month - by 184%.

On December 19, 2023, the company acquired two mining centers with a total capacity of 390 MW. The transaction amount was $178.6 million. After the conclusion of this transaction, the total capacity of the company’s equipment reached 910 MW.

Earlier, Marathon Digital announced the launch of a pilot project for a mining center that operates on methane. The 280 kW facility is located in Utah.

Let's remember that we wrote that Marathon Digital mined 1242 BTC in September 2023.

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