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Dynamic quotes 
OFFON

MARATHON DIGITAL HOLDINGS, INC.

(MARA)
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Bitcoin surges higher, narrows gap to record high

03/09/2021 | 11:47am EDT
FILE PHOTO: A representation of virtual currency Bitcoin and U.S. One Dollar banknotes are seen in front of a stock graph in this illustration

(Reuters) - Bitcoin rose strongly on Tuesday, on course to gain for a fifth straight day, in a rally that has left the cryptocurrency within touching distance of an all-time high hit last month.

The digital currency was trading up 3.3% at $54,206 amidst a broadly supportive risk rally, climbing toward a record high of $58,354.14 seen on Feb. 21.

Bitcoin has risen about 87% this year, broadly outperforming conventional asset classes, partly due to broader acceptance as a form of payment.

On Tuesday, bitcoin's surge fueled gains in related stocks, sending shares of cryptocurrency miners Riot Blockchain Inc and Marathon Digital Holdings Inc soaring 28% and 22%, respectively.

In recent weeks, companies have taken advantage of bitcoin's strength to raise hundreds of millions of dollars in funding, capitalizing on improved market sentiment.

Bitcoin bank Silvergate Capital Corp on Tuesday launched a $300 million program to sell shares, less than two months since it raised equity, while business intelligence software company MicroStrategy Inc recently issued notes in order to fund more bitcoin purchases.

(Reporting by Aaron Saldanha in Bengaluru; Editing by Shounak Dasgupta)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN (BTC/EUR) -0.59% 52421.27 Real-time Quote.120.95%
BITCOIN (BTC/USD) -0.43% 61023.82 Real-time Quote.110.19%
MARATHON DIGITAL HOLDINGS, INC. -2.85% 49.46 Delayed Quote.373.75%
MICROSTRATEGY INCORPORATED -2.30% 718.52 Delayed Quote.89.28%
OVERSTOCK.COM, INC. -0.02% 80.94 Delayed Quote.68.77%
RIOT BLOCKCHAIN, INC. -3.94% 28.28 Delayed Quote.66.45%
SILVERGATE CAPITAL CORPORATION -1.66% 145.92 Delayed Quote.96.37%
All news about MARATHON DIGITAL HOLDINGS, INC.
10/20Crypto-Related Stocks Surge as Bitcoin Hits New Record High
MT
10/18MARATHON DIGITAL : BitOoda's Sam Doctor Joins Marathon Digital Holdings' Advisory Board
AQ
10/18Marathon Digital Holdings, Inc. Appoints Sam Doctor to Advisory Board
CI
10/15MARATHON DIGITAL : Shares Gain After DA Davidson Starts Coverage at Buy
MT
10/15Crypto-Related Stocks Gain as Bitcoin Rises Above $60,000
MT
10/15MARATHON DIGITAL : DA Davidson Starts Marathon Digital Holdings at Buy With $65 Price Targ..
MT
10/12TRACKINSIGHT : Bitcoin closing in on record high on hopes of US Bitcoin ETF approval
TI
10/07MARATHON DIGITAL HOLDINGS, INC. : Entry into a Material Definitive Agreement, Creation of ..
AQ
10/04MARATHON DIGITAL : Secures $100 Million Revolving Line of Credit
MT
10/04MARATHON DIGITAL : Announces Bitcoin Production and Mining Operation Updates for September..
AQ
More news
Analyst Recommendations on MARATHON DIGITAL HOLDINGS, INC.
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Financials (USD)
Sales 2021 225 M - -
Net income 2021 93,9 M - -
Net Debt 2021 - - -
P/E ratio 2021 52,6x
Yield 2021 -
Capitalization 4 928 M 4 928 M -
Capi. / Sales 2021 21,9x
EV / Sales 2022 6,24x
Nbr of Employees 3
Free-Float 90,8%
Chart MARATHON DIGITAL HOLDINGS, INC.
Duration : Period :
Marathon Digital Holdings, Inc. Technical Analysis Chart | MARA | US5657881067 | MarketScreener
Technical analysis trends MARATHON DIGITAL HOLDINGS, INC.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 49,46 $
Average target price 62,50 $
Spread / Average Target 26,4%
EPS Revisions
Managers and Directors
Frederick G. Thiel Chief Executive Officer & Director
Simeon Salzman Chief Financial Officer
Merrick D. Okamoto Executive Chairman
James G. Crawford Chief Operating Officer
Kevin A. DeNuccio Independent Director
Sector and Competitors
1st jan.Capi. (M$)
MARATHON DIGITAL HOLDINGS, INC.373.75%4 928
RIOT BLOCKCHAIN, INC.66.45%2 714
ARGO BLOCKCHAIN PLC275.76%797