Why Bitcoin Mining Stock Marathon Digital Is Moving Higher After Hours
Why Bitcoin Mining Stock Marathon Digital Is Moving Higher After Hours
Marathon Digital Holdings Inc (NASDAQ:MARA) shares are moving higher after the bell on Thursday after the Bitcoin (CRYPTO: BTC) miner announced an increase to its hash rate target.
What Happened: After the market close on Thursday, Marathon Digital said it's increasing its hash rate target for fiscal-year 2024 from a previous range of 35 EH/s to 37 EH/s to a new target of 50 EH/s.
The bitcoin mining company began the year with approximately 24.7 EH/s and had been targeting growth of approximately 46% by year's end. Marathon said it's raising its new target based on current machine orders and available capacity following recent acquisitions.
"Given the amount of capacity we have available following our recent acquisitions and the amount of hash rate we have access to through current machine orders and options, we now believe it is possible for us to double the scale of Marathon's mining operations in 2024 and achieve 50 exahash by the end of the year," said Fred Thiel, chairman and CEO of Marathon Digital.
"With our current liquidity position, this growth target is also fully funded and there is no need for us to raise additional capital to achieve our objective."
Marathon noted that it will provide further information on its new hash rate target when it reports earnings on May 9. Analysts expect the company to report earnings of 22 cents per share on revenue of $180.69 million, according to estimates from Benzinga Pro.
MARA Price Action: Marathon Digital shares were up 5.15% after hours at $19.98 at the time of publication, according to Benzinga Pro.
Photo: Shutterstock.
Marathon Digital Holdings Inc (NASDAQ:MARA) shares are moving higher after the bell on Thursday after the Bitcoin (CRYPTO: BTC) miner announced an increase to its hash rate target.
馬拉松數字控股公司(納斯達克股票代碼:MARA)股價在週四收盤後走高,此前這家比特幣(加密貨幣:BTC)礦商宣佈提高其哈希率目標。
What Happened: After the market close on Thursday, Marathon Digital said it's increasing its hash rate target for fiscal-year 2024 from a previous range of 35 EH/s to 37 EH/s to a new target of 50 EH/s.
發生了什麼:在週四收盤後,馬拉松數字表示將把2024財年的哈希率目標從之前的35EH/s至37EH/s的範圍提高到50EH/s的新目標。
The bitcoin mining company began the year with approximately 24.7 EH/s and had been targeting growth of approximately 46% by year's end. Marathon said it's raising its new target based on current machine orders and available capacity following recent acquisitions.
這家比特幣礦業公司今年年初的產量約爲24.7 EH/s,目標是到年底增長約46%。馬拉松表示,在最近的收購之後,它將根據當前的機器訂單和可用產能提高其新目標。
"Given the amount of capacity we have available following our recent acquisitions and the amount of hash rate we have access to through current machine orders and options, we now believe it is possible for us to double the scale of Marathon's mining operations in 2024 and achieve 50 exahash by the end of the year," said Fred Thiel, chairman and CEO of Marathon Digital.
Marathon Digital董事長兼首席執行官弗雷德·泰爾表示:“考慮到我們最近收購後的可用容量以及通過當前機器訂單和期權獲得的哈希率,我們現在認爲,我們有可能在2024年將馬拉松的採礦業務規模擴大一倍,到年底達到50 exahash。”
"With our current liquidity position, this growth target is also fully funded and there is no need for us to raise additional capital to achieve our objective."
“鑑於我們目前的流動性狀況,這一增長目標也已獲得充足的資金,我們沒有必要籌集額外資金來實現我們的目標。”
Marathon noted that it will provide further information on its new hash rate target when it reports earnings on May 9. Analysts expect the company to report earnings of 22 cents per share on revenue of $180.69 million, according to estimates from Benzinga Pro.
馬拉松指出,它將在5月9日公佈業績時提供有關其新哈希率目標的更多信息。根據Benzinga Pro的估計,分析師預計,該公司將公佈每股收益22美分,收入爲1.8069億美元。
MARA Price Action: Marathon Digital shares were up 5.15% after hours at $19.98 at the time of publication, according to Benzinga Pro.
MARA價格走勢:根據Benzinga Pro的數據,馬拉松數字股價盤後上漲5.15%,至19.98美元。
Photo: Shutterstock.
照片:Shutterstock。
譯文內容由第三人軟體翻譯。
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