{"id":29952,"date":"2024-09-26T17:30:19","date_gmt":"2024-09-26T14:30:19","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=29952"},"modified":"2024-09-26T14:32:36","modified_gmt":"2024-09-26T11:32:36","slug":"marathon-digital-shares-could-gain-3x","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/marathon-digital-shares-could-gain-3x\/","title":{"rendered":"Marathon Digital Shares Could Gain 3X!"},"content":{"rendered":"

Marathon Digital (NASDAQ: MARA) shares could gain 3X if the price of Bitcoin rises to $90,000. The company is taking important steps towards the future by introducing new cooling technologies to address AI demand.<\/p>\n

Bitcoin miner Marathon Digital has faced serious challenges with the Bitcoin halving this year. Mining rewards have been cut in half, while transaction difficulty has doubled. This has caused a 30% decline in MARA shares since the beginning of the year. However, market analysts say MARA shares will not fall further in the near term and have the potential to recover 3X from here. In addition, the company is preparing to respond to AI demand with its current infrastructure.<\/p>\n

Marathon Digital Sets Up a Buy Recommendation from Macquarie<\/h2>\n

Marathon Digital Vice President of Investor Relations Robert Samuels welcomed Macquarie\u2019s positive recommendation for MARA shares.<\/p>\n

Macquarie’s report stated that Marathon Digital is a leader in crypto mining and provides not only mining but also physical and digital infrastructure. The company draws attention with its innovative solutions such as mining pool, miner software, stake in ASIC manufacturer Auradine and advanced two-stage liquid immersion cooling technology.<\/p>\n

Might interest you: Visa Announces Platform That Will Allow Financial Institutions to Issue Stablecoins<\/a><\/em><\/p>\n

The report also emphasized that Marathon aims to increase its operational capacity to 50 EH\/s by the end of 2024 and has a strong stance in the field of social responsibility with sustainable energy solutions such as waste gas and heat recycling.<\/p>\n

Recently, it was reported that the Public Sector Retirement Investment Board of Canada purchased 600,518 shares of MARA, worth approximately $12 million. The board owned 0.21% of Marathon Digital at the end of the second quarter.<\/p>\n

MARA shares are currently trading at $16.14 and have been in the accumulation phase in the $13-16 range for a long time. Market analysts expect a rapid upward movement in MARA shares if Bitcoin prices rise again. After the Bitcoin halving, there was a 57% decrease in mining revenues, but these difficult times are considered to be behind us.<\/p>\n

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You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest news and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Marathon Digital (NASDAQ: MARA) shares could gain 3X if the price of Bitcoin rises to $90,000. The company is taking important steps towards the future by introducing new cooling technologies to address AI demand. Bitcoin miner Marathon Digital has faced serious challenges with the Bitcoin halving this year. Mining rewards have been cut in half,<\/p>\n","protected":false},"author":6,"featured_media":21255,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10,2],"tags":[61,3880,7832,8795],"class_list":["post-29952","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy-news","category-news","tag-bitcoin","tag-marathon-digital","tag-marathon-digital-bitcoin","tag-marathon-digital-shares"],"yoast_head":"\nMarathon Digital Shares Could Gain 3X! - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/marathon-digital-shares-could-gain-3x\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marathon Digital Shares Could Gain 3X! - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Marathon Digital (NASDAQ: MARA) shares could gain 3X if the price of Bitcoin rises to $90,000. 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