🔥Stock Prediction: How will MARA close Thur 29/02 following their earnings?

Click to vote. Guess how will $Marathon Digital Holdings Inc(MARA)$ close Thursday 29/02 following their earnings?? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.

$Marathon Digital Holdings Inc(MARA)$ will be releasing its earnings data after the market closes on Wednesday, February 28th. The Bloomberg Consensus Estimate for revenues in the to-be-reported quarter is pegged at $150.429 million. The consensus mark for the bottom line is pegged at 5.13 cents per share. The company reported a loss of 14 cents per share in the year-ago quarter.

After the U.S. Securities and Exchanges Commission (SEC) approved the futures-based Bitcoin Exchange-Traded Fund (ETF), the demand for Bitcoin (BTC-US) has evidently increased, pushing its price far beyond $50,000 per coin. This surge in demand has had a positive impact on Marathon Digital Holdings , a company with significant holdings in Bitcoin. Indeed, $Marathon Digital Holdings Inc(MARA)$ stock has seen a 35% increase in February.

Aside from financial statements, it is important to keep an eye on Bitcoin's halving event in April, which will reduce mining rewards in half (this occurs every four years). We still do not know if Marathon Digital Holdings can maintain profitability in a situation where short-term volume declines.

How do you feel about MARA's earnings?

💰Event Details

Click to vote. Guess where $Marathon Digital Holdings Inc(MARA)$ will move following their earnings? If you get the correct answer, you may divide 1000 Tiger Coins with other Tigers.
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⏰Event Duration

The deadline for this event is 04:00 on 29 February 2024

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How will MARA close Thursday 29/02?(Single Choice)(Maximum1 votes)

Very Green [over 10%](62 votes)
Green [5% to 10%](45 votes)
Flat [-5% to 5%](18 votes)
Red [-10% to-5%](2 votes)
Very Red [below-10%](4 votes)

Crypto Stock Party! Your Top Pick?

Microstratgy rises over 40% this week. The company adds 3k more Bitcoin recently. COIN is another strong contender, as Coinbase serves as the custodian for spot BTC ETFs. MARA, however, fell 16% on Thursday. ---------------- Which crypto stock is your top pick? Will you jump on the wagon?

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Comments

Guran Gill
02-27
Guran Gill
MARA Ceo spoke about how they are well prepared with cash to embrace the mining fee after halving and are find new ways to improve further more via sustainable mining especially in the middle East Side. it was a great interview clip very insightful. it's out on YT as well.
CYKuan
02-27
CYKuan
$Marathon Digital Holdings Inc(MARA)$ is a crypto stock that can buy and hold, in view of the BTC halving and bank interest hike @Cklew @TigerBrokers @TYGAN @tongfee
Gortan
02-27
Gortan
MARA is riding on the Bitcoin halving trend. I expect that the momentum will continue to push it up after its earning. Let see.
wine18
02-26
wine18
teehee.. firs comment [Happy]
UncleHeng
02-27
UncleHeng
$MicroStrategy(MSTR)$ Long
Success88
02-27
Success88
Green Green Green