While to the greater Bitcoin culture, Bitcoin halvings are seen as a celebratory event, for miners, things tend to be a tad stressful. As Bitcoiners around the world gather to celebrate block 840,000, miners are hunkering down and preparing for their reward for mining blocks to decrease by 50%, while the cost of their operations…
PhotoTalk Thesis In my original coverage of Marathon Petroleum (NYSE:MPC), I highlighted the company’s diverse revenue streams, strong cash balances, and undervaluation given the sum of its individual parts. Following my original buy recommendation, the company is up over 100%. Now, after more than doubling in share price, the obvious reaction is to wonder if…
Eetum/iStock via Getty Images When I last covered Marathon Digital (NASDAQ:MARA) for Seeking Alpha in December, the Bitcoin (BTC-USD) network was experiencing a dramatic surge in transaction fees as a percentage of total block reward. The potential long term stickiness of transaction fees would be hugely beneficial to BTC miners like Marathon because it would…
Marathon Digital Holdings, Inc. (NASDAQ:MARA) Q4 2023 Earnings Conference Call February 28, 2024 5:00 PM ET Company Participants Charlie Schumacher – VP, Corporate Communications Fred Thiel – Chairman and Chief Executive Officer Salman Khan – Chief Financial Officer Conference Call Participants Tyler DiMatteo – BTIG Joe Flynn – Compass Point Research Reginald Smith – JP…
Marathon Digital Holdings, the largest publicly traded bitcoin miner by market capitalization, has launched Slipstream, a service for individuals to easily submit complex and non-standard transactions to the Bitcoin network. Slipstream is the first instance of a public bitcoin mining company facilitating direct transaction submission services, made possible by the fact that Marathon operates its…
MicroStockHub/iStock via Getty Images Trading at $29.4 at the time of writing Marathon (NASDAQ:MARA) is far below its 2021 peak of $75. Now, historical developments like the regulatory approval of the first Bitcoin (BTC-USD) spot ETF last month and the halving event to take place around April 19 are determining the miner’s performance, especially given…
TomasSereda Marathon Petroleum Corp. (NYSE:MPC) may experience a relatively flat year as the new fiscal year commences. As oil prices are expected to be flat-to-down for CY24 and refined products attempting to make their climb, I anticipate much of the value derived from holding MPC shares will come from buybacks and dividends with some growth…
ismagilov Investment Thesis Marathon Digital Holdings Inc. (NASDAQ:MARA) is a digital asset mining and technology company that focuses on the generation of digital assets and cryptocurrencies, most namely Bitcoin (BTC-USD). Although headquartered in Fort Lauderdale, Florida, the company conducts most of its operations out of Texas and North Dakota. MARA is one of, if not…
Marathon Digital and Riot Platforms, sensing the potential for increased demand, have made strategic moves to fortify their positions in the market. In the last 24 hours, Marathon Digital Holdings Inc (NASDAQ: MARA) has witnessed a remarkable 105 million shares in trading volume, surpassing established blue-chip stocks such as Tesla Inc (NASDAQ: TSLA), Apple Inc…
Recent reports demonstrate that Marathon Digital has been eager to expand its business. The stock of Bitcoin mining company Marathon Digital Holdings Inc (NASDAQ: MARA) has so far seen remarkable growth in 2023. This follows after it surged 628.82% since January 1 to bring its current price to $26.47 on MarketWatch. Although the stock price…
zorazhuang Marathon Petroleum (NYSE:MPC), holds the distinction of operating the largest refining system in the U.S., boasting an oil refining capacity of 2.9 million barrels per day (MMBbl/d). It stands out as a dominant wholesaler of gasoline and distillates. The company’s operations encompass an integrated midstream business, facilitating the transportation, distribution, and marketing of oil…
Isaac Lee/iStock Editorial via Getty Images Stock Snapshot I want to highlight a tool called key market data on Seeking Alpha, which can tell me the performance of various sectors. In today’s research article, I will focus on a stock in the energy sector, which as of late has seen a slump on a year-to-date…
Sibani Das The emergence of an explosive bull market in Bitcoin (BTC-USD) has certainly created some winners and losers in the crypto space. I think we’re a long way from being done with this bull market in Bitcoin and other cryptos. One way to take advantage of that is through mining stocks, one of which…
MichaelRLopez/iStock Editorial via Getty Images Shares of Marathon Petroleum (NYSE:MPC) have been a strong performer over the past year, rising by about 23% as the company has been aggressively reducing its share count with its excess cash on hand and strong free cash flow. Several year ago, I argued MPC was a strong buy due…
Isaac Lee/iStock Editorial via Getty Images Introduction The energy industry consists of three major segments. Upstream – companies that produce oil and gas. Downstream – companies that turn oil and gas into value-added products like gasoline and diesel. Midstream – companies that connect upstream to downstream and any buyer to a seller. In other words,…
In a press release, Marathon Digital Holdings announced a partnership with Nodal Power, a renewable energy developer and operator, to launch a pilot project for mining bitcoin powered solely with energy derived from landfill methane. The already-active 280kW mining project is located in Utah and represents a step forward for the companies in implementing environmentally…
Wolterk The oil market is among the few that offers a general hedge against the most significant risks impacting stocks and bonds. In 2021, the sharp rise in oil and gas prices was a major contributing factor to inflation, hampering the profitability of some stocks and contributing significantly to the rise in interest rates. This…
spawns The Bitcoin (BTC-USD) mining space offers a publicly traded leverage play on the commodity’s price movement. With a slew of Bitcoin spot ETFs potentially entering the marketplace post the SEC decision not to challenge a recent court ruling and the halving cycle rapidly approaching in April 2024, multiple bullish factors are driving the BTC…
Marathon Petroleum Corp. (NYSE:MPC) Q3 2023 Results Conference Call October 31, 2023 11:00 AM ET Company Participants Kristina Kazarian – VP, Finance and IR Mike Hennigan – CEO Maryann Mannen – CFO Rick Hessling – SVP, Global Feedstocks Brian Partee – SVP, Global Clean Products Dave Heppner – SVP, Strategy and Business Development Jim Wilkins…
angkhan Introduction One of the things I discuss in almost every single oil and gas-focused article is the declining growth rates of U.S. shale production. After the Great Financial Crisis, the shale revolution in the U.S. caused the global oil supply to rise. In 2007, the U.S. produced less than 1 million barrels of oil…
hapabapa/iStock Editorial via Getty Images It’s “pleasure at the pump” these days. The average retail price for a gallon of regular unleaded has fallen to near $3.50. Many states, away from the West Coast, are closer to the $3 mark. This is not the best news for refiners as the retail gas price slide comes…
The following report is a collaboration between Marathon Digital Holdings Inc. and Bitcoin Magazine Pro on integrating bitcoin mining into landfill management and methane mitigation. TLDR Landfills are a significant contributor to global methane emissions, which, if mitigated, could have a greater environmental impact than managing carbon dioxide emissions. Conventional methane management methods, such as…
whyframestudio Bitcoin (BTC-USD) has spent most of 2023 consolidating in a fairly narrow range. That is, for an instrument that is used to producing enormous moves in both directions. That has left stocks that depend upon Bitcoin pricing – like miners – also largely searching for direction. However, with Bitcoin testing extremely consequential support again,…
guvendemir It’s been a rough year for most development-stage companies in the precious metals sector and most have underperformed their producer peers. And those scrambling to update in-situ values (calculating the value of all resources) for these deposits and proclaiming that these stocks are dirt-cheap may be having a tough time from a drawdown standpoint,…
imaginima Part I – Introduction Texas-based energy explorer Marathon Oil Corporation (NYSE: NYSE:MRO) released its second-quarter 2023 results on August 2, 2023. Note: This article updates my June 6, 2023 article. I have followed MRO on Seeking Alpha since Dec. 2020. The company owns a multi-basin portfolio in the USA. Furthermore, MRO is also producing…
FreezeFrames Marathon Oil Corporation (NYSE:MRO) produces oil, natural gas liquids and natural gas in the US and the African country of Equatorial Guinea. Last year it acquired private natural-gas focused Eagle Ford company Ensign Natural Resources. In the US, Marathon Oil is primarily active in the Bakken (North Dakota) and Eagle Ford (south Texas) with…
BTC Inc. the leading provider of Bitcoin-related news and events, is thrilled to announce that Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon”), a leader in supporting and securing the Bitcoin ecosystem, has signed a continued sponsorship deal, solidifying its position as a main sponsor of The Bitcoin Conference for the next four years. The agreement includes…
BTC Inc., the leading provider in Bitcoin-related news and events, has announced that Marathon Digital Holdings, Inc. (NASDAQ:MARA), a prominent player in bolstering and securing the Bitcoin ecosystem, has inked a continued sponsorship deal, reaffirming its status as the main sponsor of The Bitcoin Conference for the next four years. The partnership entails Marathon’s prominent…