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MARA

Marathon Patent Group Inc. NASDAQ Capital Market
$36.1
Open: $38.35 High: $40.5 Low: $34.67 Close: $36.25
Range: 2021-03-02 - 2021-03-03
Volume: 34,969,406
Market: Open
Powered by Finage Stock APIDelayed data
MARA
Marathon Patent Group Inc. 11601 Wilshire Boulevard Los Angeles CA, 90025 http://www.marathonpg.com
Marathon Patent Group Inc is a patent and patent rights acquisition and licensing company. The company acquires patents and patent rights from their owners including individual inventors to Fortune 500 companies.
  • CEO: Merrick D. Okamoto
  • Employees: 3
  • Sector: Industrials
  • Industry: Business Services
MARA News
Latest news about the MARA
  • 5 Best-Performing Stocks of the Top ETF of February

    Amplify Transformational Data Sharing ETF (BLOK) topped the list of the best-performing ETFs in February with impressive returns of about 31.8%.

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  • Marathon Patent Group, Inc. (MARA) Dips More Than Broader Markets: What You Should Know

    In the latest trading session, Marathon Patent Group, Inc. (MARA) closed at $30.15, marking a -1.57% move from the previous day.

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  • Marathon Patent Group Announces Name Change to Marathon Digital Holdings

    Rebrand Reflects Marathon’s Position as a Leading Digital Asset Technology Company and One of the Only Pure-Play Bitcoin Investment OptionsLAS VEGAS, Feb. 26, 2021 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, announced that the Company has changed its name to Marathon Digital Holdings, effective March 1, 2021. The name change is part of a broader corporate rebrand that reflects the Company’s commitment to its core competency: mining cryptocurrencies and investing in digital assets. As part of the rebrand, Marathon is also constructing a new corporate website, which is expected to launch in coming weeks. “Now that we have transformed Marathon into one of the only pure-play Bitcoin investment options available, we are rebranding our Company to ensure our image better aligns with our current operations and our long-term objectives,” said Merrick Okamoto, Marathon’s chairman and CEO. “To date we have purchased $150 million worth of Bitcoin and 103,060 of the industry’s premier Bitcoin miners. These strategic investments demonstrate our commitment to this new asset class and our clear path to becoming one of the largest and most efficient miners in North America. The corporate rebrand, including our new name, Marathon Digital Holdings, better represents our mission and the strategy we are implementing to further grow the business.” Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2019. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or Bitcoin hashrate may also materially affect the future performance of Marathon's production of Bitcoin. Additionally, all discussions of financial metrics assume mining difficulty rates as of February 2021. See "Safe Harbor" below. Forward-Looking Statements Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. About Marathon Digital Holdings Marathon is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. Marathon Digital Holdings Company Contact:Jason AssadTelephone: 678-570-6791Email: Jason@marathonpg.com Marathon Digital Holdings Investor Contact:Gateway Investor RelationsMatt Glover and Charlie SchumacherTelephone: 949-574-3860Email: MARA@gatewayir.com

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  • 3 Bitcoin Stocks That Could Crash 31% to 66%, According to Wall Street

    For months, the hottest investment on Wall Street has been an asset you won't even find on Wall Street: Bitcoin (CRYPTO: BTC). This past Friday, Feb. 19, Bitcoin surged above $56,000 per token, pushing its market cap to north of $1 trillion for the first time. Meanwhile, Bitcoin is up 777% over the same time frame.

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  • Analyzing Marathon Patent Group's Unusual Options Activity

    On Monday, shares of Marathon Patent Group (NASDAQ:MARA) saw unusual options activity. After the option alert, the stock price moved down to $43.27. Sentiment: BEARISH Option Type: SWEEP Trade Type: PUT Expiration Date: 2021-03-26 Strike Price: $15.00 Volume: 100 Open Interest: 5772 Three Signs Of Unusual Options Activity Exceptionally large volume (compared to historical averages) is one reason for which options market activity can be considered unusual. The volume of options activity refers to the number of contracts traded over a given time period. Open interest is the number of unsettled contracts that have been traded but not yet closed by either counterparty. In other words, open interest represents the quantity of contracts that individual parties have written but not yet found a counterparty for (i.e. a buyer finding a seller, or a seller finding a buyer). Another sign of unusual activity is the trading of a contract with an expiration date in the distant future. Usually, additional time until a contract expires allows more opportunity for it to reach its strike price and grow its time value. Time value is important to consider because it represents the difference between the strike price and the value of the underlying asset. Contracts that are "out of the money" are also indicative of unusual options activity. "Out of the money" contracts occur when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made with the expectation that the value of the underlying asset is going to change dramatically in the future, and buyers and sellers will benefit from a greater profit margin. Bullish And Bearish Sentiments Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. Using These Strategies To Trade Options Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account. For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts See more from BenzingaClick here for options trades from Benzinga12 Information Technology Stocks Moving In Monday's Pre-Market SessionAnalyzing Marathon Patent Group's Unusual Options Activity© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • I’m Bullish on Crypto, But Not on Marathon Patent Stock

    As the price of Bitcoin (CCC:BTC-USD) continues to climb, so does the price of Marathon Patent (NASDAQ:MARA) stock. The patent troll-turned-crypto miner has seen its shares soar more than 20-fold since November. But is this sustainable for MARA stock? Source: Shutterstock These gains have far outpaced even Bitcoin’s impressive run during the same period. As I wrote previously, this is understandable. With the costs of cryptocurrency mining largely fixed, a rise in the price of Bitcoin will produce an outsized increase in profits for the miner. That’s assuming Marathon already has a substantial crypto mining operation. However, it doesn’t. Take a look at its financial results, and you’ll see the company has generated just $1.5 million in sales over the past 12 months.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Compare that to Marathon Patent’s current market capitalization (around $4.2 billion), and it’s clear things have gotten out of hand. Even with the proceeds of last month’s $250 million registered direct offering, and the company’s Bitcoin mining projections (more below), there’s no guarantee it’ll produce the results needed to justify today’s valuation. With this uncertainty in mind, it makes little sense to buy in at today’s prices (around $45 per share). MARA Stock: Perception Versus Reality With the surging interest in crypto prices, scores of small companies have looked to exploit the situation. It’s similar to what we saw a few years back, during the last “Bitcoin boom.” Companies with no prior interest in the space suddenly started calling themselves “cryptocurrency companies.” 7 Overvalued Stocks Investors Just Don’t Get Tired Of With stocks trading on major exchanges more accessible than Bitcoin itself, this hoodwinks many investors. And, with many buying on the headlines, instead of on fundamentals, shares in these high-flyers can reach unsustainable levels. That’s what it’s starting to look like with this situation. Admittedly, unlike some of the other Bitcoin coattail riders out there, this early stage miner at least has laid out projections that (in theory) could justify its current stock price. As seen from a Feb. 1 press release, Marathon has implied it’ll soon be highly profitable, once it deploys all of its mining hardware. If it can put all of its machines into operation, the company could produce up to 60 bitcoins per day. At current prices ($50,000 per BTC), that means $3 million per day in revenue. With its operating costs at around $4,500 per Bitcoin mined, that could mean $2.73 million per day in gross profit. On an annual basis, that’s near $1 billion in gross profit. To some, numbers like this could help justify the company’s current $4 billion valuation. Yet, mining Bitcoin is far from being a “set it and forget” type of operation. It may sound like all Marathon Patent has to do is plug in its hardware, and wait for the money to roll in. But, there’s no such thing as a free lunch. This aspiring miner will have to overcome substantial hurdles if it wants to live up to expectations. Why This Aspiring Miner Could Fall Flat on Its Face Based on the current price of BTC, it could be generating $1 billion per year, once it fully deploys its mining hardware. However, the aforementioned press release makes mining for crypto sound easier than it is in practice. Namely, it downplays the possible negative impact from what’s known as the “difficulty rate.” What’s that? It’s a measurement of the computing power it takes to mine a Bitcoin block. Over time, difficulty rates have continued to rise. As of late, this rate of difficulty has slowed down. This may give credence to this company’s ambitious projections. Yet, don’t expect a slowing difficulty rate to last for long, given new hardware will soon come online. How could this hurt Marathon Patent? If the “difficulty rate” rises substantially, it’ll mine far less Bitcoin than previously projected. The stock is priced as if its operations will go off without a hitch. But, if hiccups arise, shares have substantial room to fall. Bull Case Remains for Crypto—Just Not for Marathon Patent To be clear, I’ve long been, and will continue to be, one of the biggest crypto bulls out there. But, the bull cases for crypto, and this stock, are not one and the same. While on the surface it may seem current trends support higher prices for Marathon Patent, unfortunately that’s not the case. On paper it claims it could eventually produce 60 bitcoins per day. After expenses, that would mean nearly $1 billion per year in gross profits. Yet, like I said above, mining for crypto is much more difficult in practice. With a high chance of this aspiring miner falling flat on its face, continue to avoid MARA stock. On the date of publication, Matt McCall held a position in Bitcoin. The InvestorPlace Research Staff member primarily responsible for this article held a position in Bitcoin. Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. Click here to see what Matt has up his sleeve now. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden's Presidency The post I’m Bullish on Crypto, But Not on Marathon Patent Stock appeared first on InvestorPlace.

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  • Bitcoin Prices Tease $50,000 As More Wall Street Banks Drawn In

    Bitcoin prices were back below $50,000 Tuesday after topping that milestone for the first time amid more mainstream acceptance.

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  • China’s Cryptocurrency Stocks Left Behind in Bitcoin Frenzy

    (Bloomberg) -- China’s blockchain stocks are missing out on the cryptocurrency mania that has pushed their global peers to record highs.A Bloomberg-curated basket of seven key Chinese A-share stocks with ties to the blockchain technology underpinning cryptocurrencies -- including Shenzhen Forms Syntron Information Co., Shenzhen Ysstech Info-Tech Co. and Brilliance Technology Co. -- has fallen about 16% so far this year, according to data compiled by Bloomberg. That compares with a 36% rise in an Elwood Asset Management index tracking global blockchain-linked shares.“Not every company will stand out in the blockchain sector,” said Reo Liao, a market analyst with IG Australia. “The recent surge in Bitcoin price may suggest that digital currency and digital-asset trading platform concepts will be the ones that attract all investors. That’s why we see all related stocks climb these days.”Global crypto stocks have surged as Bitcoin more than quadrupled in value over the past year, with the Elwood index tracking blockchain-linked shares hitting an all-time high this month. But after successive crackdowns on the industry, including a ban on transactions between fiat and cryptocurrencies in 2017, China lacks a cohort of local stocks tied to digital coin exchanges and trading platforms.Even domestic firms which have worked with Chinese regulators, such as Huobi Group, are listed in Hong Kong, while some of the biggest China-based miners have chosen a U.S.-listing. Canaan Inc. has more than doubled over the last 12 months, and Ebang International Holdings Inc. has jumped over 30% since its mid-2020 listing.The Crypto Mogul Who’s Got the Ear of China’s Central BankChinese firms like Syntron and Ysstech are working elsewhere in the crypto field, developing blockchain technology for various business applications, Liao said. Others work in security tools and banking machines.“These companies have lots of diversification in other areas,” he said. The stocks that have rallied “have high focus on digital currencies. They are more sensitive to the Bitcoin price movement.”Asian BoomElsewhere in Asia, crypto stocks tied more closely to Bitcoin are booming. Monex Group Inc. in Japan and BC Technology Group Ltd. in Hong Kong have more than doubled in value in the past year, while Korea’s Woori Technology Investment Co. has surged more than 70%.The gains are even more massive in the U.S., where crypto miner Marathon Patent Group Inc. has surged more than 3,000% in the past 12 months.China’s cryptocurrency landscape is further complicated by the central bank’s development of the digital yuan at the same time as authorities restrict the wider industry, leaving investors following the government’s lead.“For the most part, retail investors in China follow the ‘supreme leader’ mode when it comes to out-of-the-norm investment structures,” said Stephen Innes, chief global market strategist with Axi.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Bitcoin Is Going to Crash. The Big Question Is When

    The blowout rally in Bitcoin (CCC:BTC-USD) continues. As I write this, the best-known and most-valuable cryptocurrency trades above $47,000, down modestly from an all-time high set on Thursday morning. Source: Shutterstock Bitcoin now has roughly tripled since November, and rallied more than 50% this year. And the optimism makes some sense. Notably, corporations are increasingly comfortable with adopting Bitcoin. BTC saw a big catalyst this week when Tesla (NASDAQ:TSLA) said it would buy $1.5 billion of the crypto. The electric vehicle giant follows earlier adopters like MicroStrategy (NASDAQ:MSTR) and payment companies Square (NYSE:SQ) and PayPal (NASDAQ:PYPL).InvestorPlace - Stock Market News, Stock Advice & Trading Tips The run over the last four months continues what has been an incredible rally. Bitcoin only launched in 2009. It cleared $1 (yes, one dollar) for the first time almost exactly a decade ago. Give or take, BTC has appreciated 4,700,000% in ten years. There have been few assets in the history of mankind to show that kind of appreciation. Simply put, Bitcoin has created millionaires. But the rally hasn’t been without volatility. In fact, volatility and crashes both have been a key part of the Bitcoin experience. Many of those crashes started in environments similar to this one: when all seemed well, and further upside appeared almost guaranteed. That history suggests another reversal is almost certain to occur. That doesn’t mean investors need to rush to sell their BTC immediately, but at the least they should be on their guard. The History of Bitcoin Crashes For skeptics (and I remain one of them), early 2021 looks an awful lot like late 2017. 9 Meme Stocks That Social Media Won't Shut Up About At that time, Bitcoin similarly was soaring. Bitcoin cleared $1,000 on New Year’s Day 2017. By December, it was over $18,000. $20,000 and beyond seemed guaranteed. Cryptos of all kinds were rallying. Initial coin offerings were all the rage. But as good as 2017 was, 2018 was nearly as bad. In U.S. dollars, Bitcoin had been halved by February. By the end of 2018, it was back below $4,000. As an article at the time noted, the 2018 decline was not the first huge drawdown the cryptocurrency had seen. Not even close. In 2012, BTC dropped 49% twice, with one of the declines a three-day, 57% punishment. Another three-day period the following year saw an incredible 83% plunge. On Nov. 19, 2013, BTC lost half its value. Later that month, it began a stretch of over a year in which it went from $1,163 to just $152.40. Even in 2017, a banner year, Bitcoin fell 30% or more five different times. And then there was the roughly 80% plunge that began toward the end of that year. Admittedly, of late the volatility has eased somewhat relative to early trading. Wider adoption and a larger investor base should continue that moderation going forward. Still, we’ve seen this before. Bitcoin can move north in a hurry, but it also can move, and has moved, south at roughly the same pace. Three Catalysts And there are a pair of catalysts that could trigger another decline in 2021. The first is simply the parabolic gains not just in BTC, but across asset classes. We’ve seen a number of stocks go crazy. That doesn’t just include miners like Riot Blockchain (NASDAQ:RIOT) and Marathon Patent (NASDAQ:MARA). It even goes beyond the so-called “Reddit stocks” like GameStop (NYSE:GME) and AMC Entertainment (NYSE:AMC). Commodities have taken off. Even in cryptos, DogeCoin, which started as a joke, now has a market capitalization of $9 billion. There are going to be crashes elsewhere, whether in cryptos, stocks, or commodities. And those crashes may well read across to Bitcoin. Surely there is cross-ownership between Bitcoin and other ‘hot’ assets. Those owners that see losses elsewhere are likely to de-risk by converting BTC to USD. There’s also the regulatory environment. Treasury Secretary Janet Yellen has repeatedly and publicly raised concerns about cryptocurrencies including Bitcoin. Certainly, Yellen can’t ban BTC trading and send its value to zero. But she can impact potentially bullish catalysts, like the long-awaited launch of an exchange-traded fund (which would need to be approved by the U.S. Securities and Exchange Commission). Finally, there’s the possibility that Bitcoin itself simply has run too far. It stands to reason that at least some of the incremental buyers since December are not diehard crypto adherents, who believe Bitcoin can disintermediate large financial institutions. They’re just joining in the fun. In modern trader parlance, there may be some “weak hands” that have jumped on board. They’re not necessarily the type to ride out volatility longer-term. The Case for Staying It bears repeating: these risks don’t mean an investor needs to rush to cash in their Bitcoin. In fact, for a couple of reasons, an investor can believe that both a) Bitcoin will crash again and b) Bitcoin still is worth owning right now. First, the crash may still be a long ways off — and more upside may follow. An analyst could have correctly predicted in early 2017 that BTC was going to crash within a year. A trader who listened to that advice still would have missed out on gains of at least 200%-plus. This rally doesn’t have to end immediately. Second, there’s a case that trying to time the crash (assuming it arrives) is a fool’s errand. Timing the stock market is a notoriously impossible strategy. Bitcoin’s history suggests it isn’t any different. Long-term bulls on Bitcoin (or any other cryptocurrency) can reasonably argue that immense volatility simply is a fact of life, at least for now. But if the long-term bull case plays out, the ability to ride out that immense volatility will pay off, even if there’s some short-term pain along the way. Neither is an unreasonable argument. But crypto holders need to at least understand that we’ve been here before. Short-term bursts of optimism like we’re seeing now almost always are followed by a reversal. I don’t believe this time will be any different, though it remains to be seen how steep that reversal is, and from what point it begins. On the date of publication, Vince Martin did not have (either directly or indirectly) any positions in the securities mentioned in this article. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden's Presidency The post Bitcoin Is Going to Crash. The Big Question Is When appeared first on InvestorPlace.

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  • Argo Blockchain’s 1500% Rise Comes with a Warning: Don’t Buy Me

    Since December, Argo Blockchain (OTCMKTS:ARBKF) stock has ridden the Bitcoin (CCC:BTC-USD) rocket ship to new heights. After listing on the OTC markets last year, the U.K.-listed blockchain mining company has seen shares rise from $0.17 to $2.72 — a stunning 1,500% return. The reason for the outsized returns is simple: cryptocurrency miners have incredibly high operating leverage. That means the doubling in Bitcoin prices since late last year will increase mining profitability by an even greater magnitude. Source: Shutterstock But dig deeper and another truth emerges: U.S. investors are so starved for suitable cryptocurrency investments that value has ceased to matter. As ARBKF stock continues to outrun its primary U.K. listing, smart traders will quickly realize the lunacy of the situation. So, buyer beware. ARBKF’s latest rise is not what it seems.InvestorPlace - Stock Market News, Stock Advice & Trading Tips ARBKF Stock: Detached from ARB Argo Blockchain runs a relatively simple business, operating around 18,000 cryptocurrency mining machines across Quebec, Canada. The company also owns a large chunk of Bitcoin. Beyond that, however, things start to get complicated. 8 Cheap Stocks Under $20 That Could Double That’s because it has two different listings. Its ordinary shares list on the London Stock Exchange (LSE), generating about 70% of the firm’s trading volume. But it also has stock that trades over-the-counter in the United States. These grey-market shares make up the balance of the stock’s trading volume. Typically, shares on different exchanges should march in lockstep since they represent ownership in the same company. Arbitrage traders can eliminate any difference with long-short strategies, earning themselves virtually risk-free profits in the process. But these are not regular times. On Friday, ARBKF jumped about 44% as investors digested news of Argo opening a Texas-based mining operation. The OTC listing now trades at an over 40% premium to its London-based counterpart, a spread that would make most arbitrage traders blink in disbelief. Source: Data courtesy of Thompson Reuters Can Regular Investors Profit? In practice, taking advantage of arbitrage opportunities is harder than it seems. ARBKF stock’s run came fifteen minutes after the London Exchange’s closing bell, so buyers would have needed access to an after-hours market. And on the U.S. side, most brokerages do not allow investors to short OTC stocks, making ARBFK far harder to sell. The price difference, however, should serve as a clear warning to investors buying ARBKF stock. Though prices can act irrationally in the short-run, they eventually converge to fair value. A similar run sent the stock soaring to $0.75 on Dec. 28, a 200% premium to its underlying London shares. The two converged the following day, leaving U.S. investors nursing significant losses. When markets reopen next week, investors can expect the same story to eventually play out. Argo to Investors: “Crypto Investing is Broken” It’s easy to see the allure of cryptocurrency stocks like ARBKF stock. With significant companies — from Tesla (NASDAQ:TSLA) to Mastercard (NYSE:MA) — starting to get into Bitcoin, any firm that provides the tools of the trade should profit. And mining companies fall in that bucket. The mania, however, has also highlighted the flaws in cryptocurrency mining businesses. In January, Argo announced they had bought 172.5 Bitcoin, joining Marathon Patent Group (NASDAQ:MARA) in switching from mining the currency to buying it outright. That’s because cryptocurrency mining is a low-margin business — miners exist only to convert cash and electricity into cryptocurrency. Few of them have any special sauce of their own. Instead, most mining firms wait for months to buy the latest Antminers (mining hardware), usually at a handsome premium to list prices. And by the time these firms receive the machines, a new generation of miners would have rendered the old ones halfway-obsolete. Instead, they rely on rising cryptocurrency prices to outweigh their massive energy costs. The winners, meanwhile, are companies like Bitmain and MicroBT that produce mining equipment. Some believe these firms are worth upwards of $50 billion. What to Do with Argo Blockchain? As investors look for their next cryptocurrency investment, they should remember this: crypto miners are a leveraged play on Bitcoin prices. People looking for the same upside can buy Bitcoin options on the Chicago Mercantile Exchange (CME). And as a bonus, call options have limited downside. So, when it comes to companies like Argo Blockchain, investors might consider BTC options instead of ARBKF stock. Because when shares on a London exchange rise only slightly one day and the same stock on the OTC one goes up over 40%, something is amiss. On the date of publication, Tom Yeung did not have (either directly or indirectly) any positions in the securities mentioned in this article. Tom Yeung, CFA, is a registered investment advisor on a mission to bring simplicity to the world of investing. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Play to Profit from Biden's Presidency The post Argo Blockchain’s 1500% Rise Comes with a Warning: Don’t Buy Me appeared first on InvestorPlace.

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  • Price Of Bitcoin Hits High As Two More Financial Giants Add Crypto Support

    Mastercard will support some cryptocurrencies on its network this year, and Bank of New York Mellon plans to transfer, store and issue the digital assets.

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  • Marathon: Higher Bitcoin Price Merits Higher Valuation

    There’s no stopping Bitcoin right now. BTC is now trading at all-time highs and dragging any satellite companies associated with it along for the ride. Case in point: Shares of bitcoin miner Marathon (MARA) skyrocketed 67% this week, taking 2021’s tally to a year-to-date gain of 260%. The rising bitcoin price has demanded a rethink from H.C. Wainwright analyst Kevin Dede regarding his Marathon model. Accordingly, Dede increased his 2021 estimates from the prior revenue forecast of $161.2 million and EPS of $1.10 to $195.7 million and $1.20, respectively. Bitcoin is known for its volatility and an investment in it requires dealing with the prospect of massive drops as well as the huge forward strides. Dede points out that from an analyst’s perspective, keeping pace and “offering forecasts” due to the “rash unpredictability and the weak relationship between bitcoin price and network hash” is no easy task, either. The problem right now is that Dede’s forecast is based around Bitcoin’s price remaining stable in the $35,000 price range. The recent surge beyond that level further enhances his point. “One might argue a flattish view forward on price could be read as conservative in light of the overarching economic environment and bitcoin's ‘promotion’ to alternative asset by leading investment houses,” the 5-star analyst says. The company might be focused on mining Bitcoin, but it recently invested $150 million of the $250 million of capital it raised in January in acquiring 4,812.66 BTC. Not only does the purchase allow Marathon to further reap the benefits of a rising Bitcoin price, Dede says, it also provides a “solid platform from which to offer financial instruments to hedge both its long position and its mining efforts against network hash rate, bitcoin price, and electricity rates should its next facility be subject to power cost changes.” To this end, Dede rates MARA shares a Buy along with a $30 price target. However, the stock’s latest moves have sent the share price beyond Dede’s target, which now represents 23% downside from current levels. It will be interesting to see whether the analyst downgrades his rating or keep upgrading his target. (To watch Dede’s track record, click here) Marathon still appears to be flying under Wall Street’s radar and Dede’s is currently the sole analyst review on record. (See MARA stock analysis on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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  • Implied Volatility Surging for Marathon (MARA) Stock Options

    Investors need to pay close attention to Marathon (MARA) stock based on the movements in the options market lately.

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  • Understanding Marathon Patent Group's Unusual Options Activity

    Shares of Marathon Patent Group (NASDAQ:MARA) saw some unusual options activity on Tuesday. Following the unusual option alert, the stock price moved down to $32.07. Sentiment: BEARISH Option Type: SWEEP Trade Type: CALL Expiration Date: 2021-02-12 Strike Price: $30.00 Volume: 1820 Open Interest: 7273 Three Indications Of Unusual Options Activity One way options market activity can be considered unusual is when volume is exceptionally higher than its historical average. The volume of options activity refers to the number of contracts traded over a given time period. The number of contracts that have been traded, but not yet closed by either counterparty, is called open interest. A contract cannot be considered closed until there exists both a buyer and seller for it. Another indicator of unusual options activity is the trading of a contract with an expiration date in the distant future. Additional time until a contract expires generally increases the potential for it to grow its time value and reach its strike price. It is important to consider time value because it represents the difference between the strike price and the value of the underlying asset. Contracts that are "out of the money" are also indicative of unusual options activity. "Out of the money" contracts occur when the underlying price is under the strike price on a call option, or above the strike price on a put option. These trades are made with the expectation that the value of the underlying asset is going to change dramatically in the future, and buyers and sellers will benefit from a greater profit margin. Understanding Sentiment Options are "bullish" when a call is purchased at/near ask price or a put is sold at/near bid price. Options are "bearish" when a call is sold at/near bid price or a put is bought at/near ask price. Although the activity is suggestive of these strategies, these observations are made without knowing the investor's true intentions when purchasing these options contracts. An observer cannot be sure if the bettor is playing the contract outright or if they're hedging a large underlying position in a common stock. For the latter case, the exposure a large investor has on their short position in common stock may be more meaningful than bullish options activity. Trading Options With These Strategies Unusual options activity is an advantageous strategy that may greatly reward an investor if they are highly skilled, but for the less experienced trader, it should remain as another tool to make an educated investment decision while taking other observations into account. For more information to understand options alerts, visit https://pro.benzinga.help/en/articles/1769505-how-do-i-understand-options-alerts See more from BenzingaClick here for options trades from Benzinga12 Information Technology Stocks Moving In Tuesday's Pre-Market Session12 Information Technology Stocks Moving In Monday's Intraday Session© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Elon Musk Just Added Another Potential Catalyst For Tesla Stock

    Bitcoin surged Monday after Tesla announced it would buy $1.5 billion of the cryptocurrency and accept it as a form of payment.

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  • Bitcoin Stocks Trade Sharply Higher After Tesla Propels Bitcoin to New All-Time Highs

    Alternative-energy company Tesla (NASDAQ: TSLA) released its annual report on Monday, and it contained potentially game-changing news for popular cryptocurrency bitcoin (CRYPTO: BTC). The company has started buying bitcoin tokens, and this revelation sent the price of bitcoin to a new all-time high of $44,801.87, according to CoinDesk. With bitcoin suddenly spiking higher, so-called bitcoin stocks (companies with varying degrees of bitcoin exposure) are trading sharply higher as well today.

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  • Why Many Cryptocurrency Stocks Soared in January

    Many cryptocurrency stocks posted strong gains in January, according to data from S&P Global Market Intelligence. Business analytics company MicroStrategy (NASDAQ: MSTR), which has converted its long-term investments from bonds into bitcoin, gained 48.9% in January. Colorado-based bitcoin mining specialist Riot Blockchain (NASDAQ: RIOT) saw a 20.8% share price gain.

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  • TSNP Stock: What’s Going on With Blockchain Play Tesoro Enterprises?

    On Tuesday, Tesoro Enterprises (OTCMKTS:TSNP) announced its plans to move into blockchain trading markets. With shares already up almost 200%, penny-stock investors will likely see more gains as Wall Street punters rush in. Source: Shutterstock Don’t assume long-term success — very few penny stocks ever vault themselves into the big leagues, and Tesoro doesn’t exactly have a great resume either. But if you’re looking to nurse your GameStop (NYSE:GME) and AMC (NYSE:AMC) losses, this flash stock has it all: A well-timed press release in a market that’s starving for blockchain investments. A charismatic CEO who can talk the talk. A crypto market that’s too hot to handle. TSNP Stock: The Blockchain Bonanza TSNP stock isn’t for the faint-hearted. Just a month ago, Tesoro Enterprises was an unknown penny stock that claimed to focus on the “delivery of construction materials for the commercial and residential market places.” The last time the company reported figures to the SEC was in 2012, showing just $360,000 of revenues and a -50% profit margin.InvestorPlace - Stock Market News, Stock Advice & Trading Tips But then management did something quite brilliant. After merging with HUMBL in December, the company launched a press release last Tuesday, renaming itself HUMBL Financial and claiming to create a way for investors to invest in ETF-styled blockchain technology. Shares shot up from 40 cents to $1.40 by the end of the week. Some might rightly wonder if it’s a pump-and-dump. Is HUMBL Blockchain for Real? It’s entirely unclear what a company that delivers construction materials has to do with crypto investing (or why a crypto company would merge with a construction penny stock). But that hasn’t stopped the San Diego-based company from trying. In the press release, the company claimed it would release “non-custodial, algorithmically driven financial technology services that allow customers to purchase and hold digital assets in pre-set allocations through their own exchange accounts.” In plain English, that means the company will help you invest in an ETF-style bucket of cryptocurrencies, but it won’t do it itself. Instead, it will rely on your existing exchange accounts to allocate trades. Presumably, that’s because the company’s original mission of running an exchange-traded fund was a little too hard. The SEC has rejected the far-better funded Gemini ETF’s proposal twice already, so it’s not surprising that HUMBL has also faced similar roadblocks. An non-custodial app, meanwhile, is far easier to launch. That’s not to say HUMBL couldn’t eventually develop a “Web 3 platform that will allow you to invest, trade, track and pay in more synthetic ways on the blockchain,” as it claims it will. But that’s likely years away — if it ever happens at all. Will TSNP Stock Go Up? That doesn’t mean TSNP stock can’t bounce in the meantime. Investors are starved for good cryptocurrency stocks; Marathon Patent Group (NASDAQ:MARA) has a long history of fraud and misrepresentation. Riot Blockchain’s (NASDAQ:RIOT) CEO, meanwhile, has been investigated by the SEC for microcap fraud. That makes any legitimate-sounding company with the word “blockchain” have the potential for massive gains. Whether actually legitimate or not, it doesn’t matter much when the market’s this hot. And with enough retail-investor-fueled momentum, this penny stock could raise enough money to become a self-driving force in cryptocurrencies. Long Island Blockchain? Meet $40,000 Bitcoin. In 2018, the Long Island Iced Tea Corp, a ready-to-drink tea company, rebranded itself as the Long Blockchain Corp. Shares instantly shot up 200% — proof that investors often jump in first and ask questions later. (The company would later fall back to earth and get de-listed). Fortunately, HUMBL looks a little better-prepared than its tea-producing predecessor. With an actual team of engineers (supposedly) and $2.5 million of funding (also supposedly), this company might yet pull off America’s first blockchain ETF. (Hopefully the company will update its financials with the SEC in the mean-time). And if it fails? Well, not all is lost. In a crypto market this hot, it could rebrand itself as a cryptocurrency play and keep watching investors rush in. Just don’t be there if or when the market falls out of Bitcoin. On the date of publication, Tom Yeung did not have (either directly or indirectly) any positions in the securities mentioned in this article. Tom Yeung, CFA, is a registered investment advisor on a mission to bring simplicity to the world of investing. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Stock for the Green Energy Boom The post TSNP Stock: What’s Going on With Blockchain Play Tesoro Enterprises? appeared first on InvestorPlace.

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  • Crush the Cryptocurrency Market With Marathon Patent Group

    If you’re hearing the name Marathon Patent Group (NASDAQ:MARA) for the first time, you might be curious about the company and its connection to cryptocurrency. Moreover, you might be curious as to why MARA stock has been making such big moves with heavy trading volumes lately. Source: Shutterstock People who might be unfamiliar with Marathon Patent Group might think that all the company does is apply for patents. In actuality, the company is an ambitious up-and-coming name in the field of cryptocurrency mining. In fact, Marathon Patent Group is one of the first cryptocurrency mining companies to be listed on the Nasdaq Exchange. The company is not only an early mover in the space, but it is an aggressive competitor among cryptocurrency miners.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Therefore, only firm believers in the future of Bitcoin (BTC) and other digital assets should take a long position in MARA stock. With that in mind, let’s take a glance at Mara’s recent price action. A Closer Look at MARA Stock Some folks might choose to use MARA stock as a proxy or substitute for owning Bitcoin. That’s because Mara’s share price tends to follow the price of Bitcoin, at least to a certain extent. 8 Biometric Stocks to Consider as We Eye a Return to Normal I’m not trying to imply that Mara’s share price exactly corresponds with Bitcoin’s price moves. However, it is notable that MARA stock mirrored Bitcoin’s late-2017 bull move with a price surge of its own. Fast-forward to January of this year, and MARA stock is almost moving in tandem with Bitcoin once again. While Bitcoin was famously spiking to $30,000 and beyond, Mara’s share price was rocketing from the $12 area in December to a 52-week high of $28.37 on Jan. 8. The shares did retrace to the $21 area by early February, but it’s evident that the bulls are in control overall. Still, it’s important to learn as much as you can about the company, rather than just assume that the stock will push higher based on Bitcoin’s bull run. Expanding the Mining Portfolio Some people might say that “more is better” when it comes to Bitcoin mining equipment. That would certainly be the case for those who believe that the price of Bitcoin is going to continue on its upward trajectory. Marathon Patent Group appears to be putting the “more is better” credo into action. As evidence of this, the company made a massive equipment purchase from Bitmain. Specifically, Marathon Patent Group inked a deal with Bitmain to purchase 10,000 Antminer S-19j Pro ASIC miners, bringing Mara’s total to a mind-blowing 33,560 ASIC miners. The purchase is a major upgrade for Mara, to say the least. Bitmain’s Antminer Sales Director of North, Central, and South America Irene Gao elaborated on the equipment’s value: “Equipped with the most advanced chipset currently available, the high-performance and low power consumption of the miners will significantly expand the operations of Marathon’s mining business.” More Exposure to Bitcoin Previously, I emphasized the correlation between MARA stock and the Bitcoin price. That correlation may have been strengthened recently, as Marathon Patent Group isn’t just a miner of Bitcoin now; it’s also an investor in the cyrptocirrency. On Jan. 25, the company announced that it had purchased a whopping 4,812.66 BTC. At that time, Marathon Patent Group’s aggregate purchase price for the Bitcoin was $150 million. Marathon Patent Group Chairman and CEO Merrick Okamoto stated outright that he wants his company to be the “de facto investment choice” for people and institutions seeking exposure to Bitcoin. That’s not just bragging. Marathon Patent Group’s large-scale purchase shows that the company is serious about owning Bitcoin. As a result, MARA stock is becoming one of the most Bitcoin-centric stocks available today. The Bottom Line Is it necessary to like Bitcoin for those who buy MARA stock? It’s not an absolute requirement, strictly speaking. But, it certainly doesn’t hurt. Adding high numbers of Miners and large Bitcoin holdings are the hallmarks of Marathon Patent Group. If you’re on board with that, then MARA stock is absolutely worthy of your consideration. On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next Potential Winner It doesn’t matter if you have $500 in savings or $5 million. Do this now. #1 Stock for the Green Energy Boom The post Crush the Cryptocurrency Market With Marathon Patent Group appeared first on InvestorPlace.

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  • Bitmain Ships 4,000 Antminer S-19 Pro ASIC Miners to Marathon Patent Group

    LAS VEGAS, Feb. 01, 2021 (GLOBE NEWSWIRE) -- Marathon Patent Group, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today announced that 4,000 Antminer S-19 Pro ASIC miners have been shipped from Bitmain to Marathon’s mining facility in Hardin, MT as scheduled. Marathon’s current mining fleet consists of 2,560 miners, generating 248 PH/s (petahash per second). Each S-19 Pro miner produces 110 TH/s (terahash per second) and adds 0.11 PH/s to the Company’s existing operations. Once the additional 4,000 miners are installed, the Company’s mining fleet will consist of 6,560 miners producing approximately 688 PH/s. This represents a 256% increase of our current Hashrate production. To date, the Company has purchased 103,060 miners, which, once delivered and fully deployed, will produce approximately 10.36 EH/s (exahash per second). “This shipment of 4,000 S-19 Pro miners is the first of many we will be receiving from Bitmain in 2021 as we build towards becoming one the largest and most efficient miners in North America,” said Merrick Okamoto, Marathon’s chairman and CEO. “We are very encouraged to see that this order has been processed on time and as anticipated. We expect all 4,000 of these miners to be installed by the end of February, and based on current schedules, we anticipate receiving and installing an additional 6,300 miners in March and another 4,800 in April. “I’d like to thank our partners at Bitmain for their efforts to deliver the record number of miners we have purchased from them as scheduled. The unique relationship we have developed with Bitmain allowed us to secure these miners at rates that were as favorable as possible for our business. Because of the substantial increase in Bitcoin’s price and subsequent increase in demand for mining rigs, these same miners are now being sold in secondary markets at multiples of our original purchase price. “According to publicly available Bitcoin profit calculators, if all the miners we have purchased were deployed today, and Bitcoin’s price were $30,000/BTC, we would produce approximately 55-60 bitcoins per day at an average cost of $4,541/BTC. We would generate approximately $51.5 million in revenue per month and $43.6 million in gross profit per month. As evidenced by this order, and the many to follow, Marathon remains on track to efficiently become one of the largest miners in North America.” Investor Notice Investing in our securities involves a high degree of risk. Before making an investment decision, you should carefully consider the risks, uncertainties and forward-looking statements described under "Risk Factors" in Item 1A of our most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2019. If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. In that event, the value of our securities could decline, and you could lose part or all of your investment. The risks and uncertainties we describe are not the only ones facing us. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. In addition, our past financial performance may not be a reliable indicator of future performance, and historical trends should not be used to anticipate results in the future. Future changes in the network-wide mining difficulty rate or Bitcoin hashrate may also materially affect the future performance of Marathon's production of Bitcoin. Additionally, all discussions of financial metrics assume mining difficulty rates as of January 2021. See "Safe Harbor" below. Forward-Looking Statements Statements made in this press release include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Such forward-looking statements are inherently subject to certain risks, trends and uncertainties, many of which the Company cannot predict with accuracy and some of which the Company might not even anticipate and involve factors that may cause actual results to differ materially from those projected or suggested. Readers are cautioned not to place undue reliance on these forward-looking statements and are advised to consider the factors listed above together with the additional factors under the heading “Risk Factors” in the Company's Annual Reports on Form 10-K, as may be supplemented or amended by the Company's Quarterly Reports on Form 10-Q. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events, new information or otherwise. About Marathon Patent Group Marathon is a digital asset technology company that mines cryptocurrencies, with a focus on the blockchain ecosystem and the generation of digital assets. Marathon Patent Group Company Contact:Jason AssadTelephone: 678-570-6791Email: Jason@marathonpg.com Marathon Patent Group Investor Contact:Gateway Investor RelationsMatt Glover and Charlie SchumacherTelephone: 949-574-3860Email: MARA@gatewayir.com

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