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 MARA Holdings buys $1.1B more Bitcoin, hits industry-first 50 EH/s Cointelegraph 10 Dec 2024

MARA Holdings buys $1.1B more Bitcoin, hits industry-first 50 EH/s 💰

MARA Holdings recently acquired nearly 11,800 Bitcoin, investing $1.1 billion. This acquisition has increased their hashrate to an industry-first 50 EH/s, a notable achievement in the cryptocurrency mining industry. However, despite this progress, the company's shares experienced a decline of 4.4% on the day the announcement was made. This share price movement may reflect market reactions to the purchase and the current climate in cryptocurrency investments.

Source: cointelegraph.com ↗