Chart of Day: Marathon Digital (MARA)

You are receiving this email because you are subscribed to Daily Guru Trades. If you no longer wish to receive these emails, please unsubscribe here. With Bitcoin gaining momentum, BTC mining stocks are going along for the ride. Marathon Digital (SYM: MARA), for example, is starting to pivot higher again, as Bitcoin tacks on another $1,367. Helping, Donald Trump and running mate J.D. Vance are both pro-crypto, which could help clear some regulatory hurdles, and create a far more favorable environment for digital assets if he wins the election. Better, the company just announced that it "purchased $100 million of bitcoin and currently holds over 20,000 BTC on its balance sheet. Furthermore, effective immediately, MARA will adopt a full HODL approach towards its bitcoin treasury policy, retaining all bitcoin mined in its operations, and will periodically make strategic open market purchases." Marathon earnings have also been strong. In its first quarter, sales soared 223% to $165.2 million. Net income jumped about 184% to $337.2 million year over year. Adjusted EBITDA also jumped 266% to $528.8 million. Even better, it increased its BTC holdings by 28% year over year to 2,811. Did you miss yesterday's Chart of the Day? Click here to view it now. DC2 Publishing LLC 4260 NW 1st Avenue Suite # 55 Boca Raton, FL 33431 – 4264   Copyright © 2023 Daily Guru Trades, All rights reserved. You are receiving this email as part of your subscription to Daily Guru Trades. If you have any questions, please contact us at support@dailygurutrades.com. Daily Guru Trades is a newsletter offered to the public on a subscription basis. While subscribers receive the benefit of Daily Guru Trades opinions, none of the information contained therein constitutes a recommendation from Daily Guru Trades that any particular security, portfolio of securities, transaction, or investment strategy is suitable for any specific person. 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