Lowe's Companies reported Wednesday fiscal first-quarter profit, sales and same-store sales that rose above expectations, and provided an upbeat outlook, but the home improvement retailer's stock fell 1.5% in premarket trading amid a broad market selloff. With the price of BTC (BTC-USD) … Cost of sales rose 23.8%, with gross margin improving to 33.3% of sales from 33.1%. “To help our investors better model our rapid growth, we have opted to publish a timeline that outlines when we expect to receive the miners that we have already purchased from Bitmain. Crypto markets shift from buy, buy, bitcoin to bye, bye bitcoin, in a nanosecond --- and market technicians say that the digital asset may have more room to fall in the near-term as a monthslong bullish trend unravels. “I think we’re in a capitulation phase. A return to the accord could allow for the removal of U.S. sanctions on Iran’s crude exports and bring more supply to the market.Elsewhere, Bitcoin fell to the lowest since February after the People’s Bank of China reiterated that the digital tokens cannot be used as a form of payment. Lowe's said the "very strong" sales momentum it saw in the first quarter has continued in May, with fiscal 2021 sales currently "tracking ahead" of previous guidance of $86 billion. As a result, the Company’s active mining fleet at the end of the first quarter of 2021 consisted of approximately 6,800 miners, generating approximately 0.71 EH/s. “We’re looking at this saying: Alright, on sale. Sie können Ihre Auswahl jederzeit ändern, indem Sie Ihre Datenschutzeinstellungen aufrufen. Chief Executive Officer Thierry Bollore has outlined plans to cut costs by 2.5 billion pounds and reduce headcount by 2,000 while accelerating an electrification drive.The company said it has reduced expenses to lower its breakeven point to 400,000 vehicle sales a year, from 600,000 in 2019.Tata said its own operations will show a “relatively weak” performance in the current quarter as the Covid-19 outbreak hampers production and commodity prices increase. 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. About. He reiterated full-year cash and profit-margin targets.JLR is staging a recovery after wrangling with uncertainty over Brexit and stricter emissions limits in the past few years. Projected Hashrate. “As our first quarter bitcoin production numbers indicate, we are clearly beginning to scale as new miners come online on a daily basis. That beat the FactSet consensus for earnings per share of $2.61. Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon” or “Company”), one of the largest enterprise Bitcoin self-mining companies in North America, reported financial results for the first quarter ended March 31, 2021. "Better-than-expected year-to-date results and a supportive macroeconomic backdrop build the company's confidence in its ability to deliver strong results for the fiscal year, including continued market share gains and the achievement of a 12% operating margin," the company said in a statement. Produced 162.1 new minted bitcoins during April … Marathon Digital stock currently has a market capitalization of $1.9 billion. “The mainstream adoption will come from institutional investors over time and regardless of Elon Musk.”Still, for all the eye-watering moves lately, Bitcoin is far less volatile than it used to be. The company said it spent $3.1 billion during the quarter to repurchase 16.8 million shares. Bitcoin's smaller rivals are eroding its share of the $2 trillion digital currency market. In that event, the value of our securities could decline and you could lose part or all of your investment. These companies mine … 196 Bitcoins Produced During the First Quarter of 2021 Increases Total Bitcoin Holdings to Approximately 5,134.2 BTC . Forward-Looking StatementsStatements 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. Projected Hashrate. Marathon in particular is up over 10,000%, which has investors worried that it's too late to get in on the mining party. This timeline is, of course, subject to change, but it is our hope that the added transparency will allow investors to better understand Marathon’s growth potential. Marathon Digital Holdings aims to build the largest mining operation in North America at one of the lowest energy costs. Miner Installations and Hash Rate GrowthAs of March 31, 2021, Bitmain has delivered approximately 10,300 S-19 Pro ASIC miners to the Company’s mining facility in Hardin, MT, all of which were delivered on time and as scheduled. Total Bitcoin Holdings to Increase to Approximately 5,292 BTC as Marathon’s Hashrate Increases to Approximately 1.29 EH/s LAS VEGAS, May 03, 2021 (GLOBE NEWSWIRE) — Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon” or “Company”), one of the largest enterprise Bitcoin self-mining companies in North America, today published … LAS VEGAS, April 05, 2021 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today published unaudited bitcoin (“BTC”) production and miner installation updates for the first quarter, ended March 31, 2021. Get inside Wall Street with StreetInsider Premium. Since Marathon Digital Holdings is a Bitcoin mining company, it makes sense to understand how the company fares as a miner. Glossary; What is Mining… The risks and uncertainties we describe are not the only ones facing us. Marathon Digital Holdings is one of the four largest cryptocurrency miners along with SOS Limited (NYSE: SOS), Bit Digital (NASDAQ: BTBT) and The9 Limited (NASDAQ: NCTY). While Marathon continues to build out its Hardin, MT mining facility and install miners, adverse weather conditions in March created temporary installation headwinds. Shares of Marathon Digital Holdings (NASDAQ: MARA), a company mining and holding Bitcoin (CRYPTO: BTC), fell on Tuesday following the release of financial results for the first quarter of 2021. For a decade now individual retirement accounts and company 401(k) plans have been booming thanks to the stock market’s giddy rise. Investor NoticeInvesting in our securities involves a high degree of risk. Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon” or “Company”), one of the largest enterprise Bitcoin self-mining companies in North America, reported financial results for the first quarter ended March 31, 2021. About; Investors; Contact; Bitcoin. LAS VEGAS, April 05, 2021 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today published unaudited … Durch Klicken auf "Alle akzeptieren" stimmen Sie zu, dass Verizon Media und unsere Partner Informationen durch die Nutzung von Cookies und ähnlichen Technologien auf Ihrem Gerät speichern und/oder darauf zugreifen und Ihre personenbezogenen Daten verarbeiten, um personalisierte Werbung und Inhalte anzuzeigen, für die Messungen von Werbung und Inhalten, für Informationen zu Zielgruppen und zur Produktentwicklung. (Bloomberg) -- Deutsche Bank AG has appointed a new head of investment banking coverage in the U.K. and Ireland.Daniel Ross will join the German lender in September from Barclays Plc, where he was vice chairman of U.K. investment banking and global head of media, according to a statement Wednesday.Based in London, Ross will report to Patrick Frowein and Berthold Fuerst, co-heads of investment banking coverage and advisory in Europe, the Middle East and Africa at Deutsche Bank.The German group has also named Scott Bell chairman of its investment banking business in the U.K. and Ireland, in addition to his role as global co-head of consumer, according to an internal memo seen by Bloomberg News.A representative for Deutsche Bank confirmed the contents of the memo.Deutsche Bank ranks 15 for mergers and acquisitions advisory in the U.K. and Ireland this year, according to data compiled by Bloomberg. It’s not long ago that the company was re-branded as Marathon Digital Holdings. Others, like Dogecoin, have no such ambitions, and are barely used in payments or business. At one point during the meltdown, nearly $1 trillion was wiped off the cryptocurrency's market capitalization. Marathon Digital Holdings Inc. [NASDAQ: MARA] jumped around 3.42 points on Friday, while shares priced at $23.08 at the close of the session, up 17.40%. Projected Hashrate. That’s a really great time to buy no matter what the asset is.”Wood has consistently loaded up on shares of Coinbase Global Inc. in the past two weeks as the cryptocurrency exchange has dipped below its April direct listing reference price and to a record low on Wednesday.In the interview, Wood also addressed the prospects for a Bitcoin exchange-traded fund to be approved in the U.S. this year, which appears to some less likely after a string of comments from regulators. At the start of 2021, our mining fleet consisted of 2,560 miners, generating 0.25 EH/s. After the pullback, the token now trades around $43,000 and some analysts say the market still looks precarious, especially as the fate of Bitcoin becomes tied to Musk’s Twitter outbursts.“I would definitely expect reduced appetite going forward,” said Felix Dian, founder of crypto-focused MVPQ Capital in London, which counts 70% of its investors as institutions. Cost of electricity. Nine of the main 11 S&P 500 industry groups declined, with energy stocks leading losses as oil prices dropped amid a report that significant progress has been made to revive the U.S.-Iran nuclear deal. 5 Stocks Under $10 That Are Poised to Take Off Stocks have been volatile after touching a record in early May as investors assessed economic growth prospects against a Covid-19 resurgence in countries including India. 196 Bitcoins Produced During the First Quarter of 2021 Increases Total Bitcoin Holdings to Approximately 5,134.2 BTC. This company has achieved the unimaginable in mining by being Among the major "altcoins" - as all cryptocurrencies aside from bitcoin are known - some such as ethereum aspire to be the backbone of a future financial system. The live event will feature Origin Co-Founder and Co-CEO John Bissell and Co-CEO Rich Riley, as well as Artius CEO Boon Sim. Innovation is on sale. Marathon Digital Holdings – Building America's Leading Enterprise Bitcoin Miner. 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. Focused on building America's leading enterprise bitcoin miner. LAS VEGAS, April 05, 2021 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today published unaudited bitcoin (“BTC”) production and miner installation updates for the first quarter, ended March 31, 2021. Marathon Digital Holdings (NASDAQ: MARA) is one of the original Nasdaq-listed Bitcoin (CRYPTO: BTC) mining stocks, CEO Merrick Okamoto said … If any of these risks were to occur, our business, financial condition or results of operations would likely suffer. Marathon does not control. As of 2:15 p.m. EST, the stock was up 10%. Block reward & blocks per year. Shares of Marathon Digital Holdings (NASDAQ:MARA) gained on Wednesday following the company's announcement regarding a new Bitcoin mining pool. Fed Vice Chair Richard Clarida said Monday that the weak U.S. jobs report showed the economy had not yet reached the threshold to warrant scaling back asset purchases. Italy, the original epicenter of the crisis in Europe, will phase out its national curfew in the coming weeks, and tough curbs are gradually easing across Germany. Bitcoin Production UpdateIn the first quarter of 2021, Marathon’s mining fleet produced 196 newly minted bitcoins. Sales more than doubled in China and increased 10% in North America.All model ranges except Jaguar-brand autos were back to pre-Covid levels in the quarter, lifting JLR’s market share to 6%. (Bloomberg) -- European bond yields and the euro got an early boost Wednesday, driven by upcoming auctions and expectations for accelerating price pressures amid the continent’s reopening.The German 10-year yield’s ascent to a two-year high was followed by a slightly weaker auction, while its two-year counterpart climbed to the highest level since August. Forward-looking statements can be identified by the use of words such as “may,” “will,” “plan,” “should,” “expect,” “anticipate,” “estimate,” “continue,” or comparable terminology. Goldman Sachs Group Inc. and Morgan Stanley also announced plans to offer their clients exposure to crypto.With hordes of new retail and institutional investors piling in, prices shot up from $29,000 in January and reached $60,000 last month. Since Marathon Digital Holdings is a Bitcoin mining company, it makes sense to understand how the company fares as a miner. Oh and by the way, the bull market had broadened out.”More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. AT&T investors are on the run after the company shocked Wall Street by unloading its WarnerMedia division to Discovery. 196 Bitcoins Produced During the First Quarter of 2021 Increases Total Bitcoin Holdings to Approximately 5,134.2 BTC Projected Hashrate Projected Hashrate LAS … Price of bitcoin. Apr 5, 2021 12:15 PM UTC. Minutes from the latest Federal Reserve meeting, due Wednesday, may offer clues on inflation pressure and hints of a timeline for tapering stimulus. “The only direction yields can go is higher.”Authorities across Europe are loosening restrictions as infection rates fall and vaccinations rise. Marathon is a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. Government-imposed lockdowns have shuttered sales outlets and halted factories’ production lines.“While demand remains strong, the supply situation over the next few months is likely to be adversely impacted by disruptions from Covid-19 lockdowns in India and semiconductor shortages worldwide,” Tata said in a statement.Charge TakenThe group booked a 1.5 billion-pound ($2.1 billion) charge initially flagged in February related to JLR’s shift to electric models, though its net loss still narrowed.Tata Motors closed 3.5% higher before the company released earnings. Claim your 1-week free trial here. Stocks fell on Monday, resuming last week's declines as investors' concerns around rising inflation persisted. Marathon Digital Holdings to Launch the First North American-Based Bitcoin Mining Pool, Fully Compliant with U.S. Marathon Digital Holdings is well known as the first Bitcoin mining team in the United States. This company has achieved the unimaginable in mining by being The primary story here is Marathon's update of its Bitcoin mining operations. Marathon Digital Holdings is a bitcoin mining company. Delivery Schedule of MinersWhile delivery schedules are subject to change given macro factors including but not limited to weather, customs processing, shipping logistics, etc., the Company currently anticipates receiving miners from Bitmain as follows: All miners are currently expected to be installed and fully operational by March 31, 2022. First Quarter and Recent Financial Highlights The token is now worth about as much as it was when Tesla first disclosed in February its intention to buy some.Musk has always been tongue in cheek with his crypto dabbling, but his latest posts have sown confusion across the industry and revived the debate over whether the nascent asset class is a serious investment.Can Bitcoin ever be a hedge against inflation and gold alternative with volatility like this? 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, 2020. Its mandates in the regions have included a role advising TDR Capital and I Squared Capital on a 2.3 billion-pound ($3.2 billion) takeover for Aggreko Plc, one of the world’s biggest suppliers of portable power generators.Last week it advised U.K. encryption software firm Arqit Ltd. on its decision to go public through a $1.4 billion merger with Centricus Acquisition Corp., the blank-check company led by former Deutsche Bank dealmaker Garth Ritchie. Sales increased 24.1% to $24.42 billion, above the FactSet consensus of $23.81 billion, as same-store sales grew 25.9% to beat expectations of 20.7% growth. Wood made the prediction even as the leading cryptocurrency tumbled on Wednesday. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. The answer is yes.”More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. (Bloomberg) -- Jaguar Land Rover’s Indian owner reported a pretax profit for the three months through March as a recovery in Chinese demand lifted sales of the automaker’s luxury sports cars and SUVs.Tata Motors Ltd. posted fourth-quarter earnings of 57 billion rupees ($23 million) before tax and one-time items on Tuesday, rebounding from a loss of 65 billion rupees a year earlier. About Marathon Digital HoldingsMarathon is a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. Shares of Marathon Digital Holdings (NASDAQ:MARA), a company mining and holding Bitcoin (CRYPTO:BTC), fell on Tuesday following the release of financial results for the first quarter of 2021. Marathon Digital Holdings … LAS VEGAS, March 30, 2021 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, … 196 Bitcoins Produced During the First Quarter of 2021 Increases Total Bitcoin Holdings to Approximately 5,134.2 BTC. LAS VEGAS, April 05, 2021 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today published unaudited bitcoin (“BTC”) production and miner installation updates for the first quarter, ended March 31, 2021.. (Adds Deutsche Bank advisory roles from sixth paragraph)More stories like this are available on bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P. IPO Edge will host a fireside chat with Origin Materials, Inc. (“Origin” or “Origin Materials”) and Artius Acquisition Inc. (NASDAQ: AACQ, “Artius”) on Monday, May 24 at 2pm ET to discuss their pending merger. Additionally, all discussions of financial metrics assume mining difficulty rates as of March 2021. That was up from 4.4% in the first three months of the financial year, with the new Defender sport utility vehicle spurring gains.Chip IssueThe global shortage of semiconductors has affected JLR since the quarter ended, forcing the carmaker to suspend production at its Castle Bromwich and Halewood plants for a limited period.The company is working with suppliers to resolve the issue, though Chief Financial Officer Adrian Mardell said it could contribute to a small Ebit loss in the current quarter, which is always JLR’s weakest for cash flow. And is it simply a running joke on Twitter for the world’s second-richest man?These questions are resonating with GAM Holding AG, which oversees 124.5 billion Swiss francs ($138 billion), as unpredictable swings in crypto are proving a major drawback.“Its volatility is so huge that it can actually distract clients from their investment goals,” said Julian Howard, head of multi-asset solutions at the firm. What happenedShares of cryptocurrency-mining companies Riot Blockchain (NASDAQ: RIOT) and Marathon Digital Holdings (NASDAQ: MARA) continued their descent on Wednesday. It last traded just below $38,000.“We go through soul searching times like this and scrape the models, and yes our conviction is just as high,” she said.Although Elon Musk has soured on Bitcoin due to its environmental impact, Wood said once renewables are incorporated into the Bitcoin mining technology, like she expects, “Elon will come back and be part of that ecosystem.”Musk’s quick change in opinion on the largest cryptocurrency may have been caused by pushback from institutional shareholders like BlackRock, she said.Despite her long-term conviction, Bitcoin and other digital coins may face more pain before mounting a comeback.“You never know how low is low when a market gets very emotional,” she said. Get inside Wall Street with StreetInsider Premium. Total Bitcoin Holdings to Increase to Approximately 5,292 BTC as Marathon’s Hashrate Increases to Approximately 1.29 EH/s LAS VEGAS, May 03, 2021 (GLOBE NEWSWIRE) — Marathon Digital Holdings, Inc. (NASDAQ:MARA) (“Marathon” or “Company”), one of the largest enterprise Bitcoin self-mining … Corporate expenses. Benson Durham of Cornerstone Macro LLC says Bitcoin’s correlation to other assets, therefore its impact on overall portfolio swings, is a more relevant metric for investors.By that measure, there’s “not much change to write home about during the recent pullback,“ he wrote.Meanwhile, crypto insiders say the Musk-driven volatility is just a temporary blip and will soon blow over.“We take a longer view, and investors would be right to do the same,“ said Greg King, chief executive officer of Osprey Funds, which offers crypto trust funds. Therefore, the stock is trading at less than two times FY2022 revenue potential, indicative of … Marathon to Produce Bitcoin that is Fully AML and OFAC Compliant by Exclusively Processing Transactions that Meet U.S. Regulatory Standards. Fortunately, these delays were temporary. Preliminary First Quarter 2021 Highlights, Produced 196 new minted bitcoins in the first quarter of 2021, increasing total bitcoin holdings to 5,134.2 with a fair market value of approximately $301.9 million as of March 31, 2021, At March 31, 2021, cash on hand was approximately $212 million and total liquidity, defined as cash and bitcoin holdings, was approximately $513.9 million, Received approximately 10,300 S-19 Pro ASIC miners from Bitmain during the first quarter of 2021. That is a 4,081% increase in power in approximately one year. What happenedShares of cryptocurrency-mining companies Riot Blockchain (NASDAQ: RIOT) and Marathon Digital Holdings (NASDAQ: MARA) continued their descent on Wednesday. “The odds are going up now that we have had this correction,” she said.Although her funds have taken a hit this year, with her flagship Ark Innovation ETF down more than 34% from its high in February, the firm’s product line-up hasn’t yet faced a monthly outflow, she said.“There were a lot of commentators out there, shall I say, screaming about how our ETFs would have to shut down, which is impossible,” she said.In fact, the move toward value sectors that’s caused her funds to suffer is encouraging to her.“The forces that the coronavirus put in motion supporting all of the innovation in which we invest, they’re not looking back,” she said. LAS VEGAS, April 05, 2021 (GLOBE NEWSWIRE) -- Marathon Digital Holdings, Inc. (NASDAQ:MARA) ("Marathon" or "Company"), one of the largest enterprise Bitcoin self-mining companies in North America, today published unaudited bitcoin (“BTC”) production and miner installation updates for the first quarter, ended March 31, 2021. “First, because of the loss of momentum from a technical perspective, but also because of the extreme sensitivity on environmental issues.”Because Bitcoin has no underlying fundamentals, such as profit streams or interest payments that help anchor the value of stocks and bonds, it’s inherently a speculative bet on market trends in the years ahead.“It’s the ultimate momentum trade,” said Wayne Wicker, chief investment officer at Vantagepoint Investment Advisers. Marathon Digital Holdings, Inc. (NASDAQ: MARA) operates cryptocurrency mining machines to harvest bitcoin. Meanwhile, the euro earlier approached three-year highs against both the dollar and yen, before trading little changed at $1.2211 as of 11:00 a.m. in London.European bond yields “are moving based on higher inflation expectations and the reopening of the economy,” said Althea Spinozzi, fixed income strategist at Saxo Bank. New miners are being installed on a daily basis, and based on current delivery and installation schedules, Marathon continues to expect all previously purchased miners to be fully installed by the end of the first quarter of 2022. Marathon Digital Holdings is another bitcoin mining company in North America. Marathon Digital Holdings Company Contact:Jason AssadTelephone: 678-570-6791Email: Jason@marathondh.com, Marathon Digital Holdings Investor Contact:Gateway Investor RelationsMatt Glover and Charlie SchumacherTelephone: 949-574-3860Email: MARA@gatewayir.com.
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