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Cryptocurrency Mining Firm Marathon’s Market Cap Passes $1B

From coindesk.com

Nasdaq-listed cryptocurrency mining firm Marathon Patent Group (MARA) reached a total market value of $1 billion as its shares surged Wednesday to the highest in more than three years, over $17. •Shares of the Las Vegas-based company have soared over 1,700% in the past 12 months. Bitcoin gained roughly 330% over the same period. •Marathon has been mining some cryptocurrency since at least 2016, but considerably increased its focus on mining operations in the past few years. At the cryptocurrency market's prior peak in late 2017, Marathon barely had a $50 million market capitalization. •Coinciding with its recent ... (full story)

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  • Category: Fundamental Analysis