- Marathon Digital is forecasted to report a quarterly loss of $0.32 per share, showing a lurching year-over-year slump of 1,500%.
- However, some market experts believe that MARA would be a better bet than MicroStrategy (MSTR) heading into 2025.
- Except for Marathon Digital, the Foundry USA Pool noticed some growth at the time of broadening its lead over Antpool by a whopping 100%.
An American digital asset technology company, Marathon Digital achieved a breakthrough last year by recording a whooping 168% Bitcoin hash rate growth and amplifying itself as an industry leader.
This corresponds to the aim of Donald Trump of creating America as the hub for the BTC generation. However, regardless of this growth, the MARA stock slipped 17% on the year chart with investors anticipating a strong recovery.
The significant annual growth
In 2024, MARA Pool, the mining pool of MARA Holdings listed a significant 168% annual growth in BTC hash rate which means combining its market position even further. This figure far exceeded the 49% growth of a complete network of Bitcoin in that same period, hardening the position of MARA Pool as a leader in the mining industry.
As a consequence, the Bitcoin miner is presenting strongly to Donald Trump’s aim of uplifting US influence in the global Bitcoin mining landscape. In 2024, a milestone was achieved by America’s Bitcoin mining industry apportioning the likes of main Asian players like Antpool.
Except for Marathon Digital, the Foundry USA Pool noticed some growth at the time of broadening its lead over Antpool by a whopping 100%. As per the real-time Cloverpool data, the hash rate of Foundry went up from 157 EH/s in January 2024 to about 280 EH/s by December.
Notwithstanding, Ant pool’s hash rate went up demurely from 130 EH/s to 147 EH/s, falling back the complete network growth of Bitcoin of 49%. At the same time, Marathon Digital has been widening its market dominance, the MARA stock has underachieved market expectations.
MARA- a better bet
The stock ended last year being 18% down. This occurred as the Bitcoin miner took a crucial hit in revenue following the Bitcoin halving event in March last year, which cut the mining rewards by 50%. The global Bitcoin mining industry has been facing the heat of this.
Marathon Digital is forecasted to report a quarterly loss of $0.32 per share, showing a lurching year-over-year slump of 1,500%, as per the Zacks Consensus Estimate. For the complete fiscal year, the consensus approximately expects an earnings loss of about $0.29 per share, resulting in a year-over-year loss of 270.6%.
However, some market experts believe that MARA would be a better bet than MicroStrategy (MSTR) heading into 2025. This is a result of the firm making strategic investments in broadening its Bitcoin mining operations at the time of consolidating its market position.
