{"id":2512,"date":"2024-11-12T14:02:07","date_gmt":"2024-11-12T14:02:07","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2512"},"modified":"2024-11-12T14:02:07","modified_gmt":"2024-11-12T14:02:07","slug":"mara-stock-surges-30-on-ohio-power-play-ahead-of-q3-earnings","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2512","title":{"rendered":"MARA Stock Surges 30% On Ohio Power Play Ahead Of Q3 Earnings"},"content":{"rendered":"<div>\n<p><strong>MARA Holdings Inc<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MARA#NASDAQ\">MARA<\/a>), a digital asset technology company engaged in mining cryptocurrencies, saw its shares close at $25.01 on Monday. That\u2019s a whopping 29.92% daily gain following <a href=\"https:\/\/www.benzinga.com\/quote\/MARA\/news\">news of its Ohio power acquisition<\/a>.<\/p>\n<p><strong>What Happened<\/strong>: MARA secured 152 megawatts (MW) of active power across three Ohio sites, with additional approvals for up to 220 MW, acquiring this capacity at an impressively low $270,000 per MW. <\/p>\n<p>MARA&#8217;s acquisition price is on the &#8220;low end of deals,\u201d according to JPMorgan analyst Reginald L. Smith. The company managed to secure favorable economics.<\/p>\n<p>MARA&#8217;s self-mining portfolio already includes 600 MW across Texas and Nebraska. Smith emphasized that MARA&#8217;s vertical integration strategy\u2014owning its own mining sites rather than relying on colocation\u2014enhances mining economics.<\/p>\n<p>Smith estimates that MARA could add 10 EH\/s with the newly acquired Ohio sites in the near term. The Las Vegas-based company could add another 15 EH\/s by &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/analyst-ratings\/analyst-color\/24\/11\/41900750\/mara-stock-surges-30-on-ohio-power-play-ahead-of-q3-earnings\" alt=\"MARA\" stock surges on ohio power play ahead of q3 earnings>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>MARA Holdings Inc (NASDAQ:MARA), a digital asset technology company engaged in mining cryptocurrencies, saw its shares close at $25.01 on Monday. That\u2019s a whopping 29.92% daily gain following news of its Ohio power acquisition. What Happened: MARA secured 152 megawatts (MW) of active power across three Ohio sites, with additional approvals for up to 220 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2512","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2512","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2512"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2512\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2512"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2512"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2512"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}