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Marathon Digital Holdings

Marathon Digital Holdings, Inc. (MARA) (Q3FY23) – Mara hashing forward

Marathon Digital Holdings being one of the leading mining companies has helped to position itself well among other players. The company majorly mines and holds bitcoin (13,716 coins held as of Q3FY23, highest in the industry), which makes its value highly correlated with the price of bitcoin, leading to a volatile balance sheet at times.
Coinbase- The cryptocurrency industry’s forecasts bring a mix of opportunities and challenges. With growing acceptance and increased institutional investments, the market is on a path of maturation. However, its volatile and speculative nature, compounded by regulatory uncertainties, continues to pose risks.