China urges firms to avoid Nvidia H20 chips in sensitive work – Bloomberg
Douglas K. Mellinger, a director of MARA Holdings, Inc. (NASDAQ:MARA), sold 1,000 shares of common stock on July 7, 2025, at a price of $17.42, for a total transaction value of $17,420. The stock, currently trading at $18.46, has shown significant volatility according to InvestingPro data, with a 52-week range of $9.81 to $30.28.
Following the transaction, Mellinger directly owns 174,859 shares of Mara Holdings, representing a small portion of the company’s $6.5 billion market capitalization. The sale was executed under a pre-arranged Rule 10b5-1 trading plan adopted on March 6, 2025. InvestingPro analysis reveals the company maintains a "Fair" overall financial health score of 2.08 out of 5, with 12 additional key insights available to subscribers through the comprehensive Pro Research Report.
In other recent news, Marathon Digital Holdings Inc. (MARA) reported a significant miss in its Q1 2025 earnings, with an earnings per share (EPS) of -$1.55 compared to the forecasted $0.10. Revenue also fell short, coming in at $213.9 million against the expected $223.77 million. Despite this, the company experienced a 30% year-over-year increase in revenue. In terms of operations, MARA achieved a record-breaking bitcoin production in May 2025, mining 282 blocks and producing 950 bitcoins, marking a 35% increase from the previous month.
MARA is also aiming for a hashrate of 75 exahash per second by the end of 2025, indicating over 40% growth from 2024 levels. The company holds nearly 50,000 bitcoins, with some loaned, pledged as collateral, or held in separate accounts. Additionally, MARA is collaborating with TAE Power Solutions to develop a high-frequency responsive load management system for data centers and cryptocurrency mining operations. This partnership aims to create a 10MW clean energy storage network to address energy demands in computing environments.
MARA’s strategic focus includes expanding its energy infrastructure with a 200 MW data center in Ohio and exploring off-grid power solutions. The company maintains a full HODL strategy for its Bitcoin holdings, reflecting confidence in future Bitcoin valuations. Analyst firms have not provided any recent upgrades or downgrades for MARA, but the company’s continued operational expansion and partnerships highlight its ongoing efforts to improve efficiency and resilience.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.