Marathon Digital Holdings Stock (NASDAQ: MARA)

Marathon Digital Holdings Stock (NASDAQ:MARA), Trade Ideas

Marathon Digital Holdings

Marathon Digital Holdings Inc focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company currently operates in the Digital Currency Blockchain segment. The Crypto-currency Machines are located in the United States.

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Marathon Digital Holdings Inc (NASDAQ:MARA) shares are moving higher after the bell on Thursday after the Bitcoin (CRYPTO: BTC) miner announced an 

Why Bitcoin Mining Stock Marathon Digital Is Moving Higher After Hours

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HealthStream Reports Upbeat Results, Joins Spotify, Ryder System And Other Big Stocks Moving Higher On Tuesday

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The halving is a programmed process in the bitcoin protocol that occurs every 210,000 blocks, or approximately every four years. On Friday, the bitcoin network completed its fourth halving event, marking a significant reduction in the amount of rewards miners receive for successfully mining transactions. Miner rewards were reduced from 6.25 bitcoin to 3.125 bitcoin.

Bitcoin Mining Stocks Are Rising Monday: What&#39;s Going On?

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Marathon Digital Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) shares are moving higher after the bell on Thursday after the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) miner announced an <a href="https://www.benzinga.com/pressreleases/24/04/g38445157/marathon-digital-holdings-increases-2024-hash-rate-target-to-50-exahash">increase to its hash rate target</a>.
What Happened: After the market close on Thursday, Marathon Digital said it&#8217;s increasing its hash rate target for fiscal-year 2024 from a previous range of 35 EH/s to 37 EH/s to a new target of 50 EH/s.
The bitcoin mining company began the year with approximately 24.7 EH/s&nbsp;and had been targeting growth of approximately 46% by year&#8217;s end. Marathon said it&#8217;s raising its new target based on current machine orders and available capacity following recent acquisitions.
&#8220;Given the amount of capacity we have available following our recent acquisitions and the amount of hash rate we have access to through current machine orders and options, we now believe it is possible for us to double the scale of Marathon&#8217;s mining operations in 2024 and achieve 50 exahash by the end of the year,&#8221; said Fred Thiel, chairman and CEO of Marathon Digital.
&#8220;With our current liquidity position, this growth target is also fully funded and there is no need for us to raise additional capital to achieve our objective.&#8221;
Marathon noted that it will provide further information on its new hash rate target when it reports earnings on May 9. Analysts expect the company to report earnings of 22 cents per share on revenue of $180.69 million, according to estimates from<a href="http://pro.benzinga.com"> Benzinga Pro</a>.
Check This Out: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38442912/bitcoins-consolidation-phase-best-met-with-zoom-out-perspective-patience-approach-says-tra">Bitcoin&#8217;s Consolidation Phase Best Met With &#8216;Zoom Out, Perspective, Patience&#8217; Approach, Says Trader</a>
MARA Price Action: <a href="https://www.benzinga.com/quote/MARA">Marathon Digital shares</a> were up 5.15% after hours at $19.98 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Marathon Digital Holdings Increases 2024 Hash Rate Target To 50 Exahash

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$820.00</td>
<td>$60.4K</td>
<td>7.7K</td>
<td>41.9K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$410.00</td>
<td>$28.8K</td>
<td>4.8K</td>
<td>8.5K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$800.00</td>
<td>$28.4K</td>
<td>2.4K</td>
<td>7.4K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$112.00</td>
<td>$26.4K</td>
<td>2.0K</td>
<td>3.1K</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$34.50</td>
<td>$50.0K</td>
<td>4.6K</td>
<td>2.6K</td>
</tr>
<tr>
<td>IBM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$220.00</td>
<td>$33.6K</td>
<td>5.6K</td>
<td>1.7K</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$20.00</td>
<td>$29.4K</td>
<td>10.9K</td>
<td>1.4K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/21/24</td>
<td>$30.00</td>
<td>$29.5K</td>
<td>27.7K</td>
<td>881</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>04/26/24</td>
<td>$1310.00</td>
<td>$51.0K</td>
<td>194</td>
<td>771</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$200.00</td>
<td>$28.6K</td>
<td>15.2K</td>
<td>732</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bearish, expiring in 1 day(s) on April 26, 2024. This event was a transfer of 42 contract(s) at a $820.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $60.4K, with a price of $1440.0 per contract. There were 7744 open contracts at this strike prior to today, and today 41944 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option trade that happens to be bullish, expiring in 1 day(s) on April 26, 2024. This event was a transfer of 60 contract(s) at a $410.00 strike. The total cost received by the writing party (or parties) was $28.8K, with a price of $480.0 per contract. There were 4865 open contracts at this strike prior to today, and today 8526 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a call option trade that happens to be bullish, expiring in 1 day(s) on April 26, 2024. This event was a transfer of 20 contract(s) at a $800.00 strike. The total cost received by the writing party (or parties) was $28.4K, with a price of $1420.0 per contract. There were 2441 open contracts at this strike prior to today, and today 7495 contract(s) were bought and sold. 
• Regarding MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on April 26, 2024. Parties traded 150 contract(s) at a $112.00 strike. The total cost received by the writing party (or parties) was $26.4K, with a price of $176.0 per contract. There were 2074 open contracts at this strike prior to today, and today 3113 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a put option sweep with bullish sentiment. It expires in 1 day(s) on April 26, 2024. Parties traded 500 contract(s) at a $34.50 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $50.0K, with a price of $100.0 per contract. There were 4622 open contracts at this strike prior to today, and today 2669 contract(s) were bought and sold. 
• Regarding IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>), we observe a call option trade with bullish sentiment. It expires in 267 day(s) on January 17, 2025. Parties traded 200 contract(s) at a $220.00 strike. The total cost received by the writing party (or parties) was $33.6K, with a price of $168.0 per contract. There were 5677 open contracts at this strike prior to today, and today 1748 contract(s) were bought and sold. 
• Regarding RIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we observe a call option sweep with bearish sentiment. It expires in 148 day(s) on September 20, 2024. Parties traded 200 contract(s) at a $20.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $147.0 per contract. There were 10999 open contracts at this strike prior to today, and today 1476 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option trade with bullish sentiment. It expires in 57 day(s) on June 21, 2024. Parties traded 250 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $29.5K, with a price of $118.0 per contract. There were 27798 open contracts at this strike prior to today, and today 881 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a call option sweep with neutral sentiment. It expires in 1 day(s) on April 26, 2024. Parties traded 60 contract(s) at a $1310.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $51.0K, with a price of $850.0 per contract. There were 194 open contracts at this strike prior to today, and today 771 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bearish, expiring in 57 day(s) on June 21, 2024. This event was a transfer of 190 contract(s) at a $200.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $28.6K, with a price of $151.0 per contract. There were 15212 open contracts at this strike prior to today, and today 732 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AVGO

INTC

MSFT

NVDA

10 Information Technology Stocks With Whale Alerts In Today's Session

Marathon Digital Holdings's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NYSE">MARA</a>) short percent of float has fallen 5.18% since its last report. The company recently reported that it has 42.96 million shares sold short, which is 16.11% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.0 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Marathon Digital Holdings Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1714062624_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Marathon Digital Holdings has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Marathon Digital Holdings's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Marathon Digital Holdings's peer group average for short interest as a percentage of float is 5.74%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into Marathon Digital Holdings's Recent Short Interest

Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) has outperformed the market over the past 5 years by 35.25% on an annualized basis producing an average annual return of 46.71%. Currently, Marathon Digital Holdings has a market capitalization of $5.21 billion. 
Buying $1000 In MARA: If an investor had bought $1000 of MARA stock 5 years ago, it would be worth $7,094.89 today based on a price of $19.45 for MARA at the time of writing.
<h3>Marathon Digital Holdings's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713907869_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 5 Years Ago Would Be Worth $7,100 Today

WIIM

BTCM

MSTR

Shares of crypto-related stocks are trading higher following the Bitcoin halving.

U.S. stocks were higher, with the Nasdaq Composite gaining over 200 points on Tuesday.
Shares of HealthStream, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HSTM#NASDAQ">HSTM</a>) rose sharply during Tuesday's session following upbeat <a href="https://www.benzinga.com/quote/HSTM/earnings">quarterly results</a>.
HealthStream posted first-quarter GAAP earnings of 17 cents per share, beating market estimates of 11 cents per share. The company's quarterly sales came in at $72.760 million versus expectations of $71.883 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
HealthStream shares jumped 7.4% to $25.91 on Tuesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>MMTec, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTC#NASDAQ">MTC</a>) shares gained 29% to $2.03.</li>
<li>Hibbett, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HIBB#NASDAQ">HIBB</a>) shares climbed 18.4% to $85.85 after the company agreed to be acquired by JD Sports Fashion for $87.50 per share in cash, in a $1.1 billion transaction.</li>
<li>SolarMax Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMXT#NASDAQ">SMXT</a>) shares jumped 15.5% to $9.24.</li>
<li>FuelCell Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FCEL#NASDAQ">FCEL</a>) rose 15.5% to $0.9295.</li>
<li>SES AI Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SES#NYSE">SES</a>) climbed 14.2% to $1.3150.</li>
<li>Virgin Galactic Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPCE#NASDAQ">SPCE</a>) gained 14.4% to $0.8603.</li>
<li>Critical Metals Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRML#NASDAQ">CRML</a>) rose 14.2% to $10.30. Critical Metals named Tony Sage as Chief Executive Officer.</li>
<li>Cartesian Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RNAC#NASDAQ">RNAC</a>) surged 12.7% to $20.59 after Leerink Partners initiated coverage on the stock with an Outperform rating and announced a $39 price target.</li>
<li>Spotify Technology S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPOT#NYSE">SPOT</a>) shares jumped 12.3% to $305.73 following first-quarter financial results.</li>
<li>Heron Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HRTX#NASDAQ">HRTX</a>) gained 11.6% to $2.89 after Capital One initiated coverage on the stock with an Overweight rating and $6 price target.</li>
<li>Sweetgreen, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SG#NYSE">SG</a>) rose 10.3% to $22.42.</li>
<li>Repligen Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGEN#NASDAQ">RGEN</a>) climbed 9.6% to $172.59 as life sciences stocks gained following strong earnings from Danaher.</li>
<li>Mesoblast Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESO#NASDAQ">MESO</a>) surged 9.4% to $6.05.</li>
<li>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) rose 9.2% to $783.26.</li>
<li>Ryder System, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/R#NYSE">R</a>) climbed 9% to $118.82 following better-than-expected quarterly earnings.</li>
<li>Bloom Energy Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BE#NYSE">BE</a>) rose 8.8% to $10.15.</li>
<li>Lifezone Metals Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LZM#NYSE">LZM</a>) gained 8.4% to $7.26.</li>
<li>Sunrun Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>) rose 8.1% to $10.86.</li>
<li>Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) surged 8.1% to $19.00.</li>
<li>BeiGene, Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BGNE#NASDAQ">BGNE</a>) rose 7.4% to $140.70 after the European Commission approved Tislelizumab for non-small cell lung cancer across three indications, including first- and second-line use.</li>
<li>Danaher Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>) rose 7% to $252.49 following better-than-expected first-quarter financial results.</li>
<li>e.l.f. Beauty, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELF#NYSE">ELF</a>) gained 6.6% to $172.15.</li>
<li>Roku, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROKU#NASDAQ">ROKU</a>) shares jumped 6.2% to $62.20.</li>
</ul>
Check This Out: <a href="https://www.benzinga.com/news/24/04/38376714/wall-streets-most-accurate-analysts-views-on-3-energy-stocks-with-over-3-dividend-yields">Wall Street&#8217;s Most Accurate Analysts&#8217; Views On 3 Energy Stocks With Over 3% Dividend Yields</a>

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$800.00</td>
<td>$122.8K</td>
<td>6.2K</td>
<td>50.1K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/19/24</td>
<td>$130.00</td>
<td>$25.9K</td>
<td>1.6K</td>
<td>4.0K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>04/26/24</td>
<td>$700.00</td>
<td>$37.7K</td>
<td>1.7K</td>
<td>4.0K</td>
</tr>
<tr>
<td>RIOT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$9.00</td>
<td>$26.5K</td>
<td>8.6K</td>
<td>2.6K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$23.00</td>
<td>$40.0K</td>
<td>19.4K</td>
<td>2.3K</td>
</tr>
<tr>
<td>MCHP</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$90.00</td>
<td>$51.6K</td>
<td>1.7K</td>
<td>1.8K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$30.00</td>
<td>$46.6K</td>
<td>8.2K</td>
<td>1.4K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>05/17/24</td>
<td>$410.00</td>
<td>$86.8K</td>
<td>4.2K</td>
<td>1.1K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$152.50</td>
<td>$26.8K</td>
<td>709</td>
<td>1.0K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$115.00</td>
<td>$31.0K</td>
<td>1.8K</td>
<td>1.0K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 4 day(s) on April 26, 2024. Parties traded 77 contract(s) at a $800.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $122.8K, with a price of $1595.0 per contract. There were 6224 open contracts at this strike prior to today, and today 50175 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option sweep with bullish sentiment. It expires in 88 day(s) on July 19, 2024. Parties traded 28 contract(s) at a $130.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.9K, with a price of $925.0 per contract. There were 1686 open contracts at this strike prior to today, and today 4086 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a put option trade that happens to be neutral, expiring in 4 day(s) on April 26, 2024. This event was a transfer of 13 contract(s) at a $700.00 strike. The total cost received by the writing party (or parties) was $37.7K, with a price of $2905.0 per contract. There were 1702 open contracts at this strike prior to today, and today 4071 contract(s) were bought and sold. 
• For RIOT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on April 26, 2024. This event was a transfer of 150 contract(s) at a $9.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.5K, with a price of $177.0 per contract. There were 8670 open contracts at this strike prior to today, and today 2630 contract(s) were bought and sold. 
• For PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we notice a call option sweep that happens to be bearish, expiring in 25 day(s) on May 17, 2024. This event was a transfer of 460 contract(s) at a $23.00 strike. This particular call needed to be split into 21 different trades to become filled. The total cost received by the writing party (or parties) was $40.0K, with a price of $87.0 per contract. There were 19464 open contracts at this strike prior to today, and today 2392 contract(s) were bought and sold. 
• For MCHP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), we notice a call option sweep that happens to be bullish, expiring in 25 day(s) on May 17, 2024. This event was a transfer of 397 contract(s) at a $90.00 strike. This particular call needed to be split into 73 different trades to become filled. The total cost received by the writing party (or parties) was $51.6K, with a price of $130.0 per contract. There were 1760 open contracts at this strike prior to today, and today 1865 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bullish, expiring in 151 day(s) on September 20, 2024. This event was a transfer of 200 contract(s) at a $30.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $46.6K, with a price of $233.0 per contract. There were 8254 open contracts at this strike prior to today, and today 1470 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option trade that happens to be neutral, expiring in 25 day(s) on May 17, 2024. This event was a transfer of 100 contract(s) at a $410.00 strike. The total cost received by the writing party (or parties) was $86.8K, with a price of $868.0 per contract. There were 4282 open contracts at this strike prior to today, and today 1118 contract(s) were bought and sold. 
• For SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we notice a call option sweep that happens to be bullish, expiring in 4 day(s) on April 26, 2024. This event was a transfer of 200 contract(s) at a $152.50 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.8K, with a price of $134.0 per contract. There were 709 open contracts at this strike prior to today, and today 1086 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a call option sweep that happens to be bearish, expiring in 25 day(s) on May 17, 2024. This event was a transfer of 100 contract(s) at a $115.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $310.0 per contract. There were 1849 open contracts at this strike prior to today, and today 1030 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

MCHP

ORCL

PLTR

SNOW

10 Information Technology Stocks Whale Activity In Today's Session

Shares of several Bitcoin (CRYPTO: <a href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining stocks including Marathon Digital Holdings Inc (NASDAQ: <a href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>), Riot Platforms Inc (NASDAQ: <a href="https://www.benzinga.com/stock/riot#NASDAQ">RIOT</a>) and CleanSpark Inc (NASDAQ: <a href="https://www.benzinga.com/stock/clsk#NASDAQ">CLSK</a>) are trading higher Monday amid strength in the price of Bitcoin on the heels of the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38345043/bitcoin-shrugs-off-fourth-halving-miner-rewards-halved-price-holds-strong">latest halving event</a>.
What Happened: The halving is a programmed process in the bitcoin protocol that occurs every 210,000 blocks, or approximately every four years. On Friday, the bitcoin network completed its fourth halving event, marking a significant reduction in the amount of rewards miners receive for successfully mining transactions. Miner rewards were reduced from 6.25 bitcoin to 3.125 bitcoin.
Bitcoin has been volatile leading up to the halving. It&#8217;s worth noting that crypto markets have historically rallied in the months following a halving event.
JPMorgan analyst Reginald Smith believes the halving is going to be a big test for mining companies, but sees it as a positive for the strongest operators long term, according to a recent report from <a href="https://www.cnbc.com/2024/04/19/bitcoin-network-completes-fourth-ever-halving-of-rewards-to-miners.html">CNBC</a>. 
"All else equal, the halving will cut industry revenues in half, triggering a wave of consolidation and business closures, while (hopefully) rationalizing the network hashrate and industry capex, which is ultimately good for the remaining operators," Smith reportedly said in a recent note to clients.
<a href="https://www.benzinga.com/quote/MARA" target="_blank" rel="noreferrer noopener">Marathon Digital</a> is engaged in mining digital assets and focuses on the Bitcoin ecosystem. The stock was up 3.03% at $17.01 at publication time. 
Riot Blockchain is focused on building, supporting and operating <a href="https://www.benzinga.com/topic/blockchain" target="_blank" rel="noreferrer noopener">blockchain technologies</a> with a vision to become the leading Bitcoin-driven infrastructure platform. Shares were up 5.15% at $9.61 Monday morning.
<a href="https://www.benzinga.com/quote/CLSK" target="_blank" rel="noreferrer noopener">CleanSpark</a> is an energy company that transitioned its expertise to focus on Bitcoin mining in 2020. Cleanspark shares were up 3.14% at $17.70 at the time of publication.
Check This Out: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38348912/bitcoin-transaction-fees-dive-to-5-year-low-following-halving">Bitcoin Transaction Fees Dive To 5-Year Low Following Halving</a>
$BTC Price Action: Bitcoin was up 1.26% over a 24-hour period, hovering around 65,960 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Bitcoin Mining Stocks Are Rising Monday: What's Going On?

COIN

Shares of crypto-related stocks are trading higher amid a rise in Bitcoin.

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$800.00</td>
<td>$57.2K</td>
<td>23.6K</td>
<td>104.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$170.00</td>
<td>$49.4K</td>
<td>19.8K</td>
<td>30.3K</td>
</tr>
<tr>
<td>ARM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$95.00</td>
<td>$34.5K</td>
<td>1.9K</td>
<td>15.5K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$360.00</td>
<td>$54.5K</td>
<td>3.5K</td>
<td>7.0K</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/19/24</td>
<td>$35.00</td>
<td>$35.0K</td>
<td>12.8K</td>
<td>6.0K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>04/26/24</td>
<td>$800.00</td>
<td>$32.9K</td>
<td>655</td>
<td>4.0K</td>
</tr>
<tr>
<td>FTNT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$65.00</td>
<td>$70.0K</td>
<td>3.2K</td>
<td>2.2K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$160.00</td>
<td>$50.7K</td>
<td>3.2K</td>
<td>2.0K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>05/03/24</td>
<td>$17.00</td>
<td>$50.5K</td>
<td>1.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>04/26/24</td>
<td>$138.00</td>
<td>$26.1K</td>
<td>639</td>
<td>1.3K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 176 contract(s) at a $800.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $57.2K, with a price of $325.0 per contract. There were 23657 open contracts at this strike prior to today, and today 104254 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on April 26, 2024. Parties traded 811 contract(s) at a $170.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $49.4K, with a price of $61.0 per contract. There were 19835 open contracts at this strike prior to today, and today 30300 contract(s) were bought and sold. 
• For ARM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>), we notice a put option trade that happens to be bearish, is expiring today. Parties traded 100 contract(s) at a $95.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $345.0 per contract. There were 1927 open contracts at this strike prior to today, and today 15520 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option trade that happens to be bullish, expiring in 973 day(s) on December 18, 2026. This event was a transfer of 5 contract(s) at a $360.00 strike. The total cost received by the writing party (or parties) was $54.5K, with a price of $10910.0 per contract. There were 3543 open contracts at this strike prior to today, and today 7000 contract(s) were bought and sold. 
• For INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we notice a put option sweep that happens to be bearish, is expiring today. Parties traded 1000 contract(s) at a $35.00 strike. This particular put needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $35.0K, with a price of $35.0 per contract. There were 12843 open contracts at this strike prior to today, and today 6098 contract(s) were bought and sold. 
• For SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we notice a put option sweep that happens to be bullish, expiring in 7 day(s) on April 26, 2024. This event was a transfer of 5 contract(s) at a $800.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $32.9K, with a price of $6594.0 per contract. There were 655 open contracts at this strike prior to today, and today 4017 contract(s) were bought and sold. 
• For FTNT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>), we notice a put option sweep that happens to be bearish, expiring in 28 day(s) on May 17, 2024. This event was a transfer of 149 contract(s) at a $65.00 strike. This particular put needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $70.0K, with a price of $470.0 per contract. There were 3257 open contracts at this strike prior to today, and today 2207 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on April 26, 2024. Parties traded 1154 contract(s) at a $160.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $50.7K, with a price of $43.0 per contract. There were 3211 open contracts at this strike prior to today, and today 2085 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option trade that happens to be bullish, expiring in 14 day(s) on May 3, 2024. This event was a transfer of 395 contract(s) at a $17.00 strike. The total cost received by the writing party (or parties) was $50.5K, with a price of $128.0 per contract. There were 1134 open contracts at this strike prior to today, and today 2062 contract(s) were bought and sold. 
• Regarding TSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on April 26, 2024. Parties traded 1045 contract(s) at a $138.00 strike. This particular call needed to be split into 36 different trades to become filled. The total cost received by the writing party (or parties) was $26.1K, with a price of $25.0 per contract. There were 639 open contracts at this strike prior to today, and today 1303 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AAPL

FTNT

CleanSpark, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) and Marathon Digital Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) shares are trading higher Friday amid a rise in the price of Bitcoin. Here's a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38332952/bitcoin-rebounds-to-65k-shakes-off-4m-etf-outflow-and-geopolitical-uncertainty">look at what to know</a>.
What To Know:
Bitcoin has gained more than 2% over the past 24 hours and is trading at $64,598.80 heading into its fourth halving event scheduled for approximately April 20.
The halving will <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38319562/how-the-bitcoin-halving-could-impact-your-investment">significantly impact</a> mining profitability, as rewards for miners will be cut in half. Mining companies employing newer, energy-efficient ASIC hardware will likely fare better, while those relying on older, less efficient models may struggle to stay afloat.
Some miners may sell bitcoin their holdings to increase revenue. The event could even lead to consolidation within the mining industry, with the most efficient operators potentially increasing their market share.
Related News: <a href="https://www.benzinga.com/news/24/04/38324715/whats-going-on-with-google-parent-alphabet-stock-ahead-of-earnings">What&#8217;s Going On With Google Parent Alphabet Stock Ahead Of Earnings?</a>
<h2 class="wp-block-heading">Will CLSK Stock Go Up? </h2>
When trying to assess whether or not Cleanspark will trade higher from current levels, it's a good idea to take a look at analyst forecasts. 
Wall Street analysts have an average 12-month price target of $22.40 on Cleanspark. The Street high target is currently at $27.0 and the Street low target is $14. Of all the analysts covering Cleanspark, 9 have positive ratings, one has neutral ratings and no one has negative ratings.
In the last month, 5 analysts have adjusted price targets. Here's a look at recent price target changes <a href="https://www.benzinga.com/quote/CLSK/analyst-ratings">[Analyst Ratings]</a>. Benzinga also tracks Wall Street's most accurate analysts. Check out how analysts covering Cleanspark have performed in recent history. 
Stocks don't move in a straight line. The average stock market return is approximately 10% per year. Cleanspark is 342.12% up year-to-date. The average analyst price target suggests the stock could have further upside ahead.
For a broad overview of everything you need to know about Cleanspark, visit <a href="https://www.benzinga.com/quote/CLSK">here</a>. If you want to go above and beyond, there's no better tool to help you do just that than <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Start your free trial today.
CLSK, MARA Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, CleanSpark shares are up 2.08% at $16.57 and Marathon Digital shares are up 1.6% at $15.26 at the time of publication Friday.
Image: Shutterstock

What's Going On With Bitcoin Miners CleanSpark and Marathon Digital Stocks?

Deep-pocketed investors have adopted a bullish approach towards Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MARA usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 14 extraordinary options activities for Marathon Digital Holdings. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 57% leaning bullish and 42% bearish. Among these notable options, 4 are puts, totaling $186,853, and 10 are calls, amounting to $567,333.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $10.0 and $37.0 for Marathon Digital Holdings, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Marathon Digital Holdings's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Marathon Digital Holdings's significant trades, within a strike price range of $10.0 to $37.0, over the past month.
<h3>Marathon Digital Holdings Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713539831_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.1</td>
<td>$3.0</td>
<td>$3.1</td>
<td>$32.00</td>
<td>$108.5K</td>
<td>4.4K</td>
<td style="text-align: right;">371</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/17/24</td>
<td>$3.3</td>
<td>$3.2</td>
<td>$3.3</td>
<td>$13.00</td>
<td>$99.0K</td>
<td>366</td>
<td style="text-align: right;">305</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$3.1</td>
<td>$3.0</td>
<td>$3.1</td>
<td>$32.00</td>
<td>$93.0K</td>
<td>4.4K</td>
<td style="text-align: right;">671</td>
</tr>
<tr>
<td>MARA</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$8.45</td>
<td>$8.3</td>
<td>$8.39</td>
<td>$17.00</td>
<td>$83.9K</td>
<td>809</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$2.73</td>
<td>$2.61</td>
<td>$2.73</td>
<td>$37.00</td>
<td>$54.8K</td>
<td>900</td>
<td style="text-align: right;">7</td>
</tr>
</tbody>
</table>

<h3>About Marathon Digital Holdings</h3>
Marathon Digital Holdings Inc focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company currently operates in the Digital Currency Blockchain segment. The Crypto-currency Machines are located in the United States.
<h3>Current Position of Marathon Digital Holdings</h3>
<ul>
<li>With a trading volume of 14,606,766, the price of MARA is up by 4.53%, reaching $15.71.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 19 days from now.</li>
</ul>
<h3>What The Experts Say On Marathon Digital Holdings</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $16.5.
<ul>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Underweight rating for Marathon Digital Holdings, targeting a price of $16. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Marathon Digital Holdings, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Looking At Marathon Digital Holdings's Recent Unusual Options Activity

BITF

Core Scientific, Inc. - Class A Common Stock

CORZ

WULF

Shares of crypto-related stocks are trading higher as Bitcoin has gained over the past 24 hours.

On CNBC&rsquo;s &quot;Mad Money Lightning Round,&quot; Jim Cramer recommended buying either Ethereum&nbsp;(CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) or buy Bitcoin (CRYPTO:&nbsp;BTC), in case you want to own Marathon Digital Holdings, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>). &quot;Let&rsquo;s not <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38306482/bitcoin-could-potentially-dip-below-60k-before-hate-halving-rally-says-crypto-analyst">fool around,&quot; he added</a>.
On April 10, JPMorgan analyst Reginald Smith maintained Marathon Digital with an Underweight and raised the price target from $16 to $16.50.
When asked about Exxon Mobil Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/xom#NYSE">XOM</a>), he said, &quot;Parabolic move, my friend. We don&rsquo;t like parabolic moves, that&rsquo;s a very good example.&quot;
On April 15, Exxon Mobil awarded a large contract to TechnipFMC plc (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fti#NYSE">FTI</a>) for its Guyana&rsquo;s Stabroek Block. TechnipFMC will supply subsea production systems for the Whiptail project.
&quot;When it comes to data centers, I am inclined to say that no power company is going to make money off of it. Better to buy Vertiv (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vrt#NYSE">VRT</a>) or Eaton (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/etn#NYSE">ETN</a>).&quot;
&quot;That&rsquo;s the way to do it,&quot; the &quot;Mad Money&quot; host said when asked about NuScale Power Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/smr#NYSE">SMR</a>).
On March 14, NuScale Power reported fourth-quarter FY23 sales growth of 35.3% year-on-year to $4.60 million, missing the analyst consensus estimate of $9.975 million.
Price Action:
<ul>
<li>Exxon Mobil shares fell 0.1% to settle at $118.63 on Wednesday.</li>
<li>Marathon Digital shares gained 0.2% to close at $14.63 on Wednesday.</li>
<li>NuScale Power shares fell 0.8% to settle at $4.93 during Wednesday&rsquo;s session.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/news/earnings/24/04/38307448/investor-sentiment-decreases-further-s-p-500-falls-for-fourth-straight-session"> Investor Sentiment Decreases Further, S&amp;P 500 Falls For Fourth Straight Session </a>
Image: Canva

Long Ideas

Small Cap

Media

$ETH

Jim Cramer Recommends Buying Ethereum Or Bitcoin Instead Of This Stock: 'Let's Not Fool Around'

IncomeSharks, a crypto analyst, has predicted the future of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) price. According to the forecast, the cryptocurrency could experience a significant drop below the $60,000 mark before potentially witnessing a &#8216;hate halving rally.&#8217;
What Happened: IncomeSharks took to X to share its forecast. The analyst suggested that Bitcoin might dip below the $60,000 level, which could prompt panic selling. The analyst believes that this would be a necessary step to clear out the remaining holders who are relying on the support to hold. 
&#8220;#Bitcoin &#8211; Still think we break and close below $60k to get another round of panic sellers gone. People probably still holding thinking support is holding. We need to break them first. Then we can get a hate halving rally,&#8221; the analyst said. 
<a href="https://twitter.com/IncomeSharks/status/1780750451140694412/photo/1"></a>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> &#8211; Still think we break and close below $60k to get another round of panic sellers gone. People probably still holding thinking support is holding. We need to break them first. Then we can get a hate halving rally. <a href="https://t.co/LHrQhMJwgA">pic.twitter.com/LHrQhMJwgA</a>
&mdash; IncomeSharks (@IncomeSharks) <a href="https://twitter.com/IncomeSharks/status/1780750451140694412?ref_src=twsrc%5Etfw">April 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
IncomeSharks&#8217; prediction comes at a crucial time, just days before the upcoming <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38299086/bitcoin-halving-in-3-days-what-to-expect-from-btc-this-week-and-in-2024">Bitcoin halving event</a>. This process, which occurs approximately every four years, is designed to introduce anti-deflationary features to Bitcoin. Historically, this event has led to a surge in the cryptocurrency&#8217;s price.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38274831/elon-musk-teases-dogecoin-tweet-but-doge-fails-to-rally-from-20-weekly-correction?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Elon Musk Teases Dogecoin Tweet But DOGE Fails To Rally From 20% Weekly Correction</a>
Why It Matters: The upcoming Bitcoin halving event has been a topic of intense speculation. Many analysts and investors are closely watching to see how this event will impact the market. Some experts believe that the <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38288999/exclusive-how-the-bitcoin-halving-could-transform-the-market">halving could transform the market</a> and lead to a significant price increase.
The analyst&#8217;s prediction aligns with the recent market volatility. Ali Martinez, another crypto analyst, highlighted the $62,000 level as a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38284030/bitcoin-hinges-on-this-key-support-level-says-analyst-could-significantly-boost-the">critical support zone for Bitcoin</a>. Failure to maintain this level could shift focus to the next significant demand area, around $51,500. However, Martinez also pointed out a potential trigger for a bullish trend. If Bitcoin manages to climb back above $66,250, it could significantly boost the chances of a resurgence in the market.
Meanwhile, notable financial commentator Jim Cramer recently advised against investing in Marathon Digital Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), a <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38306296/jim-cramer-says-just-go-buy-ethereum-or-bitcoin-instead-of-marathon-digital-lets-not-fool-">company involved in Bitcoin mining</a>, and instead recommended Bitcoin or Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) as alternatives. 
Price Action:&nbsp;Bitcoin is currently trading at $61,562, showing a 0.48% increase in the last 24 hours and a notable 39.37% gain year to date, according to data&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38274582/shiba-inu-down-20-on-the-week-but-these-proven-milestones-could-lead-to-massive-bull-marke?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Shiba Inu Down 20% On The Week, But: These &#8216;Proven Milestones&#8217; Could Lead To &#8216;Massive Bull Market,&#8217; Touts</a>
Image Via Shutterstock 
<div style="font-family: 'Lato', sans-serif">
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<div style="background-color: #f5f5f5;background-position: center;background-size: cover;justify-content: center"></div>

 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
<hr style="border: 0;height: 5px;background: #225aa9" />
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Analyst Ratings

Bitcoin Could Potentially Dip Below $60K Before 'Hate Halving Rally,' Says Crypto Analyst

In a recent episode of &#8220;Mad Money,&#8221; host Jim Cramer advised against investing in Marathon Digital Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and instead recommended Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) or Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>).
What Happened: Cramer, in his &#8220;Lightning Round&#8221; segment, discouraged viewers from purchasing Marathon Digital, a company involved in Bitcoin mining, <a href="https://www.cnbc.com/2024/04/17/cramers-lightning-round-ethereum-or-bitcoin-instead-of-marathon-digital.html">reported</a> CNBC. He suggested that investors consider Bitcoin or Ethereum as alternatives.
"If you want to own Marathon Digital, just go buy either Ethereum or buy Bitcoin, ok. Let's not fool around," Cramer said. 
Marathon Digital&#8217;s stock has experienced a tumultuous period, with its value dropping by over 20% in the past month. This decline is attributed to the overall volatility in the cryptocurrency market.
See Also: <a href="https://www.benzinga.com/markets/equities/24/04/38284285/netflix-amc-united-airlines-wisa-technologies-tesla-why-these-5-stocks-are-on-investors-radars-t?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">NFLX, AMC,UAL, WISA, TSLA: Top Trending Stocks Today</a>
Why It Matters: Cramer&#8217;s advice aligns with the current state of the crypto market. On Tuesday, cryptocurrency analyst Ali Martinez <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38284030/bitcoin-hinges-on-this-key-support-level-says-analyst-could-significantly-boost-the">highlighted the importance</a> of Bitcoin&#8217;s $62,000 support level. Failure to maintain this level could shift focus to the next significant demand area, approximately $51,500. Conversely, a climb back above $66,250 could significantly boost the chances of a resurgence in the market.
Despite concerns about the crypto market, Wall Street experts remain <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38284811/wall-street-experts-dismiss-rate-cut-fears-middle-east-tensions-predict-bull-market">confident in the bull market</a>&#8216;s continuation. They cite a robust U.S. economy and the potential of artificial intelligence (AI) as key drivers.
On the broader market front, Cramer has also <a href="https://www.benzinga.com/markets/equities/24/04/38306086/jim-cramer-explains-what-could-trigger-further-market-decline-if-you-want-to-get-out-go-ahead">outlined potential factors</a> that could lead to further market decline, advising investors to be cautious about their buying and selling decisions. His recent advice regarding Marathon Digital is in line with his cautious approach to the current market conditions.
Price Action: While Marathon Digital Holdings closed at $14.63 on Wednesday, marking a modest 0.21% increase, the stock has experienced a significant decline of 36.20% year to date. In contrast, Bitcoin is currently trading at $61,562, showing a 0.48% increase in the last 24 hours and a notable 39.37% gain year to date. Ethereum, on the other hand, is trading at $3,000, with a 0.61% increase in the past 24 hours and a solid 27.54% gain year to date, according to data <a href="https://pro.benzinga.com/dashboard">from Benzinga Pro</a>.
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38293168/macro-guru-raoul-pal-says-80-of-his-crypto-investment-is-in-this-ethereum-rival-and-i-have?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Macro Guru Raoul Pal Says 80% Of His Crypto Investment Is In This Ethereum Rival: &#8216;And I Have 1% In Stupid S&#x2A;&#x2A;t Like Dogwifhat, Dogecoin And Bonk&#8217;</a>
Image Via Shutterstock 
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 Engineered by 
 Benzinga Neuro, Edited by 
 
 <a href="None" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none"> 
 Kaustubh Bagalkote</a> 
 
 
<hr style="border: 0;height: 1px;background: #225aa9" />

 The GPT-4-based Benzinga Neuro content generation system exploits the 
 extensive Benzinga Ecosystem, including native data, APIs, and more to 
 create comprehensive and timely stories for you. 
 <a href="https://www.benzinga.com/topic/kaustubh-bagalkote" target="_blank" rel="noopener" style="color: #225aa9;text-decoration: none">Learn more.</a>
 
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Equities

Jim Cramer Says Just Go Buy Ethereum Or Bitcoin Instead Of Marathon Digital: 'Let's Not Fool Around'

Spot Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38272582/spot-bitcoin-etfs-see-36m-net-outflows-grayscale-bleed-continues">exchange-traded funds</a> (ETFs) saw another net outflow day on Tuesday, totaling $58.03 million in a single day. 
What Happened: According to <a href="https://sosovalue.xyz/assets/etf">data </a>from SoSoValue, the Grayscale Bitcoin Trust (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#OTC">GBTC</a>) experienced the largest outflow, with $79.38 million exiting the fund, contributing to its historical net outflow which now stands at a staggering $16.46 billion. 
In contrast, BlackRock's iShares Bitcoin Trust (NASDAQ: <a href="https://www.benzinga.com/quote/IBIT">IBIT</a>) saw the day's highest net inflow, approximately $25.78 million, suggesting a varied investor sentiment within the crypto ETF sphere.
James Seffart, a Bloomberg analyst, provides context to these numbers, noting the commonality of zero flows in the ETF market. 
&#8220;On any given day, the vast majority of ETFs will report a flow number of ZERO—this is perfectly normal. With around 3,500 ETFs in the US, yesterday 2,903 had a flow of exactly zero,&#8221; <a href="https://twitter.com/JSeyff/status/1780243642851995735">explains</a> Seyffart. 
This perspective is crucial as it highlights that, despite significant outflows in certain ETFs, the occurrence of no flow is the norm rather than the exception within the broader ETF landscape.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/27091545/Benzinga-conference.gif" alt="Benzinga future of digital assets conference" class="wp-image-267246" /></figure>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38276489/peter-schiff-debates-natalie-brunell-on-bitcoin-if-natalie-were-smart-she-would-sell-all">Peter Schiff Debates Natalie Brunell On Bitcoin: &#8216;If Natalie Were Smart, She Would Sell All&#8217;</a>
Why It Matters: Amid these financial shifts, Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining companies are <a href="https://www.bloomberg.com/news/articles/2024-04-16/bitcoin-miners-fall-even-as-ceos-say-they-re-ready-for-halving?embedded-checkout=true">facing</a> heightened pressure due to the <a href="https://www.benzinga.com/topic/bitcoin-halving">Bitcoin halving</a>. 
Companies such as Marathon Digital Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), Riot Platforms Inc., (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) and CleanSpark Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) have seen their share prices decline consecutively over the past three days. In parallel, the Valkyrie Bitcoin Miners ETF has plummeted by roughly 28% this month alone.
This market volatility is compounded by increasing short interest in mining stocks and a broader risk-off sentiment triggered by recent geopolitical tensions following Iran's attacks <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38285476/as-iran-israel-tensions-fuel-bitcoin-and-ethereum-volatility-analyst-underscores-long-term">on Israel</a>. 
What&#8217;s Next: The financial dynamics within the Bitcoin ecosystem and the mining sector&#8217;s resilience will be key topics at the upcoming Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> event on Nov. 19. 
The conference will provide a platform for leading experts and industry stakeholders to analyze these trends and their long-term <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38256994/bitcoin-stablecoins-tokenization-blackrocks-crypto-strategy-explained">implications on the digital assets market.</a>
Read Next: <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38274307/pizzas-or-power-these-bitcoin-halving-commercials-want-to-whet-buyers-appetites">Pizzas Or Power? These Bitcoin Halving Commercials Want To Whet Buyers&#8217; Appetites</a>
Image: Pixabay

GBTC

IBIT

Spot Bitcoin ETFs Bleed Another $58M, Mining Stocks Under Pressure

Financial giants have made a conspicuous bullish move on Marathon Digital Holdings. Our analysis of options history for Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) revealed 17 unusual trades.
Delving into the details, we found 58% of traders were bullish, while 41% showed bearish tendencies. Out of all the trades we spotted, 7 were puts, with a value of $326,489, and 10 were calls, valued at $597,276.
<h3>What's The Price Target?</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $5.0 to $50.0 for Marathon Digital Holdings over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Marathon Digital Holdings's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Marathon Digital Holdings's substantial trades, within a strike price spectrum from $5.0 to $50.0 over the preceding 30 days.
<h3>Marathon Digital Holdings Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1713284202_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>05/17/24</td>
<td>$9.45</td>
<td>$9.4</td>
<td>$9.4</td>
<td>$5.00</td>
<td>$118.4K</td>
<td>263</td>
<td style="text-align: right;">67</td>
</tr>
<tr>
<td>MARA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/19/25</td>
<td>$10.9</td>
<td>$10.75</td>
<td>$10.75</td>
<td>$20.00</td>
<td>$108.5K</td>
<td>479</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$4.25</td>
<td>$4.2</td>
<td>$4.25</td>
<td>$15.00</td>
<td>$85.0K</td>
<td>728</td>
<td style="text-align: right;">150</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$0.73</td>
<td>$0.66</td>
<td>$0.71</td>
<td>$50.00</td>
<td>$71.0K</td>
<td>2.8K</td>
<td style="text-align: right;">28</td>
</tr>
<tr>
<td>MARA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/21/24</td>
<td>$2.93</td>
<td>$2.9</td>
<td>$2.93</td>
<td>$15.00</td>
<td>$68.8K</td>
<td>2.7K</td>
<td style="text-align: right;">38</td>
</tr>
</tbody>
</table>

<h3>About Marathon Digital Holdings</h3>
Marathon Digital Holdings Inc focuses on mining digital assets. It owns crypto-currency mining machines and a data center to mine digital assets. The company currently operates in the Digital Currency Blockchain segment. The Crypto-currency Machines are located in the United States.
Following our analysis of the options activities associated with Marathon Digital Holdings, we pivot to a closer look at the company's own performance.
<h3>Present Market Standing of Marathon Digital Holdings</h3>
<ul>
<li>With a volume of 19,885,140, the price of MARA is down -5.61% at $14.3. </li>
<li>RSI indicators hint that the underlying stock may be approaching oversold.</li>
<li>Next earnings are expected to be released in 22 days.</li>
</ul>
<h3>What Analysts Are Saying About Marathon Digital Holdings</h3>
In the last month, 2 experts released ratings on this stock with an average target price of $25.75.
<ul>
<li>An analyst from HC Wainwright &amp; Co. has revised its rating downward to Buy, adjusting the price target to $35. </li>
<li>Maintaining their stance, an analyst from JP Morgan continues to hold a Underweight rating for Marathon Digital Holdings, targeting a price of $16. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Marathon Digital Holdings options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Behind the Scenes of Marathon Digital Holdings's Latest Options Trends

Riot: Losing Money Every Bitcoin Produced

Biggest stock movers today: CAH, INFA, crypto-related stocks and more

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
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Also, the growing excitement around Bitcoin&rsquo;s&nbsp;(<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) upcoming halving event makes it an excellent time to gain exposure to the best blockchain stocks. Moreover, this sector will continue evolving and expanding at a breathtaking pace for the foreseeable future, making it appealing for those looking to supercharge their portfolios.



<h2>Mastercard (MA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/MA1600-300x169.jpg" alt="A close-up shot of Mastercard credit or debit cards."><div>Source: Alexander Yakimov / Shutterstock.com</div></div>Fintech giant Mastercard&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/ma-stock-quote/">MA</a>) is looking to leverage the power of blockchain technology to usher in a new era of growth for its business. Through its strategic partnerships, the company is looking to redefine financial transactions through enhanced security and efficiency. Its forward-looking approach simplifies the banking process by directly connecting banks and speeding up transactions to cut costs and time.



Additionally, Mastercard&rsquo;s multi-faceted blockchain strategy aims to significantly increase transparency across various industries through its novel Provenance solution. Furthermore, <a href="https://www.mastercard.com/news/ap/en/newsroom/press-releases/en/2021/july/mastercard-launches-new-start-path-cryptocurrency-and-blockchain-program-for-startups/">its Start Path program</a> nurtures fledgling startups looking to make a mark in the blockchain realm, equipping them with the tools to manage digital transactions efficiently. Hence, Mastercard&rsquo;s embrace of blockchain technology positions it as a frontrunner in financial innovation, adding new layers to its illustrious growth story.&nbsp;



Mastercard doesn&rsquo;t need blockchain to sustain its impressive business, which continues to generate double-digit growth across key top-and-bottom-line metrics. Moreover, it offers a stellar growing dividend that it has paid for the <a href="https://seekingalpha.com/symbol/MA/dividends/history">past 17 consecutive years</a>.



<h2>CleanSpark (CLSK)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/clsk1600-300x169.png" alt="In this photo illustration, the CleanSpark (CLSK) logo seen displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div>CleanSpark&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/clsk-stock-quote/" target="_blank">CLSK</a>) is one of the top-performing Bitcoin miners over the past few years and is positioned attractively to take advantage of the upcoming halving event.&nbsp;The company is renowned for its stellar mining rates, and it is&nbsp;looking to&nbsp;<a href="https://investors.cleanspark.com/news/news-details/2024/CleanSpark-Announces-Two-New-Acquisitions-Securing-Power-and-Infrastructure-to-Reach-20-EHs/default.aspx" target="_blank">expand its operational hash rates</a>&nbsp;to a striking 20 EH/s by the first half of 2024, doubling its current capacity. Moreover, with Bitcoin ETFs driving up demand, CleanSpark&rsquo;s proactive strategy positions it remarkably well to capitalize on the expected post-halving bull market.



Furthermore, the company seeks to secure up to 160,000 S21 miners to achieve a new industry-setting standard of 50 EH/s. Such aggressive expansion will enhance CLSK&rsquo;s mining efficiency and significantly boost investor confidence, making it a remarkably attractive stock in the volatile crypto space. As we move closer to the halving event, the company&rsquo;s forward-thinking approach can significantly influence its market standing and profitability position, making it a standout in its niche.



<h2>Applied Digital Corporation (APLD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/02/nft-blockchain-tech-300x169.png" alt="An image of blockchain; cubes of art and NFTs connected by a chain"><div>Source: HollyHarry/Shutterstock</div></div>Applied Digital&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/apld-stock-quote/" target="_blank">APLD</a>) is a top contender in the burgeoning digital infrastructure realm. It is a high-growth business that focuses on artificial intelligence (AI) and high-capacity computing.&nbsp;



The company recently <a href="https://investorplace.com/2024/03/mara-stock-alert-marathon-digital-is-buying-a-new-bitcoin-mining-campus/">sold off its</a> 200-megawatt BTC mining campus to Marathon Digital&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/mara-stock-quote/">MARA</a>) to focus more on high-performing data centers in the future. It can manage these data centers more efficiently and is poised to expand its profit margins significantly. &nbsp;



From a financial perspective, APLD continues to deliver superb results across both lines. Its sales have grown by triple-digit margins over the past several quarters, and estimates point to even stronger growth. Analysts expect APLD to continue making significant progress in achieving profitability over the next few years while <a href="https://seekingalpha.com/symbol/APLD/growth">growing sales by more than 200%</a>.&nbsp;



Moreover, with its name change from Applied Blockchain to Applied Digital, it&rsquo;s opening a new chapter of dominance in the cutting-edge data center space. This strategy positions APLD to take full advantage of the fast-growing demand for sophisticated computing infrastructure, ensuring a promising future.



On the date of publication, Muslim Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<div>Muslim Farooque is a keen investor and an optimist at heart. A life-long gamer and tech enthusiast, he has a particular affinity for analyzing technology stocks. Muslim holds a bachelor&rsquo;s of science degree in applied accounting from Oxford Brookes University.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/3-blockchain-stocks-to-buy-now-q2-edition/">3 Blockchain Stocks to Buy Now: Q2 Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

3 Blockchain Stocks to Buy Now: Q2 Edition

Stocks rallied back strongly today after shaving off more than 1% last week, but the buying fizzled heading into the close.

Here's What You've Got To Watch For As Earnings Ramp Up

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Immediate-term news, like the Bitcoin&nbsp;(<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) halving or the SEC&rsquo;s approval of spot ETFs, is important, but that&rsquo;s not the only think to consider before investing in Marathon Digital (NASDAQ:<a href="https://investorplace.com/stock-quotes/mara-stock-quote/">MARA</a>). Instead, think about the long term and prepare to hold Marathon Digital stock throughout the ups and downs of the crypto market. 



Yes, we will discuss the Bitcoin halving event as it&rsquo;s top-of-mind in the cryptocurrency sphere right now. It&rsquo;s important to understand the implications of future Bitcoin halvings. Understand Bitcoin&rsquo;s benefits before deciding to own Marathon Digital shares. 



<h2>Will Marathon Survive the Post-Halving?</h2>



Just to recap, the <a href="https://investorplace.com/2024/04/3-stocks-to-snatch-up-in-the-wake-of-the-april-bitcoin-halving/">Bitcoin halving</a> is an event that happens approximately once every four years, in which the reward for mining Bitcoins gets cut in half. This is done to reduce and control the circulating supply of Bitcoins.



The most recent <a href="https://www.cryptotimes.io/2024/04/09/bitcoin-halving-2024-is-scheduled-with-market-bullish-on-it/">Bitcoin halving event</a> just occurred this past weekend or thereabouts. This time, the reward for mining Bitcoin is being reduced <a href="https://www.cnbc.com/2024/04/11/the-upcoming-bitcoin-halving-is-different-from-others-before-it-heres-what-investors-need-to-know-.html">from&nbsp;6.25 tokens to 3.125 tokens</a>.



On the face of it, this sounds like a fatal blow to a Bitcoin-mining business like Marathon Digital. Don&rsquo;t be surprised if you see some alarming financial-press headlines. Even The Wall Street Journal got into the act, hinting that cryptocurrency miners are scrambling for <a href="https://www.wsj.com/finance/currencies/bitcoin-halving-btc-miners-money-919e9276">new ways to make money</a>.



Marathon Digital isn&rsquo;t scrambling. The data shows that Marathon Digital is <a href="https://finance.yahoo.com/news/marathon-digital-holdings-announces-bitcoin-123000533.html">increasing its Bitcoin-mining pace</a>, both in terms of Bitcoins produced and energized hash rate.



Clearly, Marathon Digital&rsquo;s management isn&rsquo;t losing sleep over the current and future Bitcoin halving events. The company recently acquired a 200-megawatt <a href="https://finance.yahoo.com/news/marathon-digital-holdings-announces-closing-200500988.html">Bitcoin-mining data center</a> next to a wind farm. That sounds like confidence, not fear or worry about halving events.



<h2>If You Like Bitcoin, You Should Also Like Marathon Digital</h2>



In case you didn&rsquo;t get the gist of all this: Yes, Marathon Digital, will survive the post-halving weeks and months. We&rsquo;ve told you that there will be <a href="https://investorplace.com/market360/2024/04/only-ride-marathon-digital-stocks-ups-if-you-can-handle-the-downs/">ups and downs</a> with Marathon Digital stock. That&rsquo;s par for the course in the ever-changing world of crypto-related assets.



Of course, Marathon Digital&rsquo;s management understands the implications of this year&rsquo;s Bitcoin halving event. However, they also expect the Bitcoin price to rise over the coming years. You should have the same expectation if you plan to buy and hold Marathon Digital shares.



Consider what a CNBC report observed about what has historically occurred after Bitcoin halvings.&nbsp;Reportedly, &ldquo;After the 2012, 2016 and 2020 halvings, the <a href="https://www.cnbc.com/2024/04/11/the-upcoming-bitcoin-halving-is-different-from-others-before-it-heres-what-investors-need-to-know-.html">bitcoin price ran up</a> about 93x, 30x and 8x, respectively, from its halving day price to its cycle top.&rdquo;



We&rsquo;re not suggesting that you should try to predict what will happen to the Bitcoin price in the coming months. Rather, the point is that Bitcoin halving events shouldn&rsquo;t cause you to lose sleep at night. If the Bitcoin price rises substantially over the long term, Marathon Digital should do well even if the mining reward is reduced. 



<h2>Marathon Digital: Give Yourself Time to Be Right</h2>



If you have a bullish Bitcoin thesis, you don&rsquo;t have to be right in the immediate term. The Bitcoin price will fluctuate due to headline-driven greed and fear. Consequently, you should expect that the Marathon Digital share price will make big moves in both directions.



Over the years, there will be more Bitcoin halvings and other notable events, both known and unforeseeable. Yet, throughout it all, there will only be 21 million Bitcoins.



So, if you&rsquo;re a Bitcoin believer, give yourself time to be right with Marathon Digital stock. Holding for a long time will hopefully allow your bullish crypto thesis to play out in your favor. Hence, while an investment in Marathon Digital might not be right for everyone, it may be appropriate for you if you have the right mind-set and time frame.



On the date of publication, neither Louis&nbsp;Navellier nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in this article.
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	The post <a href="https://investorplace.com/market360/2024/04/crypto-chaos-or-crypto-cash-cow-why-marathon-digital-is-a-must-buy-in-2024/">Crypto Chaos or Crypto Cash Cow? Why Marathon Digital Is a Must-Buy in 2024.</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Crypto Chaos or Crypto Cash Cow? Why Marathon Digital Is a Must-Buy in 2024.

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
After Friday&rsquo;s &ldquo;halving&rdquo; event, which cut Bitcoin&nbsp;(<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) block rewards from 6.25 bitcoins to 3.125 bitcoins, miners are even more important to the cryptocurrency ecosystem.



The three miners we&rsquo;ll explore are looking to improve their efficiency by updating their all-in sustaining costs (AISCs) and optimizing their firmware; they also come with upside potential going up to 127%. Under the new reward system, raising the hash rate per unit of energy can increase your profits.



Due to the lower profit margin, bigger mining companies may buy smaller ones that are having trouble. Adam Sullivan, CEO of Core Scientific (NASDAQ:<a href="https://investorplace.com/stock-quotes/corz-stock-quote/">CORZ</a>), believes that capital is very important after halving.



So, the fact that a NASDAQ-listed company bought over 166,400 high-efficiency miners shows that it is growing quickly and has substantial capital to expand further is worth noting. 



Other big players were able to triple Bitcoin production year over year thanks to their operations and capacity. One miner boosted cash 138% in the runup to the fourth Bitcoin halving.



A third NASDAQ-listed company puts money into data centers and mining that use artificial intelligence (AI). This plan looked ahead to tech trends and got the company ready for changes in the Bitcoin mining economy.



Let&rsquo;s dive in!



<h2>Riot Platforms (RIOT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/riot1600-300x169.png" alt="In this photo illustration, the Riot Platforms (RIOT) logo is displayed on a smartphone screen."><div>Source: rafapress / Shutterstock.com</div></div>Riot Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/riot-stock-quote/">RIOT</a>) is making major progress in growing its Bitcoin mining capacity. With the halving in the books, as JPMorgan Chase (NYSE:<a href="https://investorplace.com/stock-quotes/jpm-stock-quote/">JPM</a>) suggests, it&rsquo;s one of the best Bitcoin miners for any portfolio.<a href="https://www.tipranks.com/stocks/riot/forecast"> With potential upside of 115%</a>, who can disagree? 



In order to improve its mining operations, Riot has placed many orders with MicroBT. 33,280 immersion miners and <a href="https://www.riotplatforms.com/riot-announces-february-2024-production-and-operations-updates/">an extra 66,560 miners</a> have just been acquired, and a further 66,560 machines may be purchased in the future. By 2025, these acquisitions are expected to significantly increase Riot&rsquo;s overall mining hash rate capacity.



One of Riot&rsquo;s main tenets is to bring the production of these miners domestically to a MicroBT factory in Pennsylvania. 



Riot&rsquo;s hash rate capability is anticipated to increase <a href="https://www.riotplatforms.com/riot-announces-march-2024-production-and-operations-updates/">to around 41 exahashes per second</a> (EH/s) by the end of 2025 after the recently acquired miners are deployed. 



In terms of building new infrastructure, Riot is currently working on the <a href="https://www.riotplatforms.com/riot-energizes-new-corsicana-facility-in-navarro-county-texas/">Corsicana facility</a> in Texas. When it&rsquo;s done, it will be able to mine 1 gigawatt (GW). About 400 megawatts (MW) of the first part should come online slowly by the end of 2024.



Finally, Riot has about $1.3 billion in cash and unencumbered Bitcoin as of March 2024, enough to aggressively expand post the halving. 



<h2>Marathon Digital Holdings (MARA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/mara1600-2-300x169.png" alt="In this photo illustration, the Marathon Digital Holdings (MARA) logo seen displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div>Marathon Digital Holdings (NASDAQ:<a href="https://investorplace.com/stock-quotes/mara-stock-quote/">MARA</a>) mined 12,852 Bitcoins in 2023 versus 4,144 in 2022, showing its efficiency and readiness for the fourth Bitcoin halving. Operational capacity and mining efficiency increased production by 210% yearly.



The average daily Bitcoin output of miners rose from 11.4 in 2022 to 35.2 in 2023. Marathon&rsquo;s cash rose 138% to $318.9 million in January 2024 from $133.8 million in 2023, boosting strategic reserves for future operations and expansions.



Effective mining and treasury management increased the company&rsquo;s unconstrained Bitcoin holdings 95% to 15,741 in January 2024 from 8,091 in 2023.



Marathon invested $87.3 million in a <a href="https://www.globenewswire.com/news-release/2024/03/15/2847040/0/en/Marathon-Digital-Holdings-Enters-Definitive-Agreement-To-Acquire-200-Megawatt-Bitcoin-Mining-Data-Center-Adjacent-to-a-Wind-Farm.html">200-MW Bitcoin data center</a>. The purchase reduces coin mining costs by 20% and increases site capacity to 200 MW, and operating capacity to 1.1 gigawatts across several sites.



Marathon&rsquo;s installed hash rate rose <a href="https://ir.mara.com/news-events/press-releases/detail/1337/marathon-digital-holdings-announces-bitcoin-production-and">from 23.8 to 24.7 EH/s</a> between December 2022 and 2023. Since activating more miners, including over 9,000 in Texas, their fleet efficiency and production have increased. McCamey, TX had 90% operating hash in November 2023 and 92% in December 2023. This helped the fleet average 19.4 EH/s operational hash annually.



Marathon relies on Bitcoin pricing, so market gains boost revenue. In early 2024, Bitcoin prices increased Marathon&rsquo;s operational margins and earnings. MARA should benefit greatly from Bitcoin price increases post-halving, hence a <a href="https://www.tipranks.com/stocks/mara/forecast">projected upside</a> of 36%.



<h2>HIVE Digital Technologies (HIVE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/05/hive-1600-300x169.png" alt="HIVE Blockchain Technologies logo over a map of the world. HIVE stock."><div>Source: karnoff / Shutterstock</div></div>Hive Blockchain Technologies, rebranded as HIVE Digital Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/hive-stock-quote/">HIVE</a>), will give investors a degree of diversification since the company is now also focusing on <a href="https://hivedigitaltechnologies.com/medias/uploads/2023-12-31_HIVE_MDA_FINAL.pdf">AI-focused high-performance computing data centers</a> as well. 



It comes at a good time. Bernstein believes companies with nimble financial management will do well post-halving but <a href="https://www.coindesk.com/business/2024/04/22/bitcoin-miners-may-shift-focus-to-ai-after-halving-coinshares-says/">diversifying into AI</a> will also remain key. 



Keeping an eye on Bitcoin, HIVE produced 200 <a href="https://hivedigitaltechnologies.com/news/hive-digital-announces-bitcoin-production-and-hodl-growth-in-february-2024-to-2131-bitcoins/">and possessed 2,131 Bitcoins</a> in February 2024. Meanwhile, HIVE bought <a href="https://hivedigitaltechnologies.com/news/hive-announces-purchase-of-1000-new-energy-efficient-bitmain-s21-antminers-for-immediate-delivery-and-hodl-increase-to-2070-bitcoin/">1,000 more Bitmain S21 Antminers</a> to boost mining productivity. These new machines are part of an ongoing effort to increase their energy efficiency and hash rate, reducing the overall cost of producing Bitcoin and increasing gross mining margins.



Additionally, <a href="https://hivedigitaltechnologies.com/news/hive-digital-expands-global-presence-with-the-acquisition-of-data-center-facility-located-in-sweden/">the business is growing</a> its Icelandic, Swedish and Canadian green data center locations.



Analysts rate HIVE as a &ldquo;Moderate Buy&rdquo; based on three analyst ratings. The <a href="https://www.tipranks.com/stocks/hive/forecast">upside potential</a> is substantial at over 127%.



On the date of publication, Faizan Farooque did not have (either directly or indirectly) any positions in the securities mentioned in this article.&nbsp;The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a>.
<div>Faizan Farooque is a contributing author for InvestorPlace.com and numerous other financial sites. Faizan has several years of experience in analyzing the stock market and was a former data journalist at S&amp;P Global Market Intelligence. His passion is to help the average investor make more informed decisions regarding their portfolio.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/halving-riches-the-top-3-bitcoin-miners-to-own-in-april/">Halving Riches: The Top 3 Bitcoin Miners to Own in April</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

Halving Riches: The Top 3 Bitcoin Miners to Own in April

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
The Bitcoin (<a href="https://investorplace.com/cryptocurrency/btc-usd/">BTC-USD</a>) halving event has passed, and with it comes a renewed interest in blockchain technology and its potential for transforming various industries. As the cryptocurrency market continues to evolve, savvy investors are looking beyond just Bitcoin and exploring opportunities in companies that are leveraging blockchain technology to disrupt traditional business models.



Despite the fears around &ldquo;higher for longer&rdquo; interest rates, geopolitical instabilities and a stock market sell-off, I am firmly bullish on Bitcoin&rsquo;s short-term future. The coin has already made a run up to $66,000 at the time of writing over the past few days, and as ETF trading goes into full swing this week, I believe that those numbers could approach the $70,000 mark.



It should be noted that Bitcoin was overvalued based on several momentum indicators such as the Relative Strength Index (<a href="https://investorplace.com/stock-quotes/rsi-stock-quote/">RSI</a>) before the sell-off occurred this month. In order for it to maintain such a high price velocity, an extremely bullish backdrop would have been needed.



But now that Bitcoin has come back to Earth again, I think it&rsquo;s in the prime spot for rocketing higher, and blockchain stocks can be a great way to do so.



So here are seven blockchain stocks for investors to consider.



<h2>Riot Platforms (RIOT)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2023/07/riot1600-300x169.png" alt="In this photo illustration, the Riot Platforms (RIOT) logo is displayed on a smartphone screen."><div>Source: rafapress / Shutterstock.com</div></div>Riot Platforms (NASDAQ:<a href="https://investorplace.com/stock-quotes/riot-stock-quote/">RIOT</a>) has established itself as a leader in the Bitcoin mining industry by significantly increasing its mining power while simultaneously reducing its cost of mining Bitcoin to nearly zero. This remarkable achievement is largely due to the <a href="https://www.riotplatforms.com/bitcoin-mining/">company&rsquo;s strategic power use</a> and the power credits it arranges with energy companies. By paying around $6,141 per Bitcoin, Riot Platforms can pocket the premium, giving it a substantial edge over its competitors.



The company&rsquo;s power management strategy sets it apart in an industry often criticized for its heavy electricity use and high operating costs. This competitive advantage positions RIOT for continued success moving forward.



I see RIOT as being a synthetic (and leveraged) bet on Bitcoin for obvious and not-immediately not obvious reasons. I think that Bitcoin miners like RIOT will one day transition their business models to something more sustainable energy wise.



But with the stock being up 10.13% already on Monday before the market opens at the time of writing, this implies there could be significant volatility on the cards to send RIOT to the moon later this week.



<h2>Nvidia (NVDA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/stocks-to-buy-nvda1600-300x169.png" alt="Nvidia logo seen on smartphone which is placed on pile of US dollar bills. Concept. Selective focus. Stocks to buy like Nvidia"><div>Source: Ascannio / Shutterstock.com</div></div>Nvidia (NASDAQ:<a href="https://investorplace.com/stock-quotes/nvda-stock-quote/">NVDA</a>) is recognized not only for its high-performance GPUs but also for its significant role in the blockchain and cryptocurrency sectors. The company&rsquo;s GPUs are widely used in cryptocurrency mining, which is crucial for the mining of various digital currencies. This has helped establish Nvidia as a strong player in the blockchain market.



Despite its <a href="https://www.coindesk.com/business/2023/08/23/nvidias-make-or-break-earnings-could-be-huge-for-ai-tied-crypto-tokens/">primary fame in AI</a> and gaming technologies, Nvidia&rsquo;s impact extends significantly into the crypto world, influencing the dynamics of AI crypto tokens. For example, tokens like Fetch.ai (<a href="https://investorplace.com/cryptocurrency/fet-usd/">FET-USD</a>) are often affected by Nvidia&rsquo;s performance, given the company&rsquo;s substantial sway over the tech and crypto industries.



For this reason I think that NVDA could rally over the next week especially as the halving events gets fully priced in.



Financially, Nvidia also <a href="https://stockanalysis.com/stocks/nvda/statistics/">presents an interesting opportunity</a>. While its trailing price-to-earnings (P/E) ratio is high, indicating a rich valuation, its forward P/E ratio suggests that the market is optimistic about its future earnings potential.



<h2>Greenidge Generation (GREE)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/10/stocks-to-buy-1600-300x169.jpg" alt="Stocks to buy: smartphone with the words &quot;buy&quot; and &quot;sell&quot; displayed on the screen. The user's finger is about to press buy. Stock charts are in the background of the image. Momentum Stocks. S&amp;P 600 Stocks to Buy. breakthrough stocks. Mario Gabbeli stocks"><div>Source: Chompoo Suriyo / Shutterstock.com</div></div>Greenidge Generation (NASDAQ:<a href="https://investorplace.com/stock-quotes/gree-stock-quote/">GREE</a>) operates as a vertically integrated cryptocurrency datacenter and power generation company. It&rsquo;s notably engaged in cryptocurrency mining with a focus on using greener technologies, which positions it distinctively in the sector.



Despite experiencing a <a href="https://ir.greenidge.com/">significant drop in its stock value</a> over the past year, the company is making strides in enhancing its infrastructure, having recently expanded its power capacity with additional low-cost power in key territories such as South Carolina and Mississippi&#8203;.



As a penny stock, GREE&rsquo;s daily charts look somewhat like a heart rate monitor, and I believe that its volatility will only increase.



GREE is attempting to solve what some consider one of Bitcoin&rsquo;s most pressing issues: energy use, or rather energy waste. Of course, one can always make the argument that any form of energy spent on Bitcoin is wasteful, but then it wouldn&rsquo;t matter what energy source you could use in that case.



GREE is making a practical step forward while other miners have their heads in the sands that the energy use is a problem, which makes it one of those stocks to buy to take advantage of the halving event.



<h2>Coinbase (COIN)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/04/coin-stock-4-300x169.jpg" alt="The Coinbase (COIN stock) logo on a smartphone screen with a BTC token. Crypto winter is setting in."><div>Source: Primakov / Shutterstock.com</div></div>Coinbase (NASDAQ:<a href="https://investorplace.com/stock-quotes/coin-stock-quote/">COIN</a>) is perhaps the most obvious play for investors looking to take advantage of the Bitcoin halving event. Additionally, the potential ongoing implementation of spot Bitcoin ETFs in the U.S. <a href="https://www.cryptoglobe.com/latest/2023/12/david-duong-of-coinbase-institutional-analyzes-cryptos-resurgence-and-future-trends-in-2024/">could reshape the market</a> by broadening access to cryptocurrencies and adding layers of financial products, which COIN is a key custodian of.



I expect that COIN will see some record quarters over the next year via a huge number of trading fees, especially in the current quarter.&nbsp;



Some of this can be explained via the (<a href="https://www.tradingview.com/news/cointelegraph:15f936090094b:0-bitcoin-mining-revenue-peaked-at-107m-on-btc-halving-day/">speculatively artificial</a>) expansion of the mempool recently. This has led to record transaction fees being charged over a short time period, with some as high as $10,000 on the extreme end of the scale.



The reason being is that some projects have stopped building on alternative blockchains such as Ethereum (<a href="https://investorplace.com/cryptocurrency/eth-usd/">ETH-USD</a>) and opt for building on Bitcoin instead for its perceived credibility. Teams are minting ETFs, and a cynic would suggest that these prices are being driven artificially higher.



Although this thesis is speculative and somewhat cynical, it&rsquo;s undeniable that transaction fees have gone up considerably, and this on top of all the trading fees that COIN will be announcing as well, making it one of those hot stocks to watch.



<h2>MicroStrategy (MSTR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/03/mstr1600-2-300x169.png" alt="In this photo illustration, the MicroStrategy (MSTR) Incorporated logo is displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div>MicroStrategy (NASDAQ:<a href="https://investorplace.com/stock-quotes/mstr-stock-quote/">MSTR</a>) holds a significant amount of Bitcoin, heavily influencing its stock value due to its investment in the cryptocurrency.



My thesis for MSTR is that its book value per share will be inflated throughout the year as Bitcoin continues its rally. This in turn may lead institutions and retail investors to surmise that it&rsquo;s undervalued, which would drive its stock price higher.



MSTR&nbsp; currently <a href="https://www.bloomberg.com/news/articles/2024-03-19/microstrategy-owns-about-1-of-all-bitcoin-with-latest-purchase-mstr#:~:text=Crypto,that%20will%20ever%20be%20issued.">holds around 214,246 bitcoins</a> on the balance sheet, which is the equivalent to over 1% of all the total bitcoin that has ever been mined, a huge sum, Bloomberg reported.



Furthermore, in its recent activities, <a href="https://www.microstrategy.com/press/microstrategy-completes-603-million-offering-of-0875-convertible-senior-notes-due-2031_03-19-2024">MSTR completed substantial financial maneuvers</a>, including the issuance of $603.75 million in convertible notes, aiming to further increase its Bitcoin holdings.



MSTR has made a pullback on the yearly chart and it trades considerably below its all-time high. I think that if Bitcoin is able to breach its key resistance areas then we&rsquo;ll see MSTR also rocket in response.



<h2>Marathon Digital (MARA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2024/02/mara1600-2-300x169.png" alt="In this photo illustration, the Marathon Digital Holdings (MARA) logo seen displayed on a smartphone screen"><div>Source: rafapress / Shutterstock.com</div></div>Marathon Digital (NASDAQ:<a href="https://investorplace.com/stock-quotes/mara-stock-quote/">MARA</a>) is a prominent player in the Bitcoin mining industry with extensive operations.



MARA has outlined <a href="https://ir.mara.com/news-events/press-releases/detail/1351/marathon-digital-holdings-announces-bitcoin-production-and">ambitious plans for expansion</a> and growth. The company aims to increase its Bitcoin mining capacity. Additionally, MARA intends to continue investing in the latest mining hardware and technology.



The CEO of Marathon, Fred Thiel, <a href="https://www.bloomberg.com/news/articles/2024-04-09/marathon-ceo-thiel-says-mara-bitcoin-halving-rally-partially-priced-in">suggested that the halving event</a> was already priced into the market. Thiel believed that significant demand from ETFs has already absorbed some of this impact. As a result, the halving may have a limited effect on Bitcoin prices.



This may seem to contradict MARA was one of the post-having stocks to buy, but the recent price movements by Bitcoin seem to suggest otherwise. Bitcoin briefly breached the $60,000 support level and has since rebounded strongly after the halving event. ETF inflows are also strong.



The issue with saying that the market is &ldquo;pricing things in&rdquo; is that it&rsquo;s a reasonable assumption but ultimately an unfalsifiable thing to claim. For the record: MARA is up 3% in pre-market trading today.



<h2>Bitdeer Technologies (BTDR)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/stocks-to-buy-9-300x169.jpg" alt="stock button on a computer keyboard (representing best investments to start 2021. stocks to buy"><div>Source: Shutterstock</div></div>Bitdeer Technologies (NASDAQ:<a href="https://investorplace.com/stock-quotes/btdr-stock-quote/">BTDR</a>) offers competitive share prices and has a low breakeven point for Bitcoin mining.



Bitdeer <a href="https://stockanalysis.com/stocks/btdr/">reported robust revenues</a> in the fourth quarter of the previous year, with a significant increase in self-mining revenues. The company also achieved positive earnings per share (<a href="https://investorplace.com/stock-quotes/eps-stock-quote/">EPS</a>) compared to the previous year.



Bitdeer has also made <a href="https://www.nasdaq.com/articles/this-undervalued-bitcoin-mining-stock-is-set-to-double-according-to-wall-street-analysts">strategic moves</a> to enhance its profitability and expand its operations. These include appointing founder Jihan Wu as CEO, opening a data center in Bhutan to reduce electricity costs, and leveraging immersion cooling technology in its Norway data center to optimize electricity usage.



The main reason I like BTDR though comes from its low valuation, especially compared to other Bitcoin miners. It trades a just 1.89 times sales, and has a positive forward P/E ratio.



As a relatively undervalued gem in the market, I think that BTDR has has the potential to surge much higher.



 On the date of publication, Matthew Farley did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed are those of the writer, subject to the<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/"> InvestorPlace.com Publishing Guidelines</a>.
<div>Matthew started writing coverage of the financial markets during the crypto boom of 2017 and was also a team member of several fintech startups. He then started writing about Australian and U.S. equities for various publications. His work has appeared in MarketBeat, FXStreet, Cryptoslate, Seeking Alpha, and the New Scientist magazine, among others.</div><h3>More From InvestorPlace</h3>
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The post <a href="https://investorplace.com/2024/04/7-stocks-to-buy-right-after-the-april-bitcoin-halving/">7 Stocks to Buy Right After the April Bitcoin Halving </a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

7 Stocks to Buy Right After the April Bitcoin Halving

Bitcoin (BTC-USD) is evolving beyond its original premise as a decentralized medium of exchange and store of value. The latest addition to its prot...