MARA Holdingsの空売り状況は、投資家がMARA Holdingsの株価下落に賭けている度合いを知ることができます。空売りデータは2週間ごとに更新されます。

MARA Holdings (NASDAQ:MARA) 株価情報, 空売り情報

MARA Holdings

Marathon Digital Holdings

MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value.

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現物型イーサリアムETFが承認された。現物型ビットコインに続いて2つ目のETF承認となった。仮想通貨市場全体は現物型ETFの承認を好感し、強気相場を形成、大きな上昇を記録した。その一方、当のイーサリアムは大幅な売り圧に苦しむ相場状況となった。

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月曜日の取引終了時点で、米国株は上昇している。ダウ工業株30種平均は0.5％上昇し、40,211.72ドルになった。S&amp;P 500指数は0.3％上昇し、5,631.22ドル、ナスダック総合指数は0.4％上昇し18,472.57ドルで取引を終えた。

ドナルド・トランプ氏関連企業が株価引き上げ

MARA Holdings Inc

MARATHON OIL ORD

MARATHON PETROLEUM ORD

Marani Brands Inc

MARATHON BANCORP INC by Marathon Bancorp Inc.

Marathon Bancorp Inc

Marathon Gold Corp

MARATHON GROUP CORP by Marathon Group Corp.

Marathon Group Corp

Marathon Oil Corp

Marathon Petroleum Corporation Common Stock

Marathon Petroleum Corp

Maravai LifeSciences Holdings, Inc. - Class A common stock

Maravai LifeSciences Holdings Inc

Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) is trading higher Friday possibly on the back of positive news surrounding its Bitcoin mining operations and broader activity in the cryptocurrency sector. Here&#8217;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41140915/whats-going-on-with-bitcoin-mining-stock-marathon-digital-wednesday">what you need to know</a>.
What To Know: The company, one of the leading Bitcoin miners, released a production update this week, reporting a 5% increase in Bitcoin production for September, with a total of 705 Bitcoins mined compared to 673 in August. Additionally, Marathon holds a massive 26,842 Bitcoins, opting not to sell any in September.
Marathon's hash rate climed to 36.9 EH/s, up 5% month-over-month. The company is on track to meet its goal of reaching a hash rate of 50 EH/s by the end of 2024. Marathon also won 207 Bitcoin blocks last month, up 6% compared to August. These achievements reflect Marathon's focus on scaling its operations and optimizing its data centers, including the conversion of its Granbury data center to immersion cooling, which is progressing as planned.
The company's stock saw significant options activity, with both bullish and bearish positions being taken by large investors. While some expect the stock to fall in the $10 to $30 range in the coming months.
MARA Price Action: Marathon Digital shares were up by 5.53% at $16.33 at the time of writing, according to<a href="https://pro.benzinga.com/dashboard"> Benzinga Pro.</a>
<figure class="wp-block-image size-large is-resized"><a href="https://www.benzinga.com/pro/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="1024" height="567" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04143958/SOFI-1-1024x567.png" alt="" class="wp-image-581550" style="width:476px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04143958/SOFI-1-1024x567.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04143958/SOFI-1-300x166.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04143958/SOFI-1-768x425.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/10/04143958/SOFI-1.png 1084w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
See Also:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41190083/us-labor-market-posts-strong-data-what-it-means-for-bitcoin">US Labor Market Posts Strong Data—What It Means For Bitcoin</a></li>
</ul>
Photo by JHVEPhoto via Shutterstock.

Marathon Digital Shares Weekly Recap: Strong Bitcoin Production and Increased Hash Rate Drive 5% Stock Surge

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. 
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>10/04/24</td>
<td>$124.00</td>
<td>$28.7K</td>
<td>53.1K</td>
<td>176.6K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$167.50</td>
<td>$62.7K</td>
<td>870</td>
<td>14.9K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$227.50</td>
<td>$65.5K</td>
<td>7.4K</td>
<td>14.9K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$180.00</td>
<td>$45.5K</td>
<td>1.7K</td>
<td>8.4K</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$285.00</td>
<td>$60.4K</td>
<td>392</td>
<td>3.4K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$175.00</td>
<td>$492.8K</td>
<td>7.1K</td>
<td>2.7K</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$400.00</td>
<td>$95.1K</td>
<td>7.8K</td>
<td>1.6K</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$26.0K</td>
<td>6.0K</td>
<td>1.3K</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$155.00</td>
<td>$36.7K</td>
<td>810</td>
<td>867</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$29.4K</td>
<td>22.1K</td>
<td>122</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, is expiring today. Parties traded 728 contract(s) at a $124.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $28.7K, with a price of $39.0 per contract. There were 53143 open contracts at this strike prior to today, and today 176644 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bullish sentiment. It expires in 7 day(s) on October 11, 2024. Parties traded 172 contract(s) at a $167.50 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $62.7K, with a price of $365.0 per contract. There were 870 open contracts at this strike prior to today, and today 14927 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 bullish sentiment. It expires in 7 day(s) on October 11, 2024. Parties traded 397 contract(s) at a $227.50 strike. This particular call needed to be split into 17 different trades to become filled. The total cost received by the writing party (or parties) was $65.5K, with a price of $165.0 per contract. There were 7402 open contracts at this strike prior to today, and today 14915 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option sweep that happens to be bearish, expiring in 7 day(s) on October 11, 2024. This event was a transfer of 100 contract(s) at a $180.00 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 $45.5K, with a price of $455.0 per contract. There were 1702 open contracts at this strike prior to today, and today 8454 contract(s) were bought and sold. 
• Regarding CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we observe a call option sweep with bullish sentiment. It expires in 14 day(s) on October 18, 2024. Parties traded 87 contract(s) at a $285.00 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 $60.4K, with a price of $695.0 per contract. There were 392 open contracts at this strike prior to today, and today 3401 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 trade with bullish sentiment. It expires in 14 day(s) on October 18, 2024. Parties traded 896 contract(s) at a $175.00 strike. The total cost received by the writing party (or parties) was $492.8K, with a price of $550.0 per contract. There were 7169 open contracts at this strike prior to today, and today 2739 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a put option sweep with bearish sentiment. It expires in 42 day(s) on November 15, 2024. Parties traded 122 contract(s) at a $400.00 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 $95.1K, with a price of $780.0 per contract. There were 7837 open contracts at this strike prior to today, and today 1670 contract(s) were bought and sold. 
• For DOCN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), we notice a call option trade that happens to be bullish, expiring in 14 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $42.50 strike. The total cost received by the writing party (or parties) was $26.0K, with a price of $130.0 per contract. There were 6057 open contracts at this strike prior to today, and today 1394 contract(s) were bought and sold. 
• For QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we notice a put option trade that happens to be bearish, expiring in 140 day(s) on February 21, 2025. This event was a transfer of 35 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $36.7K, with a price of $1050.0 per contract. There were 810 open contracts at this strike prior to today, and today 867 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 bearish sentiment. It expires in 105 day(s) on January 17, 2025. Parties traded 40 contract(s) at a $10.00 strike. The total cost received by the writing party (or parties) was $29.4K, with a price of $735.0 per contract. There were 22162 open contracts at this strike prior to today, and today 122 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.

Options

AVGO

DOCN

MSFT

MSTR

NVDA

QCOM

10 Information Technology Stocks Whale Activity In Today's Session

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>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$126.00</td>
<td>$27.4K</td>
<td>8.8K</td>
<td>12.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$165.00</td>
<td>$31.4K</td>
<td>7.2K</td>
<td>9.5K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$20.00</td>
<td>$705.8K</td>
<td>9.0K</td>
<td>2.4K</td>
</tr>
<tr>
<td>TSM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$160.00</td>
<td>$48.9K</td>
<td>2.6K</td>
<td>2.2K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/11/24</td>
<td>$170.00</td>
<td>$44.5K</td>
<td>1.4K</td>
<td>2.2K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$32.00</td>
<td>$36.1K</td>
<td>36.3K</td>
<td>2.1K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$420.00</td>
<td>$29.5K</td>
<td>4.5K</td>
<td>2.1K</td>
</tr>
<tr>
<td>TXN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$205.00</td>
<td>$26.5K</td>
<td>343</td>
<td>1.1K</td>
</tr>
<tr>
<td>SEDG</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$15.00</td>
<td>$68.9K</td>
<td>373</td>
<td>616</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$27.50</td>
<td>$25.2K</td>
<td>17.7K</td>
<td>606</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created 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 8 day(s) on October 11, 2024. Parties traded 127 contract(s) at a $126.00 strike. This particular call needed to be split into 15 different trades to become filled. The total cost received by the writing party (or parties) was $27.4K, with a price of $216.0 per contract. There were 8898 open contracts at this strike prior to today, and today 12122 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on October 11, 2024. Parties traded 75 contract(s) at a $165.00 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 $31.4K, with a price of $420.0 per contract. There were 7252 open contracts at this strike prior to today, and today 9565 contract(s) were bought and sold. 
• Regarding CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we observe a call option sweep with bullish sentiment. It expires in 470 day(s) on January 16, 2026. Parties traded 2451 contract(s) at a $20.00 strike. This particular call needed to be split into 50 different trades to become filled. The total cost received by the writing party (or parties) was $705.8K, with a price of $288.0 per contract. There were 9037 open contracts at this strike prior to today, and today 2474 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 trade with bullish sentiment. It expires in 106 day(s) on January 17, 2025. Parties traded 17 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $48.9K, with a price of $2880.0 per contract. There were 2616 open contracts at this strike prior to today, and today 2276 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 8 day(s) on October 11, 2024. Parties traded 100 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $44.5K, with a price of $445.0 per contract. There were 1433 open contracts at this strike prior to today, and today 2262 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 78 day(s) on December 20, 2024. This event was a transfer of 1000 contract(s) at a $32.00 strike. This particular call needed to be split into 25 different trades to become filled. The total cost received by the writing party (or parties) was $36.1K, with a price of $36.0 per contract. There were 36349 open contracts at this strike prior to today, and today 2192 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a call option trade with bearish sentiment. It expires in 15 day(s) on October 18, 2024. Parties traded 50 contract(s) at a $420.00 strike. The total cost received by the writing party (or parties) was $29.5K, with a price of $590.0 per contract. There were 4531 open contracts at this strike prior to today, and today 2189 contract(s) were bought and sold. 
• Regarding TXN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>), we observe a call option sweep with bearish sentiment. It expires in 8 day(s) on October 11, 2024. Parties traded 125 contract(s) at a $205.00 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 $26.5K, with a price of $212.0 per contract. There were 343 open contracts at this strike prior to today, and today 1129 contract(s) were bought and sold. 
• For SEDG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SEDG#NASDAQ">SEDG</a>), we notice a put option trade that happens to be bullish, expiring in 260 day(s) on June 20, 2025. This event was a transfer of 189 contract(s) at a $15.00 strike. The total cost received by the writing party (or parties) was $68.9K, with a price of $365.0 per contract. There were 373 open contracts at this strike prior to today, and today 616 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 call option sweep that happens to be bullish, expiring in 106 day(s) on January 17, 2025. This event was a transfer of 250 contract(s) at a $27.50 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $25.2K, with a price of $101.0 per contract. There were 17728 open contracts at this strike prior to today, and today 606 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.

CLSK

INTC

SEDG

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) miner Marathon Digital Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) on Wednesday released a production and <a href="https://www.benzinga.com/pressreleases/24/10/g41139132/mara-announces-bitcoin-production-and-mining-operation-updates-for-september-2024">mining operations update</a>.
What Happened: Marathon Digital mined 705 Bitcoin in September, up 5% from August. The company's total Bitcoin holdings were 26,842 at the end of the month after opting not to sell any Bitcoin in September.
Marathon won 207 blocks last month, up 6% compared to August. The company said its energized hash rate increased 5% month-over-month to 36.9 EH/s in September.&nbsp;Marathon noted that it remains on track to reach its target of 50 EH/s by the end of the year.
&#8220;In September, the strength of our globally diversified operations was evident as we achieved significant uptime and increased our energized hash rate to 36.9 EH/s, reflecting&nbsp;5%&nbsp;growth from August,&#8221; said Fred Thiel, chairman and CEO of Marathon Digital.
&#8220;Block wins during the month increased&nbsp;6%&nbsp;from August while BTC production grew&nbsp;5%&nbsp;to 705 BTC. We are proud to have surpassed a marathon worth of bitcoin HODL in September and currently have almost 27,000 BTC on our balance sheet.&#8221;
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41138597/why-bitcoins-uptober-wont-be-a-smooth-ride-its-the-election-silly">Why Bitcoin&#8217;s &#8216;Uptober&#8217; Won&#8217;t Be A Smooth Ride: It&#8217;s The Election, Silly</a>
Marathon said it became the first publicly traded digital asset compute company to submit a disclosure to the Climate Disclosure Project. The company noted that the submission reinforces its commitment to environmental transparency and corporate responsibility.
&#8220;Our team continues to quickly energize our owned sites and operate them more efficiently than originally planned. The conversion of our Granbury data center from air cooled to MARA&#8217;s immersion containers is progressing on time and we expect this work to be completed before year end,&#8221; Thiel added.
MARA Price Action: <a href="http://benzinga.com/quote/MARA">Marathon Digital shares</a> were down 0.93% at $14.93 at the time of publication, according to<a href="http://pro.benzinga.com"> Benzinga Pro</a>.
Photo: Shutterstock.

What's Going On With Bitcoin Mining Stock Marathon Digital Wednesday?

MARA Sept. Energized Hash Rate Increased 5% To 36.9 EH/s, BTC Production Grew 5% To 705 BTC

Not too long ago, crypto-related stocks generated buzz as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) surged to new heights. These stocks gained significant popularity due to the excitement surrounding digital currencies and media attention. However, in recent times, crypto stocks have become less of a focus, even as Bitcoin hovers near crucial resistance levels, signaling a potential breakout.
So, is the value and hype no longer present in these once-popular crypto stocks? Or should investors keep them on their radar, even though the excitement seems to have diminished?
Let&#39;s examine two prominent crypto-related stocks and their performance compared to Bitcoin&#39;s recent moves.
<h2>Bitcoin&#39;s Recent Performance: Stable Consolidation Near Key Levels</h2>
While Bitcoin has traded mostly sideways for the past six months, showing an 8.7% decline during this period, it remains up 143% over the past year and 44% YTD. Although its recent consolidation near its all-time highs near $73,000 has subdued media interest, this major breakout level could spark a significant upward move if breached.
One potential reason for less interest in crypto-related stocks could be the rise of Bitcoin ETFs, like the iShares Bitcoin Trust (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ibit#NASDAQ">IBIT</a>). These ETFs offer direct exposure to Bitcoin, potentially attracting investors who might have previously invested in mining stocks for their crypto exposure. But how have some of the more popular Bitcoin mining stocks performed compared to Bitcoin itself?
<h2>MARA Enters Bear Market After Earnings Miss</h2>
Marathon Digital Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>), a significant player in the mining space, struggled during Bitcoin&#39;s recent consolidation. While Bitcoin is down 8.7% over the past six months, MARA&#39;s share price has plunged over 20% during that same period and is down more than 30% YTD.
The company&#39;s recent earnings miss only added to the sell-off. On August 1st, 2024, Marathon Digital reported a quarterly loss of ($0.72) per share, significantly worse than the expected ($0.23). Revenue also fell short, reaching $145.14 million versus an expected $157.86 million.
Despite the poor performance, analysts remain relatively optimistic, with a consensus Hold rating and a price target of $19.61, suggesting a potential upside of 21.5%. However, with MARA underperforming Bitcoin and reporting weak earnings, it may take more than a Bitcoin rally to reverse its current downtrend.
<h2>RIOT&#39;s Stock Plunges 60% From 52-Week High</h2>
Riot Platforms, another major Bitcoin mining company, has experienced a similar fate. Over the past six months, RIOT&#39;s stock has dropped nearly 40%, down 60% from its 52-week high.
The company&#39;s latest earnings report, released on July 31st, 2024, showed a loss of ($0.32) per share, double the expected ($0.16) loss. Riot&#39;s revenue also slightly missed expectations, reaching $70 million, down 8.7% year-over-year.
Despite these struggles, analysts maintain a bullish outlook, with a Buy consensus and a price target of $16.60, implying more than 100% potential upside. While this might make RIOT seem like a bargain, the stock&#39;s significant underperformance compared to Bitcoin suggests that it may take more than a Bitcoin breakout to turn things around.
<h2>Cautious Optimism: Analysts See Potential for Marathon and Riot Recovery</h2>
Marathon Digital and Riot Platforms have dramatically underperformed Bitcoin, even though the cryptocurrency holds near crucial levels. While analysts remain optimistic about their long-term potential, the current weakness in earnings and stock price momentum raises caution. Investors eyeing these names should keep a close watch on Bitcoin&#39;s price action, but as the saying goes, it&#39;s never good to try and catch a falling knife. These stocks may require more than a Bitcoin breakout to regain strength.
The article &quot;<a href="https://www.marketbeat.com/stock-ideas/are-crypto-stocks-still-worth-watching-as-bitcoin-consolidates/">Are Crypto Stocks Still Worth Watching as Bitcoin Consolidates?</a>&quot; first appeared on MarketBeat.

Earnings

Earnings Misses

Mid Cap

New ETFs

Price Target

Global

Analyst Ratings

Tech

ETFs

IBIT

Are Crypto Stocks Still Worth Watching as Bitcoin Consolidates?

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell sharply to a low of $61,100, down about 4% in the last 24 hours, as news broke of escalating <a href="https://www.benzinga.com/etfs/broad-u-s-equity-etfs/24/10/41120592/iran-set-to-launch-ballistic-missile-attack-against-israel-report">tensions in the Middle East</a>.
What Happened: The Israel Defense Forces (IDF) reported that more than 100 missiles have been fired into Israel from Iran, setting off sirens in key cities, including Tel Aviv and Jerusalem, <a href="https://news.sky.com/story/israel-hezbollah-lebanon-war-latest-sky-news-live-12978800">according</a> to Sky News.
This development has sent shockwaves through global markets, with cryptocurrencies taking a notable hit amid the rising geopolitical uncertainty.
The attack is being described as a significant escalation in the ongoing conflict. 
Military correspondent Alistair Bunkall called it &#8220;far bigger&#8221; than previous missile strikes, signaling a potential shift in the region&#8217;s tensions.
Also Read:<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41123678/joe-biden-inspired-jeo-boden-meme-coin-leaves-rivals-dogecoin-shiba-inu-in-the-dust-with-7"> Joe Biden-Inspired Jeo Boden Meme Coin Leaves Rivals Dogecoin, Shiba Inu In The Dust With 75% Gain</a>
In response, Israel has targeted locations in Lebanon, which it claims are used by Hezbollah militants, a group that is part of Iran&#8217;s &#8216;axis of resistance.&#8217; 
The current situation marks Iran&#8217;s retaliation for Israel&#8217;s actions, intensifying the regional conflict.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) also experienced a substantial decline, dropping by 6.3% and trading at $2,446 as the market reacted to the unfolding events, according to data from CoinGecko.
Investors are clearly spooked, seeking safe-haven assets amid the escalating geopolitical crisis, leading to a swift sell-off in risk assets like cryptocurrencies.
The turbulence in the crypto market has also hit major players in the Bitcoin mining sector. 
According to Benzinga Pro, Marathon Digital (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) suffered the most among Bitcoin miners, with its shares plunging nearly 9% to $14.84 before recovering slightly.
CleanSpark (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) fell by almost 6%, while both Core Scientific (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>) and Riot Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) saw a decline of about 4%. 
In addition, Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), the leading U.S. cryptocurrency exchange, experienced an 8% drop in its stock on Tuesday, reflecting the broader market&#8217;s nervousness.
What&#8217;s Next: Analysts will likely explore these dynamics further at Benzinga&#8217;s <a href="https://www.benzinga.com/events/digital-assets/agenda/">Future of Digital Assets</a> conference on Nov. 19, where experts will discuss the impact of global events on digital asset markets and how investors can navigate the volatile landscape.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41121820/bernstein-raises-riot-platforms-price-target-to-22-maintains-outperform-rating">Bernstein Raises Riot Platforms Price Target To $22, Maintains Outperform Rating</a></li>
</ul>
Image: Shutterstock

CORZ

RIOT

Bitcoin Plunges Below $62K As Iran Launches Missile Attack On Israel

Investors with a lot of money to spend have taken a bearish stance on MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>).
And retail traders should know.
We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MARA, it often means somebody knows something is about to happen.
So how do we know what these investors just did? 
Today, <a href="https://pro.benzinga.com/?utm_source=insights">Benzinga</a>'s options scanner spotted 30 uncommon options trades for MARA Holdings.
This isn't normal.
The overall sentiment of these big-money traders is split between 43% bullish and 46%, bearish.
Out of all of the special options we uncovered, 9 are puts, for a total amount of $375,752, and 21 are calls, for a total amount of $1,090,164.
<h3>Predicted Price Range</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $10.0 to $30.0 for MARA Holdings over the recent three months. 
<h3>Volume &amp; Open Interest Trends</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 MARA 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 MARA Holdings's substantial trades, within a strike price spectrum from $10.0 to $30.0 over the preceding 30 days.
<h3>MARA Holdings 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727800228_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</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>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$1.93</td>
<td>$1.9</td>
<td>$1.9</td>
<td>$19.00</td>
<td>$90.8K</td>
<td>4.3K</td>
<td>23</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$8.5</td>
<td>$8.3</td>
<td>$8.3</td>
<td>$10.00</td>
<td>$83.0K</td>
<td>5.7K</td>
<td>205</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$8.45</td>
<td>$8.3</td>
<td>$8.3</td>
<td>$10.00</td>
<td>$82.1K</td>
<td>5.7K</td>
<td>105</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$1.9</td>
<td>$1.87</td>
<td>$1.87</td>
<td>$19.00</td>
<td>$81.9K</td>
<td>4.3K</td>
<td>1.5K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$6.55</td>
<td>$6.5</td>
<td>$6.5</td>
<td>$15.00</td>
<td>$67.6K</td>
<td>2.7K</td>
<td>159</td>
</tr>
</tbody>
</table>

<h3>About MARA Holdings</h3>
MARA Holdings Inc leverages digital asset compute to support the energy transformation. It secures the blockchain ledger and supports the energy transformation by converting clean, stranded, or underutilized energy into economic value.
After a thorough review of the options trading surrounding MARA Holdings, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of MARA Holdings</h3>
<ul>
<li>With a volume of 21,590,289, the price of MARA is down -6.72% at $15.13. </li>
<li>RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.</li>
<li>Next earnings are expected to be released in 36 days.</li>
</ul>
<h3>What Analysts Are Saying About MARA Holdings</h3>
A total of 1 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $22.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; An analyst from Macquarie downgraded its action to Outperform with a price target of $22. 
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 MARA Holdings options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Looking At MARA Holdings's Recent Unusual Options Activity

WIIM

APLD

ARBK

BITF

BTBT

BTDR

CIFR

FUFU

HIVE

IREN

WULF

Shares of crypto-related stocks are trading lower amid a drop in the price of Bitcoin. Shares of the asset are falling as tensions rise in the Middle East following reports suggesting that Iran could be preparing to attack Israel.

Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining stocks are a mixed bag right now. With soaring hashrates and dwindling returns, the industry is<a href="https://www.benzinga.com/crypto"> feeling the squeeze</a>. 
But according to JPMorgan's Reginald L. Smith, not all miners are created equal. In fact, Smith says MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) is far too expensive for what it offers, while Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) may be a hidden gem. 
So, why is one stock overpriced and the other underappreciated? The devil's in the details.
<h2 class="wp-block-heading">Why MARA Is Expensive</h2>
Smith's analysis revolves around the economics of grid connections and mining operations. Marathon's mining setup is valued at $2.8 billion, but with only three bitcoins mined daily (net of power costs), it would take over 40 years for the company to generate its implied value.
That's an eye-watering number, especially when you consider that the lifespan of its mining equipment is less than four years. No wonder Smith finds MARA "inexplicably expensive."
Read Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41101479/bitcoin-price-is-an-opportunity-technical-analyst-tells-benzinga-watch-these-indicators-fo">Bitcoin Price Is An &#8216;Opportunity,&#8217; Technical Analyst Tells Benzinga: Watch These Indicators For Signs Of A Price Surge</a>
<h2 class="wp-block-heading">Why RIOT Is A Clear Bargain</h2>
On the other hand, Riot's valuation tells a different story. RIOT's land and power assets are worth $1.4 billion—more than its current enterprise value of $1.2 billion. In other words, the market is giving negative value to its mining operations despite Riot producing eight bitcoins daily.
For Smith, this discrepancy makes RIOT a clear bargain, or in his words, "cheap."
As the bitcoin mining landscape shifts, Smith suggests that direct bitcoin investments may yield better returns than pouring more capital into mining infrastructure. 
With payback periods lengthening and industry economics tightening, Riot's undervalued assets could be the ace up its sleeve, while Marathon's inflated price tag raises serious questions about its future prospects.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41093151/whats-going-on-with-bitcoin-mining-stocks-marathon-digital-riot-platforms-and-cleanspark">What&#8217;s Going On With Bitcoin Mining Stocks Marathon Digital, Riot Platforms And CleanSpark?</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Long Ideas

Bitcoin Miner Marathon Digital 'Inexplicably Expensive,' While Riot Platforms 'Cheap,' Says Analyst

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>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$120.00</td>
<td>$48.0K</td>
<td>28.4K</td>
<td>95.1K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$232.50</td>
<td>$91.3K</td>
<td>13.3K</td>
<td>86.9K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$430.00</td>
<td>$32.0K</td>
<td>3.0K</td>
<td>6.4K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$420.00</td>
<td>$158.0K</td>
<td>746</td>
<td>4.7K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$115.00</td>
<td>$28.0K</td>
<td>27.6K</td>
<td>3.5K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$42.00</td>
<td>$27.7K</td>
<td>2.8K</td>
<td>3.5K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$17.00</td>
<td>$60.9K</td>
<td>6.9K</td>
<td>2.9K</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$23.00</td>
<td>$163.3K</td>
<td>5.9K</td>
<td>2.4K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$170.00</td>
<td>$83.2K</td>
<td>620</td>
<td>1.1K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$165.00</td>
<td>$400.9K</td>
<td>813</td>
<td>859</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 4 day(s) on October 4, 2024. This event was a transfer of 200 contract(s) at a $120.00 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 $48.0K, with a price of $240.0 per contract. There were 28406 open contracts at this strike prior to today, and today 95120 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on October 4, 2024. This event was a transfer of 439 contract(s) at a $232.50 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 $91.3K, with a price of $208.0 per contract. There were 13330 open contracts at this strike prior to today, and today 86957 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 sweep that happens to be bullish, expiring in 4 day(s) on October 4, 2024. This event was a transfer of 100 contract(s) at a $430.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $32.0K, with a price of $320.0 per contract. There were 3018 open contracts at this strike prior to today, and today 6496 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 bearish, expiring in 4 day(s) on October 4, 2024. This event was a transfer of 100 contract(s) at a $420.00 strike. The total cost received by the writing party (or parties) was $158.0K, with a price of $1580.0 per contract. There were 746 open contracts at this strike prior to today, and today 4738 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 sweep with bearish sentiment. It expires in 46 day(s) on November 15, 2024. Parties traded 102 contract(s) at a $115.00 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 $28.0K, with a price of $275.0 per contract. There were 27631 open contracts at this strike prior to today, and today 3599 contract(s) were bought and sold. 
• Regarding PLTR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>), we observe a call option sweep with bullish sentiment. It expires in 46 day(s) on November 15, 2024. Parties traded 220 contract(s) at a $42.00 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 $27.7K, with a price of $126.0 per contract. There were 2867 open contracts at this strike prior to today, and today 3561 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 bearish, expiring in 46 day(s) on November 15, 2024. This event was a transfer of 293 contract(s) at a $17.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $60.9K, with a price of $208.0 per contract. There were 6904 open contracts at this strike prior to today, and today 2910 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 bullish, expiring in 172 day(s) on March 21, 2025. This event was a transfer of 596 contract(s) at a $23.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $163.3K, with a price of $274.0 per contract. There were 5981 open contracts at this strike prior to today, and today 2436 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a put option sweep that happens to be bullish, expiring in 18 day(s) on October 18, 2024. This event was a transfer of 66 contract(s) at a $170.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $83.2K, with a price of $1265.0 per contract. There were 620 open contracts at this strike prior to today, and today 1167 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with bearish sentiment. It expires in 144 day(s) on February 21, 2025. Parties traded 198 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $400.9K, with a price of $2025.0 per contract. There were 813 open contracts at this strike prior to today, and today 859 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.

PLTR

SMCI

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

Bitcoin (CRYPTO: <a href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining stocks 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 moving lower Monday alongside the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41079475/benzinga-bulls-and-bears-apple-tesla-novo-nordisk-bitcoin-and-shiba-inus-major-stablecoin-">price of Bitcoin.</a>
What To Know:&nbsp;Bitcoin is down about 2.5% over the last 24 hours driving weakness in the broader crypto space and in crypto-related stocks. The move comes as Bitcoin has rallied in recent weeks after Bitcoin spot ETFs&nbsp;reported several consecutive days of <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41070034/bitcoin-smashes-through-66-000-as-etfs-take-in-365m-to-extend-their-inflow-streak-to-6-str">positive fund flows</a>. Bitcoin is up about 9% over the last month and is about 15% off all-time highs.
Bitcoin miners report mining metrics on a monthly basis. Marathon, Riot and CleanSpark are expected to report numbers for September this week. 
Last month, Marathon said it mined 673 Bitcoin with an energized hash rate of 35.2 EH/s, Riot mined 322 Bitcoin with an average operating hash rate of 14.5 EH/s and CleanSpark mined 478 Bitcoin with an operating hash rate of 22.6 EH/s.
Marathon Digital&nbsp;engages in&nbsp;mining digital assets and focuses on the Bitcoin ecosystem.&nbsp;The stock was down 3.76% at $16.64&nbsp;at publication time.&nbsp;
Riot Blockchain is focused on building, supporting and operating&nbsp;<a href="https://www.benzinga.com/topic/blockchain" target="_blank" rel="noreferrer noopener">blockchain technologies</a>. Shares were down 3.44% at $7.57&nbsp;Monday morning.
CleanSpark&nbsp;is an energy&nbsp;company that transitioned its expertise to focus on Bitcoin mining in 2020. CleanSpark shares were down 4.74% at $9.65 at the time of writing.
Check This Out: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41079475/benzinga-bulls-and-bears-apple-tesla-novo-nordisk-bitcoin-and-shiba-inus-major-stablecoin-">Benzinga Bulls And Bears: Apple, Tesla, Novo Nordisk, Bitcoin — And Shiba Inu&#8217;s Major Stablecoin Tease</a>
$BTC Price Action: At the time of publication, Bitcoin was down 2.48% over a 24-hour period, trading around $64,000, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

What's Going On With Bitcoin Mining Stocks Marathon Digital, Riot Platforms And CleanSpark?

Shares of crypto-linked stocks are trading lower amid a pullback 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 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. 
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>09/27/24</td>
<td>$120.00</td>
<td>$29.0K</td>
<td>80.1K</td>
<td>109.7K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$415.00</td>
<td>$31.0K</td>
<td>525</td>
<td>16.5K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/04/24</td>
<td>$227.50</td>
<td>$36.3K</td>
<td>3.5K</td>
<td>10.4K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/04/24</td>
<td>$17.50</td>
<td>$82.0K</td>
<td>4.7K</td>
<td>7.8K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/04/24</td>
<td>$175.00</td>
<td>$26.4K</td>
<td>38.3K</td>
<td>6.4K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$170.00</td>
<td>$110.0K</td>
<td>1.7K</td>
<td>3.5K</td>
</tr>
<tr>
<td>CORZ</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$8.00</td>
<td>$41.9K</td>
<td>9.1K</td>
<td>3.3K</td>
</tr>
<tr>
<td>PGY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$5.00</td>
<td>$37.5K</td>
<td>0</td>
<td>1.5K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$130.00</td>
<td>$47.4K</td>
<td>2.7K</td>
<td>994</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$160.00</td>
<td>$95.5K</td>
<td>17.2K</td>
<td>913</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, is expiring today. Parties traded 450 contract(s) at a $120.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $29.0K, with a price of $64.0 per contract. There were 80174 open contracts at this strike prior to today, and today 109777 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, is expiring today. Parties traded 200 contract(s) at a $415.00 strike. This particular put needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $31.0K, with a price of $155.0 per contract. There were 525 open contracts at this strike prior to today, and today 16571 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a put option trade that happens to be neutral, expiring in 7 day(s) on October 4, 2024. This event was a transfer of 160 contract(s) at a $227.50 strike. The total cost received by the writing party (or parties) was $36.3K, with a price of $227.0 per contract. There were 3564 open contracts at this strike prior to today, and today 10464 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 7 day(s) on October 4, 2024. This event was a transfer of 1000 contract(s) at a $17.50 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 $82.0K, with a price of $82.0 per contract. There were 4753 open contracts at this strike prior to today, and today 7868 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option sweep with neutral sentiment. It expires in 7 day(s) on October 4, 2024. Parties traded 28 contract(s) at a $175.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $26.4K, with a price of $947.0 per contract. There were 38380 open contracts at this strike prior to today, and today 6484 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 put option trade with bearish sentiment. It expires in 7 day(s) on October 4, 2024. Parties traded 500 contract(s) at a $170.00 strike. The total cost received by the writing party (or parties) was $110.0K, with a price of $220.0 per contract. There were 1715 open contracts at this strike prior to today, and today 3525 contract(s) were bought and sold. 
• For CORZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), we notice a put option sweep that happens to be bearish, expiring in 49 day(s) on November 15, 2024. This event was a transfer of 3333 contract(s) at a $8.00 strike. This particular put needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $41.9K, with a price of $15.0 per contract. There were 9152 open contracts at this strike prior to today, and today 3334 contract(s) were bought and sold. 
• Regarding PGY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>), we observe a put option sweep with neutral sentiment. It expires in 147 day(s) on February 21, 2025. Parties traded 1500 contract(s) at a $5.00 strike. This particular put needed to be split into 46 different trades to become filled. The total cost received by the writing party (or parties) was $37.5K, with a price of $25.0 per contract. There were 0 open contracts at this strike prior to today, and today 1500 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 trade that happens to be bullish, expiring in 49 day(s) on November 15, 2024. This event was a transfer of 177 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $47.4K, with a price of $268.0 per contract. There were 2767 open contracts at this strike prior to today, and today 994 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a call option trade with neutral sentiment. It expires in 21 day(s) on October 18, 2024. Parties traded 100 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $95.5K, with a price of $955.0 per contract. There were 17277 open contracts at this strike prior to today, and today 913 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.

SNOW

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>TRADE</td>
<td>NEUTRAL</td>
<td>09/27/24</td>
<td>$125.00</td>
<td>$32.5K</td>
<td>10.3K</td>
<td>73.9K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$227.50</td>
<td>$25.2K</td>
<td>18.6K</td>
<td>51.4K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$20.00</td>
<td>$29.0K</td>
<td>25.7K</td>
<td>6.6K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$435.00</td>
<td>$29.2K</td>
<td>3.4K</td>
<td>4.6K</td>
</tr>
<tr>
<td>DOCN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$42.50</td>
<td>$35.0K</td>
<td>3.7K</td>
<td>1.6K</td>
</tr>
<tr>
<td>PGY</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$10.00</td>
<td>$29.4K</td>
<td>1.0K</td>
<td>413</td>
</tr>
<tr>
<td>ACN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$350.00</td>
<td>$25.4K</td>
<td>666</td>
<td>399</td>
</tr>
<tr>
<td>JBL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$120.00</td>
<td>$30.6K</td>
<td>689</td>
<td>360</td>
</tr>
<tr>
<td>INTC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/18/26</td>
<td>$38.00</td>
<td>$33.0K</td>
<td>3.1K</td>
<td>290</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$220.00</td>
<td>$34.9K</td>
<td>1.3K</td>
<td>269</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 put option trade with neutral sentiment. It expires in 1 day(s) on September 27, 2024. Parties traded 100 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $32.5K, with a price of $325.0 per contract. There were 10322 open contracts at this strike prior to today, and today 73990 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 bullish sentiment. It expires in 1 day(s) on September 27, 2024. Parties traded 252 contract(s) at a $227.50 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 $25.2K, with a price of $100.0 per contract. There were 18626 open contracts at this strike prior to today, and today 51421 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 bearish, expiring in 113 day(s) on January 17, 2025. This event was a transfer of 100 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 $29.0K, with a price of $290.0 per contract. There were 25783 open contracts at this strike prior to today, and today 6686 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 sweep that happens to be bearish, expiring in 8 day(s) on October 4, 2024. This event was a transfer of 100 contract(s) at a $435.00 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 $29.2K, with a price of $292.0 per contract. There were 3437 open contracts at this strike prior to today, and today 4628 contract(s) were bought and sold. 
• For DOCN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCN#NYSE">DOCN</a>), we notice a call option trade that happens to be bearish, expiring in 22 day(s) on October 18, 2024. This event was a transfer of 200 contract(s) at a $42.50 strike. The total cost received by the writing party (or parties) was $35.0K, with a price of $175.0 per contract. There were 3702 open contracts at this strike prior to today, and today 1649 contract(s) were bought and sold. 
• For PGY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGY#NASDAQ">PGY</a>), we notice a call option sweep that happens to be bullish, expiring in 113 day(s) on January 17, 2025. This event was a transfer of 190 contract(s) at a $10.00 strike. This particular call needed to be split into 16 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $155.0 per contract. There were 1001 open contracts at this strike prior to today, and today 413 contract(s) were bought and sold. 
• Regarding ACN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACN#NYSE">ACN</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on September 27, 2024. Parties traded 62 contract(s) at a $350.00 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 $25.4K, with a price of $410.0 per contract. There were 666 open contracts at this strike prior to today, and today 399 contract(s) were bought and sold. 
• For JBL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>), we notice a call option trade that happens to be bearish, expiring in 22 day(s) on October 18, 2024. This event was a transfer of 42 contract(s) at a $120.00 strike. The total cost received by the writing party (or parties) was $30.6K, with a price of $730.0 per contract. There were 689 open contracts at this strike prior to today, and today 360 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 call option sweep that happens to be bullish, expiring in 813 day(s) on December 18, 2026. This event was a transfer of 112 contract(s) at a $38.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $33.0K, with a price of $295.0 per contract. There were 3169 open contracts at this strike prior to today, and today 290 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be neutral, expiring in 113 day(s) on January 17, 2025. This event was a transfer of 92 contract(s) at a $220.00 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 $34.9K, with a price of $380.0 per contract. There were 1326 open contracts at this strike prior to today, and today 269 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.

MARA 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 45.32% on an annualized basis producing an average annual return of 59.6%. Currently, MARA Holdings has a market capitalization of $5.28 billion. 
Buying $1000 In MARA: If an investor had bought $1000 of MARA stock 5 years ago, it would be worth $10,237.14 today based on a price of $17.92 for MARA at the time of writing.
<h3>MARA Holdings's Performance Over Last 5 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727368221_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.

If You Invested $1000 In This Stock 5 Years Ago, You Would Have $10,000 Today

Shares of crypto-related stocks are trading higher amid strength in Bitcoin, which passed $65,000 amid upbeat market sentiment, net inflows to Bitcoin spot ETFs and the Fed's recent rate cut.

Riot Platforms, Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/riot#NASDAQ">RIOT</a>) has experienced a 52.7% decline in its stock year to date, a sharp contrast to the 25.1% growth seen in its industry and the 19.6% increase in the Zacks S&amp;P 500 composite.
This downturn mirrors the performance of other cryptocurrency-focused stocks, such as Cipher Mining (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cifr#NASDAQ">CIFR</a>), down 27.6%, and Marathon Digital (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mara#NASDAQ">MARA</a>), which has fallen 31.6% during the same period.
<h2>Year-to-Date Price Performance</h2>
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/fb/79026.jpg?v=770011763" style="height:310px; width:600px" />
Image Source: Zacks Investment Research
The stock recently closed at $7.33, hovering near its 52-week low of $6.36, and is trading below its 50-day moving average, reflecting bearish investor sentiment.
With RIOT shares continuing to show weakness, investors may be considering whether now is the right time to buy. Let&#39;s explore further.
<h2>RIOT&#39;s Post-Halving Obstacles and Financial Difficulties</h2>
One of the primary reasons for RIOT&#39;s downward trajectory is the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)&nbsp;halving event, which has significantly increased operational challenges for miners, including Riot. The halving means that each ASIC miner now needs to work double as hard to mine the same amount of Bitcoin, but the anticipated price increase for Bitcoin has not occurred to balance this increased difficulty. Riot&#39;s Bitcoin production decreased 13% sequentially in August 2024, highlighting the operational inefficiencies and increased challenges the company faces due to the halving.
The drop in production underscores the broader issues Riot is grappling with in its mining operations. In the second quarter of 2024, the company mined 844 Bitcoins, a 52% decrease year over year. This decline is primarily attributed to a significant increase in the Bitcoin network difficulty since January 2023. These operational challenges have put the company in a risky financial position, potentially leading to further share dilution as it seeks funding, which would result in additional losses for shareholders.
<h2>RIOT&#39;s Declining Estimates</h2>
Four estimates for 2024 moved south over the past 60 days versus no northward revisions. Over the same period, the Zacks Consensus Estimate for 2024 earnings has declined 75.9%. This indicates a lack of confidence among analysts in the company&#39;s ability to improve its financial performance soon.
<h2>Entry Into the Stock Seems Risky</h2>
While some investors may be tempted to buy at these low levels, the company&#39;s current operational struggles, coupled with analysts&#39; downward revisions for 2024 earnings estimates, signal uncertainty.
Given RIOT&#39;s steep decline year to date and its significant challenges following the Bitcoin halving, a &quot;Hold&quot; recommendation seems appropriate at this time. The post-halving environment has made mining more difficult, and RIOT&#39;s Bitcoin production dropped in August 2024, further reflecting operational inefficiencies. Additionally, with a sharp decrease in Bitcoin mined in the second quarter of 2024 and a notable rise in Bitcoin network difficulty, the company faces heightened financial risks.
Investors should adopt a wait-and-watch approach to assess whether Riot can overcome its post-halving challenges before making further investment decisions.
RIOT currently carries a Zacks Rank #3 (Hold).
<a href="https://www.zacks.com/stock/news/2340762/riot-platforms-stock-plummets-53-ytd-right-time-to-buy?cid=CS-BENZ-FT-analyst_blog|rank_focused-2340762">To read this article on Zacks.com click here.</a>

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Riot Platforms Stock Plummets 53% YTD: Right Time to Buy?

Several Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) mining stocks are in the spotlight Wednesday amid positive analyst coverage and an uptick across the <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41002643/bitcoin-etfs-see-4-5m-inflow-but-miners-could-actually-cause-the-next-big-move-up#">broader cryptocurrency market</a>.
What To Know: Cipher Mining Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CIFR#NASDAQ">CIFR</a>) shares are leading the way Wednesday, up approximately 12% at last check, per <a href="http://pro.benzinga.com">Benzinga Pro</a>. The stock closed Tuesday up 15.1% after the company announced the closing of a <a href="https://www.benzinga.com/pressreleases/24/09/g41003371/cipher-mining-announces-the-closing-of-its-acquisition-of-barber-lake-300-mw-data-center-site" target="_blank" rel="noreferrer noopener">300 MW data center site</a> in West Texas.
Including the Barber Lake site in West Texas and other recently announced purchases, Cipher said its portfolio is now expected to grow to more than 2.5 GW across 10 sites.
Macquarie analyst Paul Golding initiated coverage on Cipher late Tuesday with an Outperform rating and set a price target of&nbsp;$6. The positive analyst initiation appears to be driving some of the upward momentum in the name. Northland Capital Markets analyst Mike Grondahl also initiated coverage on Cipher with an Outperform rating Wednesday morning.
Check This Out: <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41022826/bill-maher-slams-bitcoin-mining-nonsense-of-finding-a-number-means-green-energy-progress-i">Bill Maher Slams Bitcoin Mining: &#8216;Nonsense Of Finding A Number&#8217; Means Green Energy Progress Is Being &#8216;Sucked Away By Crypto&#8217;</a>
Several other Bitcoin miners appear to have gotten a lift from positive analyst coverage on Wednesday. Multiple mining stocks jumped in early trading before paring gains. 
CleanSpark Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>) was reiterated Buy by HC Wainwright &amp; Co. analysts. The firm maintained a price target of $27 on CleanSpark shares. Macquarie also initiated coverage on CleanSpark Wednesday morning with an Outperform rating and price target of&nbsp;$20. 
Macquarie initiated coverage on Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and Riot Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) as well. The firm placed Outperform ratings on both of the Bitcoin mining stocks with price targets of $22 and $15, respectively. 
The broader crypto space is getting a boost on Wednesday, led by Bitcoin, which was up 1.22% over a 24-hour period at the time of writing, hovering around $63,825. Bitcoin spot ETFs saw <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41002643/bitcoin-etfs-see-4-5m-inflow-but-miners-could-actually-cause-the-next-big-move-up#">net inflows of $4.56 million</a>&nbsp;to start the week. 
As reported by Benzinga, crypto analyst Ilia Otychenko sees Bitcoin facing heavy resistance around current levels, but he believes a sustained break above the 200-day moving average could push prices up toward $67,000. Based on historical indicators, Otychenko recently suggested that &#8220;Bitcoin could be on track for a new all-time high in the coming months.&#8221;
$BTC Price Action: At the time of publication, Bitcoin was up about 1.2% over the past 24 hours, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41002643/bitcoin-etfs-see-4-5m-inflow-but-miners-could-actually-cause-the-next-big-move-up#">Bitcoin ETFs See $4.5M Inflow, But Miners Could Actually Cause The Next Big Move Up</a></li>
</ul>
Photo: Benjamin Nelan from Pixabay.

Cipher Mining Shares Continue To Climb: What's Going On With Bitcoin Mining Stocks Wednesday?

Macquarie analyst Paul Golding initiates coverage on MARA Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) with a Outperform rating and announces Price Target of $22.

Initiation

Macquarie Initiates Coverage On MARA Holdings with Outperform Rating, Announces Price Target of $22

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Press Releases

Marathon Digital Holdings, Inc. Announces Proposed Private Offering of $250 Million of Convertible Senior Notes

Marathon Digital Holdings, Inc. Announces Pricing of Oversubscribed Offering of Convertible Senior Notes

Marathon Digital Holdings, Inc. Completes $300 Million Offering of 2.125% Convertible Senior Notes Due 2031, Purchases $249 Million of Bitcoin

H.C. Wainwright Announces 26th Annual Global Investment Conference, September 9-11, 2024. Event Features Leading Industry Keynote Addresses by Vivek Ramaswamy, Michael Saylor; Bitcoin Panel Moderated by Anthony Scaramucci.

Bitmine Immersion Technologies (BMNR) Revolutionizing Bitcoin Mining With Immersion Technology

WiSA Technologies Executes $210 Million Definitive Agreement to Purchase Assets, Including High-Performance Computing (HPC) Software and Acoustic Technologies IP, from Data Vault Holdings Inc.

MARA Announces Bitcoin Production and Mining Operation Updates for August 2024

MARA Appoints Janet George and Barbara Humpton to Board of Directors and Names Doug Mellinger Lead Independent Director

Bitcoin Network Hits Record Power Usage

MARA Announces Bitcoin Production and Mining Operation Updates for September 2024

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