Marathon Patent Group

Marathon Digital announced the acquisition of Long Ridge Energy & Power, significantly expanding its power capacity and positioning the company more strongly in high-performance computing and AI infrastructure. The transaction follows a diversification strategy beyond pure Bitcoin mining and is intended to unlock controllable energy assets for crypto and AI applications. Positive sector momentum after strong quarterly results from CoreWeave and Marathon’s large Bitcoin holding of around 35,577 BTC pushed the stock sharply higher today, despite a weaker overall market. Analyst views remain mixed, and previously announced planned stock sales by the CEO and CFO had weighed on the shares earlier. » Plus sur de.investing.com

Marathon Digital reported a Q2 2026 loss of $1.60 per share on revenue of $174.9 million, well below analysts' expectations. The company posted a net loss of $611.3 million; main causes were a 28% lower average Bitcoin price and unrealized mark-to-market losses. Marathon simultaneously highlights strategic expansion into AI infrastructure, digital energy projects and the acquisition of Long Ridge, which is expected to significantly increase annualized EBITDA. For Q3 management expects EPS of $0.43, break-even in Q4, and projects revenue of about $810 million for 2026 and $946.5 million for 2027. » Plus sur de.investing.com

Marathon Digital has signed a definitive agreement to acquire a more than 1,200-acre site in Matagorda County, Texas, through its subsidiary Volt Texas. The site is expected to initially deliver up to 1 gigawatt of grid capacity by October 2027 and to be expanded to up to 2 gigawatts by April 2028, with phased construction beginning in 2026 subject to permits. The transaction includes milestone payments of up to $600 million and foresees a joint development with Starwood Digital Ventures, targeting HPC and Bitcoin-mining applications; full development would increase Marathon’s potential capacity to about 4.8 gigawatts. » Plus sur de.investing.com