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Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for April 2021

Marathon Digital Holdings Announces Bitcoin Production and Mining Operation Updates for April 2021
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New green cryptocurrency called Chia uses a less energy-intensive method of minting new coins

Why Bitcoin-Related Stocks Are Trading Higher Again Today

Marathon Digital Holdings, Inc. (NASDAQ:MARA), Riot Blockchain, Inc. (NASDAQ:RIOT) and Canaan Inc. (NASDAQ:CAN) are trading higher amid an increase in the price of Bitcoin. Bitcoin-related stocks have been extremely volatile recently as the stocks continue to move in sympathy with bitcoin. Marathon Digital Holdings focuses on mining digital assets and owns crypto-currency mining machines. The stock is trading approximately 8.5% higher at $31.19 at the time of publication. The stock has a 52-week high of $57.75 and a 52-week low of $0.41. Riot Blockchain operates in a single segment of cryptocurrency mining. The stock is trading approximately 4% higher at $41.98. The stock has a 52-week high of $79.50 and a 52-week low of $1.03.

Why Are Bitcoin-Related Stocks Trading Lower?

Marathon Digital Holdings, Inc. (NASDAQ:MARA), Riot Blockchain, Inc. (NASDAQ:RIOT) and MicroStrategy Incorporated (NASDAQ:MSTR) are trading lower amid a decrease in the price of Bitcoin. Marathon Digital Holdings focuses on mining digital assets and owns crypto-currency mining machines. The stock was trading approximately 9% lower at $34.35. The stock has a 52-week high of $57.75 and a 52-week low of $0.41. Riot Blockchain operates in a single segment of cryptocurrency mining. The stock was trading approximately 9% lower at $39.78 per share. The stock has a 52-week high of $79.50 and a 52-week low of $1.03. MicroStrategy Incorporated provides enterprise analytics software and services worldwide. The stock was trading approximately 5% lower at $642.59 per share. The stock has a 52-week high of $1,315 and a 52-week low of $109.64.

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