ATLAS News · Crypto
Traders Union reports MARA approved a $500 million share buyback and sold Bitcoin assets, while Yahoo Finance covers analyst cuts to bitcoin miners.
Traders Union reports that Marathon Digital, trading as MARA, has approved a $500 million share buyback program and has sold Bitcoin assets. The outlet also links the news to a Long Ridge acquisition.
Yahoo Finance reports that analysts are lowering price targets and issuing downgrades on three bitcoin miners, including Riot Platforms. According to the outlet, Hut 8 and MARA shares drew buyers anyway.
Yahoo Finance frames the debate around the race to build AI data center capacity, asking what buyers see there that the more cautious analyst calls may be missing.
Bitcoin miners have increasingly looked at AI data center infrastructure as a way to diversify beyond mining, and share repurchases are a common way for companies to return capital to shareholders.
The buyback, the Bitcoin asset sales and the split between analysts and buyers show how investors are weighing the shift of miners toward AI infrastructure.
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
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