Coinbase's public offering is probably good news for crypto investors in the long run, but the new stock also shook up the cryptocurrency market on its first day.
News & Analysis: Marathon Digital Holdings, Inc.
Bitcoin prices rose, and Marathon also introduced a mining pool that will comply with American regulations.
The company isn't generating any Bitcoin-mining revenue, but that's on purpose.
Investors like the idea of the company launching a mining pool in the U.S.
The quarter couldn't have gone much better for this company, and yet results didn't come close to reaching the elevated expectations implied by the company's high stock price.
Bitcoin prices rose 5%, so a bunch of Bitcoin mining stocks jumped 20% higher. Wait, what?
Bitcoin may be going down because regulatory and valuation concerns are rising.
There are more signs that Bitcoin is entering the fabled fourth phase of its adoption.
The company's new director is a bright spot even as bitcoin keeps falling.
When a stock is this heavily traded, it doesn't take much to send shares down.