Bitcoin (BTC) miner MARA Holdings (MARA) will transfer 500 BTC to broker Two Prime in order to make a profit, the companies said on Thursday.
The deal will strengthen an existing partnership between the two cryptocurrency companies: SEC-registered entity Two Prime has provided MARA with bitcoin-backed loans.
MARA recently reported first-quarter results that missed Wall Street expectations. However, analysts praised the company’s focus on cutting costs.
Read more: Bitcoin miner MARA shares rise despite earnings miss as analysts applaud cost cuts
Source: cryptonews.net
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