$MARA VS $RIOT: An In-Depth Comparison

Mara and Riot Alternative Finance News

What’s a health crisis on top of a health crisis? We’ll soon find out as the wave of mental health problems stemming from this pandemic start to surface. You’re not the only one struggling to stay motivated during this crisis. One bright light that gives us hope for the future, though, is the current outlook on cryptocurrency mining operations. Have you considered investing? If so, then you’ll want to get the full scoop on some industry trends. Read on to compare and contrast MARA and RIOT.

Your Guide to Investing in $MARA

How would you like to get your hands on one of the first cryptocurrency mining companies to be officially listed on Nasdaq? Now, you can by investing in $MARA.

Marathon Patent Group is a leader in the digital assets technology industry. Its focus is on generating cryptocurrency through mining and supporting blockchain technology. Right now, they have one major mining facility in Quebec.

Here’s some good news, though. Marathon Patent Group has partnered with Beowulf Energy to create a new mining center. This mega-facility will have the lowest energy costs out of all U.S. Bitcoin mining operations.

Market Cap81.643M
P/E Ratio (ttm)N/A
Previous Close2.7400
Bid2.6200 x 1400
Ask2.5900 x 1300
Dividend & YieldN/A

What You Need to Know About $RIOT

Riot Blockchain is one of the biggest cryptocurrency mining operations in North America. Right now, their sole purpose is to mine Bitcoin while boosting and supporting the blockchain.

Their main facility is located in New York, and they’re well equipped to handle serious mining operations. Among their hardware is 6,040 Bitmain Antminers. Don’t think they have slowed down their growth, though. Next month, Riot will receive 1,000 more S19 Pros.

Market Cap188.353M
P/E Ratio (ttm)N/A
Previous Close3.9100
Bid3.8600 x 1800
Ask3.8200 x 1400
Dividend & YieldN/A

Comparing MARA and RIOT

Both $MARA and $RIOT have experienced significant gains over the past year. With growth rates of 128% and 97%, who wouldn’t want to invest right now?

On top of that, both companies have shown strong performance when it comes to daily volumes. Experts predict a strong bull cryptocurrency market in the coming years, so investing in a mining operation could be a great move this November.

The biggest difference between MARA and RIOT is the number of assets they produce on average. $RIOT already mines more than $MARA, and they plan to increase their output even further. $MARA, on the other hand, is focused on reducing their costs and improving upon their energy efficiency.

Bitcoin Mining Stocks: How to Get Started

Experts believe one reason why interest in Bitcoin mining operations is rising is because of the current pandemic. Many Americans are looking for alternative investments in the event a recession follows after Covid-19. Are you one of them?

If so, then you’re in luck! Investing in Bitcoin mining operations is easier than ever in 2020. Here’s what to do:

  • Find a broker
  • Research the broker’s fees and charges
  • Evaluate your options
  • Buy some stocks
  • Keep an eye on the market

Remember, investments are risky. Cryptocurrency markets are rather volatile, which could be seen as an advantage or disadvantage depending on your investment style and preferences.

Today, you have plenty of options when it comes to brokers. There are smartphone apps, like Acorns or Robinhood, for those who want to invest on the go.

MARA VS RIOT: Stocks to Keep an Eye On

Are you considering investing in $MARA or $RIOT this year? 2020 has thrown us all for a loop, so many of us are looking for ways to earn money from home. Investing in a solid cryptocurrency mining operation might be the best thing for your wallet right now.

Are you looking for more financial advice to help you weather this pandemic? We’ve got your back! Keep browsing through our blog to see more of our latest content.

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