Marathon Digital Holdings Inc (MARA)

[yanquitrader]

Good find, Millionairio,

As for whether this is our future - I hope not. INVT dropped from $1.50/share to about $.62 after this announcement. I also don't fully understand the statement about sharing 70/30 after Fortress is paid $30 million? Do they get both - 100% of revenue until paid $30M?

70 percent of revenues is a hefty price to pay for financing. 50% going to GE, then 35% (70% of remaining 50%) to Fortress doesn't leave much for MARA earnings unless annual revenues are truly huge.

I'd rather float some shares to raise money than go this route, truth be told. Even 100% dilution is better than giving away so much annual revenue.

~ yanqui