Marathon Digital Holdings Inc (MARA)

[Lopezzz]

Well, would you look at that! Seems like good ol' $MARA still acts like it's chugging Red Bull when Bitcoin takes off, huh? It's like they're joined at the hip or something, and ain't nobody else got a beta as high as that when Bitcoin's on the move!

[DiscusDude]

Spot ETF won’t be approved until the final deadline in March.

[Hazel2323]

RSI is 25, completely oversold on the dilution news. A short squeeze will happen prior to spot ETF news on October 17. I think this is $10–12 by the 1st or 2nd week of October. $20+ after spot ETF approval.

[Lopezzz]

So, here's the deal, folks! A bunch of U.S. Representatives, including Mike Flood, Wiley Nickel, Tom Emmer, and Ritchie Torres, are calling out the SEC for playing favorites. They're basically saying, "Hey, SEC, you're being unfair to those spot bitcoin exchange-traded products!" They're pointing to how Grayscale Investments got the green light for their ETF after a legal tussle and are telling the SEC, "Come on, there's no good reason to keep saying no to spot crypto ETFs after that court decision."
These reps think having a regulated spot bitcoin ETP would be a win-win, making it safer and more transparent for investors. They're reminding Congress that it's their job to make sure the SEC approves investment stuff that meets the rules they laid down.
So, in a nutshell, they're telling the SEC to get on with it and approve those spot-bitcoin ETPs already!

[lakes]

Looks like they will sell/short it back down to $4.00. Thank you, Mr. Thiel. As long as he continues to dilute, this will continue.

[harry crumb]

We will put 100k into this at 6.50 area an lower again and, make a 10x it’lget down there again soon

[Jones077]

MARA's next reporting date is November 15, 2023, with an earnings per share forecast of $0.05. The company reported a $117.8 million annual revenue loss in 2021, with a net profit margin of -583.20%. Despite positive earnings growth, MARA faces challenges in profitability. Marathon Digital Holdings Inc's stock performance showed positive expectations, offering an interesting investment opportunity in the digital asset mining sector.

[StocksAndStuff44]

$MARA is in it for the long haul. Fred is saying that some other miners have figured out they can't keep up in the mining game, so they're switching to AI. But $MARA is different. They're not ditching mining; they're actually planning to use AI to make their Bitcoin mining even better. Only one exec sold some shares, and it wasn't a big deal. No one else on the inside has sold. In a recent interview, Fred talked about how during the halving, a lot of miners had to shut down. But $MARA is going strong and ready to crush the competition. They're not giving up for AI like the others; they're using AI to mine even more Bitcoin.

[Stockpile4u]

Hey there, get ready for some big news about $MARA's year-end performance. They've really knocked it out of the park:

First up, their mining results have shot up by over 100%, and it looks like they might even hit a mind-blowing 175-200% increase. That's some serious growth right there. And speaking of growth, their computing power has surged by more than 300%, which is pretty darn impressive in the world of cryptocurrency.
But wait, there's more good news! They've boosted their Bitcoin holdings by over 100%, which means they've got a lot more digital gold in their pockets. Plus, they've managed to trim down their debt by a whopping 56%, which is a major win for any company.
Sure, they've increased the number of outstanding shares by 42%, but when you weigh it against all those positive numbers and the fact that they've cut their debt by more than half, it's still looking like a pretty sweet deal. All in all, it seems like their financial math is adding up just fine, and that's something to feel good about.

[Lopezzz]

From what I gather, the $0.55 per share increase isn't factored in yet, but the share dilution is. So we might see an immediate boost of $0.55 or 5.9%, plus at least $2 or 21.5% due to a better balance sheet that folks haven't caught onto yet. So, tomorrow and Friday, we could potentially see a total rise of $2.55 or 27% to hit $11.81, and any good BTC news would be extra gravy. Those expiring at-the-money puts are done for.

[Th_EO]

Mara is good as long as it stays above the 200-day MA of $9.63. I think a breakout is coming. I wouldn't be surprised to see $13–14 till the end of this year.

[Stockpile4u]

Let me share a story about $MARA. I had a bad experience with a fintech company, UPST, where the stock dropped by 80%. Everyone thought it would crash further, but it surprised everyone by soaring from $5 to $70, even in a tough market. So, with Bitcoin's halving approaching and big players like Blackrock and Fidelity interested in ETFs, there's potential for $MARA to do well. People might not realize it yet, but we bullish investors see the potential that others might miss.

[Hazel2323]

I honestly hope it drops to $9 next week, just because the more it drops now, the more obvious the direction is going to be heading into October. The risk-reward setup to be more aggressive only gets more favourable.

[Stockpile4u]

$MARA has broken its own 24-hour mining record and continues to do well, with more mining hours left in the day. They've mined over 16 blocks and 109 coins. Here's hoping Bitcoin reaches $30,000 over the weekend and keeps performing strongly next week.

[Lopezzz]

First and foremost, as previously said, the debt swap is positive and is reducing the debt level to a reasonable level. Second, the reason we're falling is because the dilution, according to me, will be around 28-30 million. Lastly, according to me, the announcement will be announced shortly, along with some positive news concerning the full functioning 23 eh/s. The only thing we need is for bitcoin to start increasing in value. In the short run, Riot is leading in share price, but when bitcoin crosses $30K, it will be a different situation. On BTC good luck to all, $MARA is acting like a call option.

[IOUBLOKE1]

This is good. Mara... Mara Riot all good. All need be bit coin

[dale1953]

We have no idea of what’s going on behind the scenes. Either you have confidence in Fred or you don’t. Personally I do, and if he though the debt reduction was the right move, then I have no problems with this.

[StocksAndStuff44]

MARA Looking over the board here, it appears like Mara needs more debt in order to please everyone. Since the convertible debt was the best thing ever, what happens if the convert agreement is scrapped and we immediately return to rocket ships? The story that Mara has TOO much debt and that it's a bad thing because of all the danger was thus just pure FUD all along, right?
It's surprising to see how many people are criticizing the debt cancellation plan when that has been the main line of attack for Mara bears and shorts since early 2022. As an investor, I am in the camp that they should have waited, and I absolutely need more information on the timing before deciding on my final take on this.
In that case, what would be the most bullish course of action here if they raised $400 million in new debt at 1% interest with a 2028 or 2032 maturity date? Is it safe to assume that?

[Lopezzz]

So I've been thinking about the strategy for a few days now and am ready to provide a theory. MARA appears to be purchasing Wulf. There are many bread crumbs, but here are the ones that led me to this conclusion. Fred has stated that he is solely interested in new miners and low-cost ESG companies, referring to Wulf and their nuclear contracts and XPs. So here's the deal. It's likely a stock deal where Wulf shareholders can trade in their stock - 5 or 6 Wulf shares for 1 share of MARA - ends up being about 40m shares to buy Wulf out and then convert Wulf insider RSUs for Mara RSUs Mara absorbs the $135m in debt that Wulf has, still has $331m in long term debt, and about $466m in cash and bitcoin on the balance sheet. So that's a nice match there MARA instantly adds 5ish eh/s in XPs that Wulf has online to Marapool and uses their capacity to add another 5 eh/s of Xps that are already contracted MARA ends up with 35 eh/s, a hold that is nearing 14k BTC, and enough on the balance sheet to cover all debt.

[Stockpile4u]

MARA moves to riot or cleanspark when you are 10% down and they announce anything terrible, buy MARA back but now it's made the 10% back since its old news, you know how this works, we've all done it, quickest way to lose your money. Choose your Miners and stick with them. What is there to be gloomy about it is that they might dilute at 2% a week for 10 weeks to upgrade total of 20%, it's going to moon 1500% next year and ALL miners will have to dilute to upgrade at some point that's the business model.

[nowwhat2]

September 1st - It's a phony retreat !
hmmmm.......COULD BE but possibly not !
https://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=Stock&symb=mara&x=35&y=12&time=4&startdate=1%2F4%2F2022&enddate=9%2F29%2F2023&freq=1&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1&lf2=0&lf3=0&type=2&style=320&size=3&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=9

[Lopezzz]

Joint Venture- I've been thinking about it, and here are my notes:

The JV comprises of two buildings: one with a capacity of 200 MW in Masdar City and one with a capacity of 50 MW in Mina Zayed. They will create approximately 7EH, therefore utilizing proportions, Masdar City will be at 5.6EH and Mina Zayed at 1.4EH. According to Mara's most recent production report, they are now at 1.2EH (Mina Zayed is complete). This should bring Mara roughly 20 Bitcoins every month.

The main question is when Masdar City will be operational. While tracking the 175 Bitcoins that Mara sent a few days ago, which eventually ended up in what I presume is the JV construction wallet, I discovered that this new wallet currently holds 7,035 Bitcoins worth 183 Million.

I'll be keeping an eye on this wallet because I believe the revenues will be utilized to build Masdar City. If this is the case, the amount of Bitcoin in this wallet should decrease as building progresses. I believe that once this account reaches a value of less than $20 million, the Masdar City project will be completed and mining will begin. At that point, the entire 7EH will be running, and Mara's 20% share of Bitcoin earned should be around 110 Bitcoins each month (depending on the current global hash rate).

[Jones077]

Warning Bells for Riot, MARA, and Argo Blockchain Stocks as Bitcoin Nears 'Death Cross

Bitcoin mining stocks like Riot Platforms and Marathon Digital have been sliding recently due to cryptocurrency concerns. RIOT shares are down to $11.13, and MARA shares to $12.14, hitting their lowest this year. Things could get worse as Bitcoin is set to create a 'death cross' pattern, signalling more trouble. On the other hand, the US dollar might rise, which historically impacts Bitcoin negatively. Investors are also bracing for a stronger Federal Reserve due to better economic data. If Bitcoin drops, mining stocks like Riot Platforms, Marathon Digital, and Argo Blockchain are likely to keep falling.

[Stockpile4u]

Hii, just to reassure everyone, roughly 3 months ago on June 15th, when $BTC was $25,700, $MARA closed at $9.32. We are doing fine.

[joseytheoutlawwales]

They can be as long as the halving increases the BtC price accordingly.
Otherwise the revenue gets cut in half overnight.

[dale1953]

No

[Seekingthelight]

Hi. Guys. Does MARA paying dividends? Thanks

[Lopezzz]

$RIOT $MARA are two of the market's most positive stocks. The spot BTC ETF will put a trillion-dollar industry directly in our hands. I can only image where the ETF will go if it goes from under $1 to $80+ in 2020. $200? It appears to be a reach, but I would not be surprised if it did. I haven't been this enthused about a stock since the beginning of the GME AMC fiasco.

[Th_EO]

Just a gentle reminder, folks. If BTC price stays flat at 25k while EH goes to 23.3 EH implied hash, Mara's financials do actually improve due to throughput. So just by doing nothing and letting Mara go to 100% operating capacity, Mara will be fine as the operating profit and cash flow will improve, which will reflect in the share price.

[Lopezzz]

This September will be the best ever for MARA! Do you understand why? It's all about your attitude toward it. If it crashes as everyone predicts, you can be content to buy more stocks at whatever price they are and celebrate later. If it does not crash, you will be relieved that what you currently own is paying off. So it's a triumph if you see the glass as half full.
On a different note, the abysmal mining results of the preceding five months began to improve in September of last year. October set a new monthly record of 615 after September mined 359. The lowest mined in any one month of 2023 is 683, and in July and August, mined first back to back months of 1k+. MARA will accomplish 100% YOY mining results this month and has a chance to reach near 200% by the end of the year. The hold should be approximately 15k by then, which is quadruple what it was in 2022!

[Stockpile4u]

Trading psychology fascinates me. When this was approaching 20, several people bought out of fear of missing out. But now that it's plummeted so much, you don't want it. Why? This is exactly where you want it. I'll be damned if I don't buy the sh*t out of everything from here on out. To push prices down, there would have to be a fundamental change that would make it a bad idea. Aside from that, there is no better time to acquire nearly double what it cost me just a few weeks ago.

[Lopezzz]

It is not surprising that the SEC is taking the full 240 days to consider the applications. We all know these bitcoin spot ETFs are getting approved, therefore clever investors are stocking up at current low prices. I'm grateful for the bears' reasoning. BTC and MARA are good shorts because they'll be in hibernation by next week. MARA will be at $30 by mid-October, therefore I'm not concerned about this phony retreat.

[Lopezzz]

In recent interviews, CEO Fred Thiel has emphasized the possibility of generating energy to mine bitcoin from methane waste. Auradine just shared a post on X with this bitcoin magazine article about the possibility of mining BTC with methane waste. It looks that they are teasing the next phase, which appears to be deeper vertical integration by Mara to begin generating their own power and leveraging Auradine Teraflux Asics immersion systems alongside Marapool at likely close to zero power costs. Also, given the ESG impact indicated in the article, power prices may be below zero when you consider the large carbon credits that will be generated and sold.

[SmokyStock]

MARA has mined yet another block! In August, 1,041 BTC were mined! Mara will most certainly mine 400+ more bitcoin than the runner-up. In August, a Nasdaq-listed miner was listed. There are 26 hours left in the month to add to this figure, and Happy 125,000 watchers anniversary! By the next halving, it will be a triple digit! By 2023, it will be a quadruple digit!

[SmokyStock]

MARA has mined yet another block! In August, 1,041 BTC were mined! Mara will most certainly mine 400+ more bitcoin than the runner-up. In August, a Nasdaq-listed miner was listed. There are 26 hours left in the month to add to this figure, and Happy 125,000 watchers anniversary! By the next halving, it will be a triple digit! By 2023, it will be a quadruple digit!

[Th_EO]

The FCC will respond today by approving all the ETFs; institutional investment will move in; and Bitcoin demand will go through the roof. Today is nothing, and those who fail to invest in the very short term will regret it for years. It could happen in 2 days or 2 months.

[SmokyStock]

$MARA has mined yet another block! In August, 949 $BTC.X were mined (excluding production from the UAE). This month's look at everyday production from Mara, Corzq, CLSK, and Riot. From a technical standpoint, it appears that Marapool production has generally bounced off support at the 9 eh/s that CLSK has online, spending the majority of the month above the Corq production line.

[SmokyStock]

$MARA has mined yet another block! That's 6 blocks mined in the last 9 hours, which is noteworthy given that the most blocks mined in a 24-hour period is 15 blocks. Could this be another record-breaking day? PS: 916 $BTC were mined in August!

[Moonboy1]

I bailed this morning. Pure luck. I just was interested in a different stock so I took my 10% profit from yesterday. Have to say I've never seen this go up 10% and then down 10% the next day.

[Th_EO]

"Mara sale of 175 bitcoins in the aftermarket (almost 4.6 million worth)

These went into a new wallet that was just opened up two weeks ago and then immediately transferred out to a permanent wallet (which looks like the Joint Venture wallet) right away. This new wallet is not holding any bitcoins now.

All prior sales went into the Coinbase wallet for cashing out.

It seems to me that Mara funded part of the remaining 19 million that was owed on the Abu Dhabi Joint Venture."

[Th_EO]

It is very likely that Binance will go under this year. They have been continuously liquidating BTC.X in the last 48 hours to keep their BNB.X over 200. CZ and Binance face an uphill battle with their governance tokens. If this continues, all bitcoin-based stocks are going to get royally trampled to death. I think there is a good chance to grab RIOT and MARA below 3 bucks this year.

[Stockpile4u]

MARA has mined yet another block! With 10.5 days left in the month, that's 734 BTC mined in August. In August, no other publicly traded miner will mine 700 or more tons.

[SmokyStock]

MARA minted 687 coins in January, a monthly record at the time. Imagine doing the same thing 18 days into the month. This month is on track to break last month's block record of 179 blocks. MARA will have mined more than 8,288 coins by the end of September, representing 100% YOY mining results. They are meeting hash targets and the growth strategy is succeeding. Is your miner well positioned for halving? It's better to know now because global hash is expected to fall by 20-30%.

[Th_EO]

What happens if BTC doesn't pump at the next halving and MARA still has a huge 700 million debt without anything to back it up—no facilities, no buildings, nothing, only some overpaid crappy machines that will be obsolete in 2023?

[SmokyStock]

MARA has mined yet another block! In August, 648 BTC were mined. Bitcoin is unavoidable, and I just bought additional shares after hours.

[easymoney]

MARA I'll be happy with $7-$8

[Stockpile4u]

MARA one year ago, bitcoin was just under 25k, MARA was 18ish. MARA was hardly mining currency a year ago. So now we have mining records, and Bitcoin is up by $4,000. Yes, I believe $13 is a good deal. And I'll wait even if it drops farther. This is the epitome of illogical price activity.

[perry3412]

Tomorrow is going to be a bloodbath for $MARA and $RIOT. However, this may be the end of it. The dollar is hitting overhead resistance. I expected it would at least get to this point. But I also expect it to turn. After all, there's no justification for the dollar to be strengthening given that rate hikes are almost at an end. I expect the downward trajectory will resume. If it does move beyond this level, I don't expect it to be by much. Still long-term bullish.

[SmokyStock]

Let that sink in: MARA has mined more block in the last three days than at least six other publicly traded miners will mine all month. And, only halfway through the month, MARA has produced more coin than all miners will mine in total this month, except corzq. Except for Corzq, 15 days of operations outperform everyone. And who is cultivating hogs like MARA? There is no other investable miner unless your miners have a sound growth strategy.

[perry3412]

I think it will rise from its current level to a new level