Marathon Digital Holdings Inc (MARA)

[tapioca]

Hit 52wk low at 4.35, this industry is really
taking a beating. Looks like a good deal
here, but I'm still waiting.

[slyguy8888]

They have a huge bank on this and coin

[Katloose]

Prob just kill myself soon

[slyguy8888]

40% short interest

[tapioca]

Dipping into 4's PM.

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital
new 52 week low

[snakess]

noted financial publication published since 1984- has reviewed the crypto field and only favors riot and mara

https://saadvisory.com/update/archive/Dec-09-2022.htm

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital
as the Bitcoin goes, so goes Marathon Digital

[easymoney]

5.2 held so far but death cross going to hit on the weekly in 2+- weeks so keep in mind.

[tapioca]

52 wk low is 5.20. Glad I got out in the
10’s, almost time to jump back in, but
Bitcoin still trending down..

[Monksdream]

News this morning from Business Insider about the company having to eat a deposit to a third party mining server

[TruckingAngler]

MARA looks like time to go all in... IMO ?
GLTA

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital

[Mother Lode]

"Straight, no chaser"

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital

[Ringrock]

35.5% short interest!! Could get a nice squeeze on Monday if the bitcoin cooperates over the weekend…!

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital

[FunkyT]

It’s got to bounce very soon

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital

[llcoolm11]

Bought a bunch today
Down 7 days in a row
Simply put, this is Oversold.
Bought today to cost average down

[Monksdream]

10-day hourly bar/volume chart for Marathon Digital
The 52-week low earlier this summer was $5.20

[crudeoil24]

May see $5.00 / share next week. Bitcoin dropping in AH.

[tw0122]

Bought in at 9.58. US government owns billions of confiscated Bitcoin. Back to $20,000 we go

[BottomBounce]

Gold price soars on short covering, bargain hunting, crypto rumors
https://twitter.com/SilverBars

[DavidPro__1]

Marathon Digital Holdings currently has a debt-to-equity ratio of 116%. Generally, the rule of thumb is debt shouldn’t exceed 40% of your equity, which in this case, the company has significantly overshot. Higher debt obligation increases the risk in investing in the loss-making company.

[Henry_Jones0789]

Marathon Digital Holdings Inc (MARA) Stock Getting a Bullish Rating

Marathon Digital Holdings Inc (MARA) stock has risen 26.74% over the past week and gets a Bullish rating. MARA stock is higher by 0.33% while the S&P 500 is down -0.28% on Thursday, Oct 27. MARA has risen $0.05 from the previous closing price of $13.79 on volume of 12,041,163 shares. Over the past year the S&P 500 is down -16.50% while MARA is down -73.82%. MARA lost -$1.98 per share in the over the last 12 months.

[TheKid5]

$15.50 and beyond

[Dharna]

29% Shorted?

[TheKid5]

$15 , maybe.....

[TheKid5]

Bye Bye 14.50 ^

[TheKid5]

That was quick ^^^

[TheKid5]

Here come $14

[TheKid5]

We gonna blow through $13^

[Henry_Jones0789]

MARA opened at $11.07 on Thursday. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 1.11. Marathon Digital has a 1-year low of $5.20 and a 1-year high of $83.45. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of -5.54 and a beta of 5.13. The stock has a fifty day simple moving average of $12.27 and a 200 day simple moving average of $12.33.

[erich2626]

This thing is a sleeping bull. Coiled up. Bitcoin price very attractive after 40 weeks of bear market

[erich2626]

This stock clearly has the juice but QQQ/BTC are just not cooperating. Load carefully, this one is headed to $20.00.

[tw0122]

Beautiful squeeze added in $10.40s yesterday morning

[crudeoil24]

Crypto CEOs are leaving their jobs. Here's why
4:05 pm ET September 29, 2022 (MarketWatch)
Print
By Frances Yue

Hello, welcome back to Distributed Ledger, our weekly crypto newsletter that reaches your inbox every Thursday. I'm Frances Yue, crypto reporter at MarketWatch. I'll walk you through the latest and greatest in the digital asset world this week.

During the past few weeks, chief executives at several major crypto companies left their positions. I caught up with R.A. Farrokhnia, professor at Columbia Business School to discuss reasons behind such moves.

Find me on Twitter at @FrancesYue_ to send feedback, or tell us what you think we should cover. You can also reach me through email to share your personal stories with crypto.

Crypto in a snap

Bitcoin went down about 5.6% over the past seven days, and was trading at around $19,159 on Thursday, according to CoinDesk data. Ether lost 18% over the seven-day stretch to around $1,306. Meme token Dogecoin tanked 2.8% while another dog-themed token, Shiba Inu , traded 8% lower from seven days ago.

Crypto Metrics

Biggest Gainers Price %7-day return
Quant $135.02 33.5%
Tokenize Xchange $7.64 29.5%
Maker $725.6 22.1%
XDC Network $0.03 19.6%
Uniswap $6.38 18.9%
Source: CoinGecko as of Sept. 29
Biggest Decliners Price %7-day return
Evmos $1.58 -33.5%
Lido DAO $1.59 -12.4%
DeFiChain $0.73 -8.7%
ApeCoin $5.40 -7.1%
Osmosis $1.10 -7.0%
Source: CoinGecko as of Sept. 29
Exodus of crypto CEOs

The crypto sector has seen an exodus of chief executives from major companies, as the slump in valuations this year hook the industry.

Early August, Michael Saylor dropped the CEO title at MicroStrategy and took on a new role as executive chairman. In the same month, Michael Moro left the chief executive position at crypto lender Genesis, after its parent company Digital Currency Group filed a $1.2 billion claim against bankrupt digital asset hedge fund Three Arrows. Meanwhile, Sam Trabucco quitted his role as the co-CEO at Alameda Research, crypto billionaire Sam Bankman-Fried's hedge fund.

Earlier this month, Jesse Powell, co-founder of crypto exchange Kraken, stepped down as the company's chief executive.

On Tuesday, Alex Mashinsky, chief executive at crypto lender Celsius, resigned from his post, amid the bankruptcy proceedings of the company. On the same day, Brett Harrison, president of FTX US, said he is leaving the role.

Reasons behind the moves may vary, with each company in a different position during the market downturn. Bankman-Fried's FTX and Alameda have been aggressively acquiring several distressed crypto companies and assets, while some others, such as Celsius, filed for bankruptcy.

Still, a shakeout of C-suites at such a scale reflected changes in the overall crypto industry.

First comes the market conditions. For C-suite members who took the reins one or two years ago, when digital assets were on a bull run, they now face different challenges, as bitcoin lost almost 60% of its value year-to-date.

"Obviously in the downturn things become a bit trickier. You need a different type of management mindset, to weather the storm and a variety of crypto companies are going through the experience in a massively different way," noted Farrokhnia.

Meanwhile, the crypto industry, born in 2009, has become more developed, with increasing institutional adoption and also regulatory attention. "That requires a different level of professionalism and maturity in senior leadership," noted Farrokhnia. Some early adopters of crypto, who hold strong, libertarian values, may have found their views clash with new comers.

Furthermore, complexity of the crypto space added to the difficulty of finding new leaders outside of the industry. It explained why, in most cases, successors are insiders of the companies, Farrokhnia said.

The Ethereum 'vanity address' hack

Roughly $950,000 in crypto was stolen on Sept. 25 in an attack using a vanity-address generator called Profanity, according to a blockchain security firm PeckShield.

A "vanity address" is a personalized cryptocurrency address created by the users. As such addresses are human-generated, instead of being a random string of letters and numbers created by a machine, they are more vulnerable to brute force attacks.

The hackers took a total of 732 ether on Sep. 25 before moving the funds to the U.S. government sanctioned crypto mixer Tornado Cash, according to a tweet from blockchain security company PeckShield.

The attack resembles a recent $160 million attack on Wintermute, a major crypto market maker.

MarketWatch's Anushree Dave wrote more about it here.

Crypto companies, funds

Shares of Coinbase Global Inc. (COIN) plunged 9% to $61.27 on Thursday, and were down 2.7% over the past five trading sessions. Michael Saylor's MicroStrategyInc.(MSTR) shares dropped 4.8% Thursday to $209.90, while they are up 9% over the past five days.

Mining company Riot Blockchain Inc. (RIOT) shares declined 4.3% to $7.03 Thursday, and they were up 10.8% over the past five days. Shares of Marathon Digital Holdings Inc.(MARA) dipped 2.5% to $10.68, while up 1.2% over the past five days. Another miner, Ebang International Holdings Inc. (EBON) saw shares up 0.8% to $0.40 on Thursday, while down 0.4% over the past five days.

Overstock.com Inc.(OSTK)'s shares slipped 2% to $24.54. The shares traded 2.9% higher over the five-session period.

Shares of Block Inc. (SQ), formerly known as Square, declined 5.5% to $55.85 and were down 0.2% for the week. Tesla Inc. (TSLA) shares decreased 6.7% to $268.59, down 6.9% over the past five days.

PayPal Holdings Inc.(PYPL) eased 2.8% to $88.55, with a 0.9% gain over the five-session stretch. Nvidia Corp.(NVDA) shares tumbled 4.5% to $121.65, looking at a 3.1% loss for the past week.

Advanced Micro Devices Inc.(AMD) shares tanked 6.5% to $63.77 on Thursday, down 8% from five trading days ago.

Among crypto funds, ProShares Bitcoin Strategy ETF(BITO) lost 0.5% to $11.99 Thursday, while its Short Bitcoin Strategy ETF(BITI) added 0.8% to $38.34. Valkyrie Bitcoin Strategy ETF(BTF) traded 1.1% lower to $7.44, while VanEck Bitcoin Strategy ETF(XBTF) cut 1.4% to $18.82.

Grayscale Bitcoin Trust(GBTC) retreated 2.3% to $11.42.

-Frances Yue

Must Reads


(END) Dow Jones Newswires

September 29, 2022 16:05 ET (20:05 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

[Expensivetaste281]

Pos stay away

[Expensivetaste281]

Let’s try this again $11+ or bust today

[Expensivetaste281]

Don’t jinx it lol

[basssque]

Long overdue short squeeze this morning!