Marathon Digital Holdings Inc (MARA)

[Marasprint]

No news at all and from what the company says behind the scenes events (ex. Signal IP) have been actually favorable

I agree with everything Ed has posted today

I think fair value for the stock is in the $7's plus potential for runup into catalysts we have this year. If Acacia is the model and that trades historically at 5X sales at the very low end (its been anywhere between 5-9) then MARA as the unproven newcomer lets say we get a 3X multiple then we are right where we should (being very conservative) on trailing Sales at the current $80m Mkt cap
With a lot of upside if we hit that 50m in sales going forward as I'd think we should get multiple expansion too with another proven year (or any news that gets us closer to that number). I'd also argue that there should be a premium tacked on for this management and the Spangenberg backing/relationship.

All that said the chart is completely broken now, I'm less concerned with that in a stock like MARA with the low liquidity and choppy earnings (we see biotechs completely break down and then make new highs in the following months, it can happen) but there is no way to paint a good picture on what has happened here news or no news. I only hope that this is the beginning of a basing that will set us up for the rest of the year. How that goes will be determined by how much of the good forecast we are predicting is realized