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Btcmining

$MARA sub $10 incomingThese BTC miners all look horrible. I don't know how anyone is convinced we're going higher here. If we look at the chart on the 3D, you can see that we've formed a lower high and price is rejecting the cloud. Should price get under $20.19, it would be extremely bearish as there is very little support below that level. I think price likely falls from here down to the trend line, then we consolidate and break that trend line and fall into the grey box. I'll only be a buyer in the gray box or if price can break back above $30.
NASDAQ:MARAShort
by benjihyam
33
Marathon Digital Holdings Reports Q1 2024 Results Stock Down 6%Marathon Digital Holdings ( NASDAQ:MARA ), a global leader in leveraging digital asset compute to support energy transformation, reported its financial and operational results for the first quarter that ended March 31, 2024. The company saw an increase in energized hash rate by 142% to 27.8 EH/s in Q1 2024 from 11.5 EH/s in Q1 2023. The company produced 2,811 CRYPTOCAP:BTC during Q1 2024, a 28% increase from Q1 2023. Revenues increased 223% to $165.2 million in Q1 2024 from $51.1 million in Q1 2023. Net income increased 184% to $337.2 million, or $1.26 per diluted share, in Q1 2024 from $118.7 million, or $0.72 per diluted share, in Q1 2023. Adjusted EBITDA increased 266% to $528.8 million in Q1 2024 from $144.5 million in Q1 2023. The company introduced Anduro, a new multi-chain Bitcoin layer-two network aimed at accelerating Bitcoin development and adoption. It launched the Company's first products and services to support the Bitcoin ecosystem, including Slipstream, MARAFW, MARA UBC 2100, and MARA 2PIC700. The company closed multiple acquisitions of data centers, increasing its mining portfolio to more than 1.1 gigawatts of capacity, 54% of which resides on sites now directly owned and operated by the Company. Marathon ( NASDAQ:MARA ) also increased its 2024 hash rate target to 50 EH/s, representing approximately 100% growth in hash rate during 2024. The company doubled the size of its portfolio of digital asset compute, launched its first products and services to support the Bitcoin ecosystem, and battled against operational challenges to produce record financial results. Net income increased 184% to $337.2 million, or $1.26 per diluted share, during the three months ended March 31, 2024, from net income of $118.7 million, or $0.72 per diluted share, in the same period last year. The increase in net income was primarily driven by the favorable mark-to-market adjustment of digital assets from the newly adopted FASB fair value accounting rules, ASU No. 2023-08, Accounting for and Disclosure of Crypto Assets, which requires on-going measurement of crypto assets to fair value. Revenues increased 223% to $165.2 million in Q1 2024 from $51.1 million in Q1 2023. The increase in revenue was primarily driven by an $82.9 million increase in the average price of bitcoin mined, a $10.4 million increase in bitcoin production, and $20.8 million in revenues generated from providing hosting services as a result of the acquisition of GC Data Center Equity Holdings, LLC on January 12, 2024. The Company sold 26% of the bitcoin it produced during the quarter to fund operating costs. Gains on digital assets were $488.8 million during the first quarter of 2024, compared to $137.4 million during the same period last year. The $351.4 million, or approximately 256% increase, was primarily related to the price of bitcoin increasing to $71,289 as of March 31, 2024, compared to $28,474 for the prior year period ended March 31, 2023. Technical Outlook Despite the positive earnings beat, Marathon Digital Holdings ( NASDAQ:MARA ) stock is down 6.51% on Friday's Market open trading with a Relative Strength Index (RSI) of 49 and trading below the 100-day Moving Average (MA). The daily price chart depicts a bearish hammer head.
NASDAQ:MARAShort
by DEXWireNews
2
CLSK Rejection at $19.91CLSK had a rejection at $19.91. I would be concerned for a significant pullback to around $10. I would want to see more bullishness into the $19.91 resistance level before considering any longs. CLSK and other crypto-related stocks will be impacted by Bitcoin's price action. Bitcoin is showing some bearishness and concerns for a drop so I'm personally not interested at opening longs near previous all time highs unless I see a great setup. For now I think CLSK is at risk of a drop here with a target around $9-10.
NASDAQ:CLSKShort
by realchartchamp
2
HUT 8 - Time to Let it Reload HUT 8 - NASDAQ:HUT EARNINGS RELEASE: This Thursday 17th August 2023 👀 ⚠️The last 3 quarterly earning reports have had consistent 10% or more reduction to revenues . o Hut 8 is one of North America's largest innovation-focused digital asset mining pioneers and high performance computing infrastructure provider. o Hut 8 has one of the highest capacity rates for mining in the industry and one of the highest inventories of self-mined Bitcoin of any digital asset miner or publicly-traded company globally. o With 9,136 BTC, Hut 8 continues to have one of the largest self-mined Bitcoin reserves of any publicly traded company o On June 26, Hut 8 announced that it entered a US$50 million credit facility with Coinbase Credit, Inc. THE CHART The chart speaks for itself. My ideal entry would be off the POC or 200SMA with three confirmations: 1. MACD CROSS 2. OBV VOLUME BREAKOUT 3. RSI OVER SOLD Safe Trading folks PUKA
NASDAQ:HUT
by PukaCharts
Pigeon is long CleanSpark $CLSKCleanspark is on pace to reach 10eh/s in the next 30-40 days. That is late july early august. They have the miners on site and racking. They also have the miners already purchased and being delivered to reach or possibly exceed 16eh/s by the end of the year. This is a miner that has been lagging against all others. As book value goes they are severely undervalued and have positioned themselves to become a top 2-3 miner. Retail investors aren't liking the dilution but it looks like to me they won't need to use all of the ATM as the stock price has increased. Retail and even analysts have low price targets because there is uncertainty they can pull off the targets they've set out. They have diluted 57% over the last 2 quarter to get 2.5x in hashrate, from 6.6eh/s to 16eh/s. I am fine with this as as they are growing before the halving as miners need to be aggressive and also efficient as possible. Pigeon sees this as an opportunity to buy value and have a calculated asymmetrical bet on the books. There is no such thing as a 'quad top', this is making LH's into resistance. Expecting pace of move to be speed up as that resistance is snaped. Would like to see that zone labeled to hold tho. Pigeon is long sparky.
NASDAQ:CLSKLong
by Pigeon941
15
Bitcoin and Public Mining Company Stock Prediction 2023What will the dollar do? We cannot ignore global economic events' impact on the markets. One such event is the movement of the DXY stock index, also known as the US Dollar Index, which tracks the value of the US dollar against a basket of major currencies. The index is used as a benchmark for global currency markets and as an indicator of investor sentiment towards the US economy and monetary policy. Its movement can have a ripple effect on commodity markets, including energy and cryptocurrencies such as Bitcoin. Today, we look closer at how the movement of the DXY index can impact Bitcoin's price and what it means for the Bitcoin Mining sector. The red alert is created when the momentum signal is +/-80 Momentum indicators are technical analysis tools that help traders and investors identify the strength or weaknesses of a particular trend in the financial markets. These indicators measure the rate of change of an asset's price over a given period and provide signals about the potential continuation or reversal of a trend. Momentum indicators function by comparing the current price of an asset to its historical price levels. They use mathematical formulas to calculate changes in the price of an asset over time, such as the Relative Strength Index (RSI), Moving Average Convergence Divergence (MACD), and Stochastic Oscillator. These indicators provide traders with information about whether an asset is overbought or oversold and whether a trend is likely to continue or reverse. Will the U.S. Dollar bounce or crash as sell signals are being flashed on the daily momentum charts If the DXY breaks, the support at 100 public miners will increase in value rapidly as we approach the halving. The value of public companies will also rise. If the DXY bounces off the support at 100, then the opposite will be true, and we should expect lower miner prices till post halving. Watching this one closely.
TVC:DXYShort
by JPBaric
2
INTVI have a pretty ridiculous amount of INTV so my bias is bullish and can't be argued. This is about as far as I get until my brain starts hurting. The count looks bearish but the break out of the falling wedge and the sideways correction after ABC bearish correction all makes me think maybe my counts are wrong or maybe MMs have made it very impossible to forecast this chart ST. IDK but ISWH went from .65c to $3 plus in less than a month. Baby bro INTV can't be too far behind so just buy IMO and be patient.
OTC:INTVLong
by Big_Mike716