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Marathon Digital Holdings (MARA) AnalysisCompany Overview: Marathon Digital Holdings NASDAQ:MARA is a key player in the cryptocurrency mining sector, particularly focused on Bitcoin production. The company has shown resilience and operational strength in its mining activities, making it well-positioned for future growth. Key Developments: Positive Analyst Ratings: Analysts from Macquarie and Cantor Fitzgerald have set price targets above $20, indicating strong growth potential for Marathon Digital. This reflects growing confidence in the company's operational and market strategies. Increased Bitcoin Production: In September 2024, Marathon reported a 5% increase in Bitcoin production, reinforcing its operational strength. Additionally, the company achieved a 28% increase in Q1 2024 production, yielding 2,811 BTC compared to the same quarter in 2023. This efficiency in production underlines Marathon’s capacity to scale effectively in a competitive market. Favorable Cryptocurrency Market: With Bitcoin recently surpassing $67,000, the broader cryptocurrency market is showing favorable conditions. This surge allows MARA to capitalize on increased investor interest in crypto stocks, positioning the company for substantial market gains. Investment Outlook: Bullish Outlook: We are bullish on MARA above the $16.00-$17.00 range, driven by the company’s production efficiency and favorable market conditions. Upside Potential: Our target for Marathon Digital is set at $32.00-$33.00, supported by positive analyst sentiment and operational achievements. 🚀 MARA—Mining for Tomorrow's Success! #Cryptocurrency #BitcoinMining #GrowthPotential
NASDAQ:MARALong
by Richtv_official
Anticipating the Upswing: $MARA at Macro SupportNo trend is active on NASDAQ:MARA yet, but I’m anticipating that in the next two weeks. There’s no need to overcomplicate things. I like the chart sitting at a macro support level. It took out the previous lows and is currently retesting the wick on the monthly timeframe. This could have enough momentum to push higher if November shows a monthly confirmation, but I’d be happy with just a weekly confirmation for October.
NASDAQ:MARALong
by ZelfTrade
$MARA - New Swing Long Trade Opportunity!NASDAQ:MARA - Hello everyone! I'm excited to share this with you! Over the past year, whenever the RSI has touched 30 or very close to it on the daily chart (marked with white vertical lines), it has always rallied by 100% or even more. There was only one instance where it failed to reach 100% and instead rallied by 41%, which is still a decent performance. This is absolutely incredible! So, should we be worried and sell, or is it time to buy more? The choice is yours!
NASDAQ:MARALong
by cumacevik
$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
23
Marathon Digital: Strong!We expect the MARA price to continue to rally during the blue wave (x). Only when the high is placed a little closer to the resistance at $31.30 should there be a sell-off into our magenta Target Zone (between $16.35 and $9.86), which completes the same-colored wave (ii) correction. Within this range, investors can open long positions, whereby stops could be placed around 1% below the lower edge. Once the low is set, the price should rise above the resistance at $31.30. Only our 33% probable alternative scenario calls for a more bearish development: it still places the stock in the green wave alt. (2)
NASDAQ:MARA
by MarketIntel
3
Marathon (MARA) - Breakout and Upward MomentumMarathon Digital Holdings has been trading sideways for an extended period after our last analysis. The stock formed an equal high, dipped again, but consistently held around the High Volume Node Edge Point at approximately $20. Following the latest retest of the $20 level, MARA has broken out upwards, leaving a breakout gap behind. Today's 19% increase indicates strong upward momentum. Key observations include the breakout gap, which may be retested. This retest could provide a good entry point if the price holds above the gap. The $20 level has proven to be a strong support area, consistently holding the price during the sideways movement. The recent strong movement and potential bottom formation at $14.23 indicate a possible end to the downward trend. A push above the $25 level would provide stronger confirmation of the bullish trend and indicate a clear breakout from the previous range.
NASDAQ:MARALong
by freeguy_by_wmc
MARA . TA w/ Linear Regression + RSI, Supp and ResThe Light pink lines drawn are considered Linear regression lines. I hand draw them with the first line originating from the weekly chart as a trend line that intersects with the most points possible. I then Find the upper and lower parts of that channel and extend those line forward and back in time over the chart maintaining consistent distance over time between lines. I then chart price points that have had many points of support or resistance. This does look messy. and the Linear regression lines are for planning and usually turned off. The Linear Regression line + RSI indicator has helped clear up my chart and give me more quantitative indications to what I was manually drawing on the chart. The last indicator essentially creates a Vix for an individual stock and helps with top and bottom confirmations within the timeframe viewed. Bottom signal on the Linear Regression + RSI is usually when all lin reg lines are below 50 and the RSI is below 30 w/ a change to the upside on the RSI. There is also a 2 or 3 touch bounce of the RSI back into the path of the Lin Reg lines. Confirmation can be seen in the Williams Vix printing green and at a decently high value compared to the average. Tops can be seen when the values print grey and very low value.
NASDAQ:MARALong
by AngryBuhda
3
Where bitcoin goes MARA follows - Current Macro developmentsHi guys! As usually i keep my eye open for macro changes or signals that may lead to major moves. Of which Marathon (MARA) has been on my radar. This analysis is done on the 1 week timeframe. We are currently attempting to get Above our Major level/ area around $18-20. This area also coincides with the 21 EMA. Which we are also ABOVE as we speak. However, remember it has not yet confirmed that we managed to get Support from 21 EMA. Also note that we recently tested Support on 50 SMA and have maintained it 6 weeks in a row. This fact makes me think, we will continue UP -> At the very least to the Upper range of the consolidation orange rectangle at $28.00 We have not yet printed a death cross which is a good sign indicating probabilities pointing towards continuation of Uptrend. Pay attention to next weeks candle close for more clues. Ive also highlighted our current price action to be part of a Consolidation range, from $15.00 to $28.00 I think it makes sense for us to be consolidating as we are making our way out of the bottom of the market for MARA. (around the 3.50 area) Since then we've already climbed roughly 1000% to our top around $34. 21 EMA and 50 SMA flattening out also supports the Consolidation occuring. Consolidation is basically when an asset tries to digest rallies, trying to catch its breath. And now we have to assess whether theres further momentum left to continue our Bull market or make our way back down. If Bull market continues, we can make our way back to this Major Resistance lvl labeled. We have touched this line 3 times in history previously and it marks Blow off tops of Bull markets for MARA. If we get rejected from this Major level, we can make our way back to the sloping Support trendline labeled below. So to find a sense of whether or not MARA will continue or come down to test the lows, we look to 2 indicators that i love using to assess "momentum". Notice the STOCH RSI. Everytime we come down to the 20 lvl, we stay Below for extended periods ranging from 57 days to as much as 126 days. When we cross Bullish and move UP Above 20 lvl, we tend to have Rallies UP. 1 pattern though, with STOCH is its relationship with Moving Averages 21 EMA and 50 SMA. When Purple (21 EMA) crosses Below Green (50 SMA) Moving Average and there is a STOCH Bull cross, sometimes it doesn't impact big rallies. BUT When Purple is on top of the Green Moving Average and STOCH crosses BUllish Above 20 lvl. This is a pattern seen in relation to big rallies UP So if we can get a STOCH Bullish CROSS Above 20 level, while our 21 EMA is Above our 50 SMA, we can expect to see a continuation rally. Watch also for a break Up and confirmation out of the consolidation zone. The MACD is currently ABOVE the 0 level, with waning or decreasing Bearish sentiment. This is seen from the print of the lighter red bar of the histogram. The Blue/Orange lines are also attempting to Curve Up and try to Cross Bullish. If we continue to print smaller lighter Red bars, and then see a Green bar print, it is likely momentum has turned Bullish. Bullish Crosses ABOVE 0 level, tend to rally Upwards. A MACD and STOCH CROSS together would be even better sign of uptrend to be PROBABLE. ANd if we Breakout of the consolidation rectangle we are currently in -> its likely we test "Major Resistance" at around $60. Keep observing and paying attention. __________________________________________________________________________________ Thank you for taking the time to read my analysis. Hope it helped keep you informed. Please do support my ideas by boosting, following me and commenting. Thanks again. Stay tuned for more updates on MARA in the near future. If you have any questions, do reach out. Thank you again. DISCLAIMER: This is not financial advice, i am not a financial advisor. The thoughts expressed in the posts are my opinion and for educational purposes. Do not use my ideas for the basis of your trading strategy, make sure to work out your own strategy and when trading always spend majority of your time on risk management strategy.
NASDAQ:MARALong
by SafofAllTrades
2
Marathon Digital Holdings (MARA): Bullish Divergence SignalsMarathon Digital Holdings is heavily influenced by developments in the cryptocurrency market. Despite this dependency, significant indicators on the RSI chart show repeated divergences. These divergences have previously resulted in substantial price movements and could potentially do so again. Currently, we have identified a bullish divergence on the daily chart, with the stock holding above the High-Volume-Node (HVN) Edge within a trend channel. These correlations suggest there could be enough momentum for the stock to retest the $34 level, which we consider a minimum target. Marathon's stock is known for its rapid movements, meaning it can quickly move up or down. Should the stock move upwards, it could swiftly surpass the $34 mark. However, we must also consider the presence of equal lows on the chart. These equal lows are often a point of concern as they indicate significant liquidity below them, which the market tends to target. Therefore, it is possible that we might see a dip to collect this liquidity in the coming days, weeks, or even months, potentially bringing the price back to the trendline. In the worst-case scenario, the stock might drop to the High-Volume-Node Point of Control at $9.67 before resuming its upward trajectory. Despite this risk, we believe that Marathon has substantial upside potential in the coming weeks. The confluence of bullish signals and strong support levels suggests that the stock could see significant gains if the bullish divergence plays out as expected.
NASDAQ:MARA
by freeguy_by_wmc
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
Marathon Digital stock Listed in S&P 600 IndexBitcoin mining company Marathon Digital ( NASDAQ:MARA ) has seen its stock value rise by 18% after being listed by S&P Global in its SmallCap 600 index. The company's market cap rose by about $800 million over the weekend, marking a significant achievement for the digital asset company. The SmallCap 600 index is an index of companies with a small market cap, selected based on their recent profitability and other features. The companies considered to be small-cap must have a market cap of $1 billion to $6.7 billion. Marathon Digital ( NASDAQ:MARA ) has filed an 8-K with the SEC for compensation of some of its highest executives, stating the company's commitment to providing long-term incentives to workers as part of its LTIP Awards. The incentive is being awarded to three of the company's executives, including CEO Fred Thiel, CFO Salman Khan, and General Counsel Zabi Nowaid. The move is expected to boost morale and align the executives' interests with those of the company's stockholders. Despite its inclusion in the S&P 600, Marathon Digital ( NASDAQ:MARA ) stock is down 2.25% with a Relative Strength Index (RSI) of 57 posing signs of a reversal trend in the near to long term. Marathon Digital ( NASDAQ:MARA ) stock is trading below the above the 200-day Moving Average (MA).
NASDAQ:MARA
by DEXWireNews
Marathon Digital Aims to Double Hash Rate Amid Bitcoin HalvingMarathon Digital ( NASDAQ:MARA ), a prominent Bitcoin miner, sets its sights on doubling its hash rate by the end of 2024, following the recent Bitcoin halving. Despite the halving's impact on block subsidy rewards, the company is optimistic about its growth trajectory, leveraging increased machine orders and capacity from recent acquisitions. This move underscores Marathon's commitment to expanding its mining operations and embracing newer, more efficient equipment to enhance fleet efficiency. Marathon Digital ( NASDAQ:MARA ), a key player in the Bitcoin mining sector, has announced ambitious plans to ramp up its hash rate, targeting a 100% growth by the close of 2024. This strategic decision comes in response to Bitcoin's recent halving event, which slashed miners' block subsidy rewards by half. Starting the year with a hash rate of approximately 24.7 exahash per second (EH/s), Marathon originally aimed for a modest 46% increase in hash rate, eyeing a range of 35-37 EH/s by year-end. However, fueled by a surge in machine orders and expanded capacity post-acquisitions, the company now anticipates reaching a fully funded hash rate of around 50 EH/s by the end of 2024. Marathon's Chairman and CEO, Fred Thiel, emphasized the company's robust growth strategy, stating that the increased capacity and hash rate target are fully funded, requiring no additional capital infusion. Thiel highlighted the deployment of state-of-the-art equipment and proprietary technology as key drivers for achieving greater efficiency, aiming for 21 joules per terahash as they scale to 50 exahash. Despite concerns surrounding the halving's impact on miners' revenue, Marathon remains upbeat about the industry's resilience. The company's Vice President of Corporate Communications, Charlie Schumacher, noted that the mining sector effectively weathered a "halving event" last year, with Bitcoin's difficulty rate doubling in 2023. Schumacher expressed confidence in the industry's ability to adapt, with major players like Marathon preparing for such challenges over the years. While some analysts have raised cautionary flags regarding the potential impact of the halving cycle on miner revenue, Marathon's performance post-halving has been promising. The company reported a 25% increase in its stock price in the days following the halving, signaling investor confidence in its growth prospects. Looking ahead, Marathon's bullish stance on hash rate expansion reflects broader trends in the Bitcoin mining landscape. Despite regulatory and market uncertainties, miners are doubling down on their infrastructure investments, betting on the long-term viability of Bitcoin mining. With Marathon leading the charge, the industry is poised for further innovation and consolidation, paving the way for sustainable growth in the digital asset ecosystem.
NASDAQ:MARALong
by DEXWireNews
Marathon Digital ($MARA) Spikes 5.53% Amidst Bitcoin Volatility Marathon Digital Holdings Inc. (NASDAQ: NASDAQ:MARA ) stands out as a key player in the Bitcoin mining sector. With recent developments in the company's expansion efforts and the volatile nature of the crypto market, investors are left wondering whether MARA stock is a lucrative opportunity or a risky bet. Expanding Bitcoin Mining Infrastructure: Marathon Digital's ( NASDAQ:MARA ) recent agreement to acquire a Texas-based Bitcoin mining data center for $87.3 million demonstrates the company's commitment to expanding its mining operations. This strategic move is aimed at bolstering Marathon Digital's mining capabilities and positioning it for potential growth as Bitcoin continues its ascent. Profitability Amidst Market Volatility: Despite the inherent volatility of the cryptocurrency market, Marathon Digital has proven its resilience by maintaining profitability even during challenging times. With earnings of 74 cents per share in the fourth quarter of 2023, significantly surpassing analysts' expectations, the company has shown its ability to navigate through crypto market fluctuations. Strong Financial Position: One factor that sets Marathon Digital ( NASDAQ:MARA ) apart is its robust financial position. With $357.3 million in unrestricted cash and cash equivalents as of the end of last year, along with substantial holdings of Bitcoin, the company is well-capitalized to support its expansion plans. This financial stability provides investors with confidence in Marathon Digital's ability to execute its growth strategy effectively. Riding the Bitcoin Wave: As Bitcoin's price continues to soar, Marathon Digital ( NASDAQ:MARA ) stands to benefit from the increased demand for Bitcoin mining services. Analysts have speculated that Bitcoin could reach $90,000, which could lead to a significant uptick in Marathon Digital's stock price. However, investors should be prepared for a roller-coaster ride, as the cryptocurrency market is known for its volatility. Considerations for Investors: Investing in Marathon Digital ( NASDAQ:MARA ) stock requires a bullish outlook on Bitcoin and a tolerance for risk. While the company's profitability and strong financial position provide a degree of stability, the inherent volatility of the crypto market means that share prices can fluctuate dramatically. Additionally, the acquisition of the Bitcoin mining data center adds another layer of risk, albeit with potential rewards. Technical Outlook Marathon Digital ( NASDAQ:MARA ) stock is trading above the 200, 100 & 50-day Moving Averages (MA) respectively with a Relative Strength Index (RSI) of 53 indicating a start of a bullish breakout. further ascertaining the Bullish trend is the Head and Shoulder pattern depicted on the chart.
NASDAQ:MARALong
by DEXWireNews
1
Bubble theory 🫧 BTC minersThere are two type of bubbles and they burst for different reasons? A bubble is when too many people hold something and what has driven prices up, now as a force works against them. There's a saying. Buy things when everyone is a skeptic. Sell when a taxi driver starts talking about investing. There are no more buyers left on top. First bubble is when volume dries up as the price hits extremes. Second is when peoples attitudes or sentiment, or opinions change to bearish. And that can happen over night, like a switch. It's interesting and finance is a social science. Some bubbles can burst due to external events, like start of wars or some financial crisis. There can be strong bull markets and most of times, these external events would just be noise? > Was btc miners in bubble? And what type of bubble? I think Yes and No? Whenever there's a risk free trade, supported by factors a bubble emerges? The price of Mara was rallying hard, trend was strong. You could argue people got over optimistic, knowing the ETF decision was a risk event. -> therefor (the burst) was sentiment driven. But also predictable? Bubble is when too many people hold asset and there re no buyers left. Similar how a taxi driver is hype about investing. Technical analysis gives you perspective and context. In 1st instance, impulse was too high and volume indicates crowding? It's tricky because it looks so bullish. In 2nd instance, impulse was too low. Price action looked bullish? bubbles happen when too many people hold the shares and expect them to rise. If 1st instance was sentiment switch driven, then 2nd time, the bubble must burst due to exhaustion (or no people left to buy... at these prices.. similar how taxi driver hops in the trade at the wrong time). Factors and thesis can be bullish - and bubble still bursts. Is NVDA and SMCI a bubble? I think there is difference between NVDA, SMCI investors and their time horizon? It could be. I think people believe their investment is supported by the tech drivers. Every dip should be bought out by smart investors and these are the best assets to own in next 5-10 years. It doesnt mean there cant be external events and risks. again- bubble is when too many people are in investment. So bubble can burst either by them changing their sentiment or beliefs (maybe fundamentals must change?). Or if price is just so ridiculously high or there is no money left at sidelines, that trend can't be sustainable. When markets rally - everyone only reads good news and ignores bad news. And vice versa. #HowardMarks #MarketCycle ---> The Risk-Reward buying at these tops just isn't great. That's why they burst. Accompanied by sentiment risks, that hide behind the hood.
NASDAQ:MARAEducation
by citsvar
2