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Marathondigital

Marathon's $178.6M Acquisition Supercharges Bitcoin Mining PowerMarathon Digital accelerates Bitcoin mining dominance with a $178.6M acquisition, doubling capacity, cutting costs by 30%, and preparing for 2024 halving. Marathon Digital Holdings has announced the acquisition of two Bitcoin mining sites for $178.6 million. This strategic purchase from Generate Capital is set to bolster Marathon’s mining capabilities considerably, especially in anticipation of the upcoming Bitcoin mining reward halving in 2024. Doubling Down on Capacity and Efficiency These newly acquired sites in Texas and Nebraska add a combined 390 megawatts to Marathon’s existing capacity. This expansion is not just about size; it’s also a leap towards greater operational control and efficiency. Previously, 97% of Marathon’s capacity came from third-party data centres. Post-acquisition, the company will own and operate 45% of its 910 megawatts, marking a significant shift towards greater autonomy. Cost-Effective Mining and Expansion Potential The deal is to reduce Marathon’s cost of mining a single Bitcoin by 30%, substantially improving profitability. The sites offer an immediate expansion potential with 82 megawatts of vacant capacity. Furthermore, as existing hosting clients vacate, Marathon plans to deploy additional equipment, aiming to double its operational hash rate to 50 exahashes in the next two years. Marathon Digital’s Prudence in Preparation for Halving Marathon’s approach to this expansion has been marked by financial prudence. The company’s Chief Financial Officer, Salman Khan, highlights the deliberate increase in cash and Bitcoin reserves while keeping debt low. This cautious fiscal strategy aligns with the company’s preparation for the Bitcoin mining reward halving event in 2024. Marathon’s strategic moves have been reflected in its financial performance. The company reported a 670% surge in year-on-year revenue for the third quarter of 2023. This growth translated into a substantial increase in Bitcoin production and a net income of $64.1 million for the quarter, as stated in their November 8 results filing.
NASDAQ:MARALong
by DEXWireNews
[Watch] MARA versus Bitcoin 5️⃣9️⃣| Year to date:455,31%What is going on Team NASDAQ:MARA Let's look at Hawkeye Traders turning green (monthly chart) for the first time since August 2020. I include in this video J.R.'s Roadmap in 2024. Simple to follow and yes, I am not using any stop loss, but you need to evaluate your risk and objectives. Keep your focus so you can make it happen. Breath and flush those negative emotions. Remember until my next video... Above All and All-in-All; God Bless America J.R. Jaén Risk Disclaimer: 1. Past Performance is not indicative of any future performance. 2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything. 3. I can and will have a position in MARA anytime because I like the stock and company. 4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. 5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
NASDAQ:MARALong
by josericaurte.jaen
2
[Watch] MARA versus Bitcoin 5️⃣8️⃣| Year to date:309,22%What is going on Team NASDAQ:MARA Let's think about cause and effect. Everyone is looking for Fibonacci Projections; I am not. I want to know how far the asset can run after the last three months of resting. Yes, in July, August, and October the asset recharged its battery and now it is ready to go. All you have to do is endure and withstand the aggressive pullbacks and keep your faith. How do you do that? You do that when you do not leverage your positions. You do that when you invest and trade with your spare cash. That's how you take heat and hate from everyone including your family and keep going until you achieve victory. Remember until my next video... Above All and All-in-All; God Bless America J.R. Jaén Risk Disclaimer: 1. Past Performance is not indicative of any future performance. 2. Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything. 3. I can and will have a position in MARA anytime because I like the stock and company. 4. Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. 5. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without buying BTC directly or investing 40,000 dollars immediately.
NASDAQ:MARALong
by josericaurte.jaen
6
[Watch] MARA versus Bitcoin 5️⃣7️⃣| Year to date:312,05%What's going on Team SKILLING:US100 : MARA Avoid margins, and do not ask for money to buy your shares. Let's all be better, get a 2nd job, and save money so you can invest in this opportunity. I know there are other mining companies in the US, but Marathon Digital Holdings is still my favorite because I think they are making the effort to cut their energy expenses, and that matters the most when it comes to mining BTCUSD Let's congratulate the new Pine Wizards Tradingview in 2023. They have many great tools to enhance your trading and maximize every opportunity. Let me share the link with you: www.tradingview.com Until my next video... Above All and All-in-All, God Bless America :) J.R. Jaén Risk Disclaimer: 1️⃣Past Performance is not indicative of any future performance. 2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything. 3️⃣I can and will have a position in MARA anytime because I like the stock and company. 4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to in NASDAQ:MARA o invest 20,000 dollars immediately.
NASDAQ:MARALong
by josericaurte.jaen
4
$MARA down again to $6-8 before up?Similar to my thoughts on NASDAQ:RIOT , I also think NASDAQ:MARA likely has another leg down before starting the uptrend higher. I think most likely scenario is price tests the $10.43 level once more, rejects, and falls to retest the lows. After retesting the lows in the gray box, then we start the real rally higher. If this idea does play out, my current thinking is that the rally higher would be quick in early December hitting between $16-20 as the final move higher. This idea lower would be invalidated on a move higher than that $11-12 region. Let's see what happens.
NASDAQ:MARA
by benjihyam
4
Crypto Gold Rush: Unveiling BlockQuarry's Explosive PotentialAlright, folks, we're diving into the BlockQuarry (BLQC) charts, and it's turning into quite the thriller. Picture this: every time our modified Golden Ratio indicator winked with a Golden Cross, it's been like setting off fireworks. First stop, December 2020 – a rocket launch. In 72 days, we witnessed a jaw-dropping 2329% gain. Then, cue July 2021, and déjà vu hit with a 779% gain in 77 days. Fast forward to January 2023, another Golden Cross, another quick 129% gain in just 21 days. Now, here we stand, on the brink of Golden Cross number four. But here's the kicker – every time this happened, we saw the price bust out from a bullish flag. It's like the market whispering, "Hold onto your hats, we're gearing up for something big." And here's the plot twist – zooming out, we've got this falling wedge pattern. It's like a coiled spring ready to explode. The price is teasing us, right under the resistance from the upper line of the wedge, signaling a potential breakout any moment. Now, let's throw Bitcoin into the mix. The whole crypto scene is heating up, and these miners, like BlockQuarry, could be the wild cards in this high-stakes game. Bitcoin's rise could be the wind beneath their wings, turning this into a high-risk, high-reward play. And if that's not exciting enough, over the last two weeks, more folks are jumping in to buy, and there's a distinct lack of sellers. It's like the crowd is getting fired up, sensing the potential for big moves. But, and it's a big but, let's not forget this is high-risk territory. It's the kind of play where fortunes can be made or lost. Keeping a keen eye on volume, anticipating that breakout from the falling wedge, and staying tuned to any Bitcoin tremors or company updates is the name of the game. It's a bit like being in the front row of a rock concert, and BlockQuarry is the headliner. Fasten your seatbelts, because this could be one wild ride in the high-risk, high-reward world of crypto mining stocks. Happy trading, adrenaline junkies!
OTC:BLQCLong
by Sniper29x
2
MARA Marathon Digital Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of MARA Marathon Digital Holdings prior to the earnings report this week, I would consider purchasing the 8usd strike price in the money Calls with an expiration date of 2023-11-10, for a premium of approximately $1.50. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NASDAQ:MARALong
by TopgOptions
2
$MARA capitulation, then strong bounce to new yearly highs?I've been tracking the movement of NASDAQ:MARA very closely over the past few weeks as I think the setup will end up being one of the best possible trades over the next month or two. I originally turned bullish on it a bit too early last week, but the chart has become clearer over the past week or so as it hasn't been able to gain any strength. From here, I think we'll see a capitulation in price over the next week going into the lower support area (buy zone). From there, I think we'll see a very strong upside move in September that pushes price all the way up to the upper resistance (sell zone). If you're able to trade it perfectly, it would setup a potential return of somewhere between 2x-3x (hence why I think it's one of the best trades). Let's see if it plays out.
NASDAQ:MARALong
by benjihyam
22
What if to MARA Never Comes MARA - Marathon Digital Holdings We covered CIPHER (CIFR) Mining recently which is the 3rd largest public bitcoin mining company. MARA, which we are covering today is the is the 2nd largest public bitcoin mining company in the world. Soon I will cover RIOT which is the LARGEST. We save the best till last. THIS TRADE: 18:1 trade with 592% potential upside and only -32% downside (the stop could be lowered if you have a higher risk tolerance). Bullish Developments on the chart: - Price above the POC means strong underside support Point of Control (POC) is the price level at which the greatest number of contracts have been traded within a volume profile. - Above 200 day SMA means further strong underside support along side POC line. The 200 day SMA has not turned upwards yet and I would be much happier is this would materialize. - We are potentially breaking out of the parallel channel right now. We need confirmation of this. I would prefer the 200 SMA to turn up and for price to bounce off it at some point. This would provide additional comfort. FINALLY, I think this could be also fall into the long term trade category. The RR is exceptional. The stop can be tight or a little looser. For me, im playing the long term game with BTC and will be holding positions long term in Miners too. If the trade plays out ill be skimming the position for sure but ill be leaving positions run and will update as we follow. Play it safe guys. Positions that mean nothing to you. Remove and/or manage emotions with position size. Some Fundamentals to help MARA stick in the mind - 2nd largest public bitcoin miner - MARA have 105,200 mining rigs deployed (CIPHER by comparison have 70,000 rigs and RIOT have 84,000+. My understanding is RIOT have the newer 2,000 Antminer S19j Pro miners and 3,000 S19 Pro rigs which arguably perform better) Ill make a table of these differences at some point - Interestingly the market cap of MARA is $1.98bln just behind RIOT at $2.00bln. CIPR is $0.70bln - MARA mined 825 bitcoin in the month of March 2023 (Cipher by comparison mined 493 in May and RIOT mining an ATH of 740 BTC in Jan 2023). Again ill do a bit of digging here to see can we get updated figures. Thats all folks, stay posted for RIOT coming next and some comparison work on T--itter PUKA
NASDAQ:MARALong
by PukaCharts
Cipher BTC mining - Major upside potentialCIPHER MINING (CIFR) $CIPR - Inverse Head and Shoulders breakout & retest? - Above 200 day SMA with turn up - OBV increasing - On daily chart we are above the Point of Control which aligns which closely with purple horizontal - We could see a retest of this line so I would be DCA'ing from here in dribbles especially after a big move like this weeks 25% +, regardless I want exposure so ill dip my beak here. In terms of managing this trade the chart really shows you everything. This is a long term trade with a good risk return ratio. Align the trade with your own risk tolerance and remember to always be patient and keep an allocation aside in case of a lower price entry opportunity. Stop loss is outlined on the chart and should be honored. We can always re-enter the trade at a later date having reviewed the situation. Setting a stop under the 200 day SMA could be used as a trailing type of stop also. Fundamentals (for fun and stamping the stock into our mind): - CIPHER appears to be half the size of Marathon Digital Holdings (MARA) which is a well known industry large player - Cipher have 59,000 mining rigs deployed (MARA by comparison have 105,200 rigs) - Cipher mined 493 bitcoin in the month of May (MARA by comparison mined 825 in March 2023) - CIPHER announced record production during the month of May 2023. It appears things are just heating up. Fabulous Quote from the CEO from back in November 2022 which gives you an idea of the location and their unique offering “We are delighted to announce that our Odessa data center has begun bitcoin mining operations just 10 months after we broke ground at the site. The start of mining at Odessa represents a critical step in Cipher’s journey to become a market leader in the U.S. bitcoin mining industry. Since going public in 2021, we have built four data centers in Texas and are now one of the lowest cost producers of bitcoin,” said Tyler Page, CEO. “Because of our long-term, fixed price power contract at Odessa, we also have an advantage that few other bitcoin miners have -- the flexibility to mine bitcoin or resell our power to the market, which can help mitigate the effects of falling bitcoin prices.”
NASDAQ:CIFRLong
by PukaCharts
1
[Watch] MARA versus Bitcoin 5️⃣6️⃣| Year to date 137,43%Year to date ⤴️137,43% What's going on, Team NASDAQ:MARA I am back baby...! It seems everyone is giving up; why? This time our time horizon is 18 months, and I have 2 key profit-taking levels I want you to draw on your charts. Avoid margins, and do not ask for money to buy your shares. Let's all be better, get a 2nd job, and save money so you can invest in this opportunity. I know there are other mining companies in the US, still Marathon Digital Holdings is still my favorite because I think they are making the effort to cut their energy expenses, and that matters the most when it comes to mining BTCUSD Let's congratulate the new Pine Wizards Tradingview in 2023. They have many great tools to enhance your trading and maximize every opportunity. Let me share the link with you: www.tradingview.com Until my next video... Above All and All-in-All, God Bless America :) J.R. Jaén Risk Disclaimer: 1️⃣Past Performance is not indicative of any future performance. 2️⃣Trading and Investing are risky. Only trade and invest with resources and capital; you can afford to lose, and it will not change your lifestyle or family situation if you do not make the returns you wanted or if things go wrong and you lose everything. 3️⃣I can and will have a position in MARA anytime because I like the stock and company. 4️⃣Never go All-In. You do not have to buy with your rent money; you do not have to believe with all your savings because NO one is asking you to do so. This video is a video log, a journal, and a path to share with others how they can gain exposure to Bitcoin without the need to in NASDAQ:MARA o invest 20,000 dollars immediately.
NASDAQ:MARALong
by josericaurte.jaen
3
I Predict A RIOTRiot Platforms NASDAQ:RIOT - Above 200 day SMA & sloping upwards - Ascending parallel price channel . - Break of OBV resistance levels have been positive - We have just broken above the Feb 2021 OBV high New entries into this trade would be better waiting for a re-test of the bottom of the channel with a stop placed beneath it. As we are breaking out of the OBV high, you could enter a trade here but with a tight stop loss at $18.30. Probably not worth it IMO. Better to wait or look at the other smaller miners. I previously covered CIPHER Mining NASDAQ:CIFR and Marathon Digital Holdings NASDAQ:MARA both of which at similar junctures, however $CIPHER has had major developments of recent and could rise up to it next resistance at $9.60 fairly quickly over a few months (an 80% + move). You'll find these charts in my trading view link in my bio. I also cover some fundamentals on Trading view also. They are also in my feed hereunder. Play it safe PUKA
NASDAQ:RIOT
by PukaCharts
2
MARA will remain weak MARA will remain weak This figure shows the weekly candle chart of MarathonDigitalHolings' stocks in the past year. The graph overlays the recent bottom-up golden section. As shown in the figure, the recent high of MarathonDigitalHolings' stock is very close to the 2.618 position on the bottom of the graph, which is close to the golden section. Moreover, the second highest point two weeks ago happened to be the 2.382 position on the golden section in the graph! So, for a period of time to come, the stock probability of MarathonDigitalHolings will remain weak and accelerate its downward trend, with a probability of retreating to around 1.618 in the golden section of the chart!
NASDAQ:MARA
by Think_More
Deep comparison of Bitcoin Miners| Gold Miners - Astonishing Something that will go unexpected is the Bitcoin miners becoming the new "alt season" in this upcoming bull market, have tried to tell my circle yet they still allocate to alt coins. . waiting for the new NFT rush. These companies own the most bullish asset on the planet, these companies are being priced like Bitcoin is going to 10k what happens if it goes to 100k? let that sink in what the thousands of bitcoin will be worth on the companies balance sheet that will reflect the company / buyback shares to fund operations in a bull market and the next bear market. Marathon Digital Holdings (example) - 10,055 Bitcoin in holdings on balance sheet $239 million based on today's Bitcoin price. why are institutions buying MARA? why does MARA have an excess market cap of $760.64M? example Bitcoin reaches 100k = $1,005,500,000 example Bitcoin reaches 500k = $5,027,500,000 Marathon hit 10.4B in market cap operations when Bitcoin barely tapped $60,000 This is just one example I'm happy to provide a slide from my research i.ibb.co This is going to create an entire new digital commodity section on the SPX, mining companies and lightning network companies will be here too. can't wait to see the web3 experts explain to their clients how they missed this one while the big players are already buying up everything. i.ibb.co
INDEX:BTCUSDLong
by FederalXBT
3
Marathon Digital Symmetrical Breakout?Mara reached a new high and fell as expected. It started trading into a wide falling wedge out of a bullish uptrend. I would think other than Bullish if it was knifing down. Found consolidation level at 17-17.60 area after double bottom bounce at 16.50ish and looking for a possible break to the upside out of a bullish symmetrical triangle. With bit coin holding 30,000 level. We could see it retest and/or reclaim $20 soon. Trade Responsible, #TradeTheWave 🏄🏽‍♂️🌊
NASDAQ:MARALong
by FinesseTheWave