Marathon Digital Holdings (MARA) - Digital Gold Miner

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Marathon Digital Holdings (MARA)

Marathon doesn’t have its own thread yet, so let’s open a discussion if this interests others.

Company Information

  1. Company Profile
    Marathon Digital Holdings (MARA) is a U.S.-based Bitcoin mining company known for its large and energy-efficient mining operations. The company strategically combines Bitcoin mining and purchasing. It currently holds approximately 40,000 Bitcoins. Its mining power is over 50 exahashes, which means about 1000 Bitcoins mined per month.

  2. Renewable Energy
    MARA is committed to sustainability. For example, its wind farm in Texas uses 100% renewable energy. This reduces mining costs and supports environmental goals.

  3. Goals
    The company’s strategy is to expand its operations cost-effectively and maintain its competitive advantage by mining Bitcoin at a lower cost than the market price.

  4. Financial Position
    MARA’s growth is supported by strategic financing, such as the recently completed $700 million convertible note offering. This financing is used for Bitcoin purchases and general corporate operations. MARA has previously sold some of its Bitcoins to finance its operations, but the company now states a HODL strategy. It has approximately $900 million in cash.

Conclusions

MARA is a leading player in the Bitcoin mining industry, with a market capitalization of approximately $7.3 billion. The company’s valuation may show a premium due to Bitcoin holdings, but mining operations are not valued as highly.

It would be interesting to hear other opinions. Is MARA a potential long-term investment, or is it better suited for trading and speculation? I personally own a small tracking position, but with Bitcoin at peak levels, I am considering adding more.

Sources

X-ticker: $MARA

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Additionally, to the opening post. The stock is heavily shorted, currently over 20%.
Michael Saylor talks a lot about X about Mara and speculates that MARA could be added to the Nasdaq 100 index. Looking at the long-term chart, the stock appears “cheap” compared to, for example, 2021 peaks, but the company has issued significantly more shares, so the stock has been diluted since then.

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The company significantly increased its revenue during the fiscal year and also made a remarkable improvement in its results.

Profitability improved significantly, Bitcoin holdings also grew strongly, and some of the assets generated additional income. The company strengthened its position as an integrated energy and digital infrastructure operator.

That’s it in short. :slight_smile:

https://x.com/EarningsHubHQ/status/1894865307992252617

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Kurssien ja niiden muutosten kyselyt, kauhistelut ja hehkuttelut (Osa 3)
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MARA Holdings reported a strong quarter, with revenue growing significantly and profit improving substantially compared to the previous year.

The company’s Bitcoin reserves grew considerably, which naturally strengthened its position in the industry.

https://x.com/CatCapital_Ltd/status/1950286884250206675
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Company’s Materials

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MARA’s quarter fell short of expectations, but revenue, profit, and Bitcoin reserves grew significantly.

https://x.com/earnings_guy/status/1985684795817329006

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Company’s own materials

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