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Made this my top 3 holdings now. Very confident this will be 20p+ before Xmas
Hawkish fed talk with a dovish action x;).
I think 1.6 trillion in debt added since September in the US...... capital outflows booming......... the dollar and America is burning......dove that J PO.
I really do think we are on the cusp of a btc breakout but whether that has an impact for the miners that mine btc is another matter! for now.
GLA
With even S&P touching on correction territory surely time for Powell's inner dove to come out now, especially when US inflation isn't even that high any more
Not many if any can say theyve doubled its btc production this year. I would have thought that kind of growth would have made MARA an outlier this year, but the market is yet to separate the miners they are all in 1 basket to a degree.
City boys need the xmas bonuses CLSKBull, I'm sure Powell will deliver just about the right notes. Knowing our luck! stocks will pump and the miners will still stand still x;)
Once clsk has the new site online (hopefully not too long after new year), they'll be outmining CORZ - with much better efficiency. Hopefully Powell decides to be nice to us today for a change....
The way things are going if btc reaches $100k Mara might even break the dizzy heights of... $10? Definitely believe in clsk too, well positioned and already consistently outmining Riot counts for a lot.
If bitcoin goes to 100k, Mara's revenue and earnings shoot up and make it look very impressive (less so after halving). As Riot is mining approx a third that Mara is, they are not comparable in that scenario. But at a low BTC price with Riot getting low input costs, I can see some logic to the similar valuations. Meanwhile clsk trades at book value while making all the right moves. I think valuations will sort themselves out when the sector comes into favour again.
It's true Mara gets a fair bit of negative attention. Consistent bearish case made (apart from debt which we can now dismiss) is related to costs. I don't see them as a big deal because they're largely fixed (expansion aside but that applies to them all).
If/when bitcoin goes on a real run those fixed costs will continue to reduce proportionately. Halving applies to them all equally. Even Bernstein has this $150k btc target at which point all things being equal Mara's costs would be neglibable.
Meanwhile so much credit is given to Riot for its leccy deal but it lags Mara for output to such an extent it's actually a bit laughable.
Clsk improved their operational hashrate to 10 and bought 4.4 eh of the latest most efficient miners at 17.5 JT, for around 20 per th, should be market moving news but no love from the markets for it. Market indifferent to miners just now.
Links here for the Q3 Earnings call 8th November 430pm US time.
https://ir.mara.com/news-events/press-releases/detail/1329/marathon-digital-holdings-schedules-conference-call-for
Seeing a lot of fud apportioned to MARA but the other miners not being held to the same high standards.
Whether good or bad (imo bad) Mara had the ability to pay back 400 odd million 2 years early. The recent ATM is in line with other miners and unless they've gone and issued them, ill reserve judgement on that.
Mara have 750 million usd that they can raise and over 500 million in btc and cash, they must have a gameplan for these funds being utilised, whether thats buying loads more eh or buying up other established miners we will see.
Market loves future eh just seems to be a problem when you actually install it and start hashing x;)
GLA
Some bullish miner coverage from a biggish name (Bernstein) for a change https://www.coindesk.com/markets/2023/10/31/quality-bitcoin-mining-stocks-offer-a-good-way-to-gain-exposure-to-the-next-bull-run-bernstein/
But again very conservative targets given and not rating Mara (booo), but liking Riot and Clsk.
Tellingly and mistakenly they highlight Mara debt as sub-par, wrong as we know since outstanding bond reduced by $420m. You'd think all that dilution would at least be offset by recognition the debt is lower than it's been for years. Makes me wonder that if even a established analysts have potentially missed this, no wonder wider market is so slow to wake up.
Not long until Q3s then no excuses for them not to notice the improved balance sheet - assuming no more banana skins thrown our way by those zany Mara execs which to be fair is certainly possible.
Yep. defo very bullish but anything can happen. we have all seen them flash crashes for example. however it is holding up so well that it seems itching to go up further.
BTC is still very bullish, more chance of it hitting 35k then hitting 33k, having said that, anything can happen with btc.
He will not have any workings. just being bearish because he wants in arb at say 6p for example. the sort of clown who would be bullish when you should be bearish and bearish when you should be bullish. so he will not have any workings. just hope. lol.
Retest of 30K? Please explain your workings lol
Hey folks. did you see yesterday the game being played yet again. take terawulf for example. up 11 percent and then break even at end of trading day. and what happened. bitcoin dropped slightly. some real tricks being played as the miners are going up when bitcoin rises but a slight drop of bitcoin and miners drop off a cliff end. and always to new lows of the day. they must be having a field day taking out stop losses. so hold tight. bitcoin looks great and we are in a real bull market.
If btc gets anywhere near 30k right now Mara will be $6 lol
BTC still looks really bullish imo. Been holding 34k really well. Lets hope it continues into November........btc goes to 38k and mara goes all the way to............ 980 ? x;)
Grin and bear it for the Adults snakes and ladders. Better times are coming....they have to !
GLA
"How things have changed here. Years ago it was 1 post every 30 seconds, I’m the first Today"
That's because it used to an exciting, dynamic, growing company with bags of potential but also plenty of risks - so lots to debate and it attracted extremes from both sides. Now it's a lame duck that needs a near miracle to survive another year let alone thrive. Just a trading share really until the money runs out, or it gets swallowed up, and I think there are much better (and 'safer') ways of getting exposure to BTC in the meantime if that's what you are looking for.
Retest of 30K? Please explain your workings lol
Major support forming around $34k by looks of it
SP poised in anticipation of the next parabolic btc rise.
Retest of $30k by looks of it
How things have changed here. Years ago it was 1 post every 30 seconds, I’m the first Today
Unbelievable- the ramping going on that board reminds me of how the Argo board was when it was full of idiot rampers not so long ago. Don’t hear from any of them on here anymore as they’re all now living on benefits in Jaywick….
No different to Mara and Riot, roughly?