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I calculate these remaining 22.2 EH of machines would be 16.6 to 17 J/T to achieve the average 21 J/T for the full 50 EH.
They'd also have an option to backfill some of their existing older machines with newer machines which might be a good option also. The 30 J/T machines need to go, unless they have exceptional power deals.
I think they may have timed this news release very well. Might move some shares around later on.
Great news.....it's that cream rising x;) Agree 404x sets the tone again. Let's see what kind of rise we get from the sp on this, looks nice pre market but hoping we get that CLSK love, maybe some shorters might let it go but not 100% sure on that!
Very pleased Fred announced this. They had 42 EH paid for a while back and was keeping that 50 EH target for end of 2025. The best part now is that forward guidance for 2025/26 should come shortly, that target could quite easily be 80 100 EH.
GLA
Great Mara news, held off selling the other day. Sometimes a bit of luck needed
That's excellent cheers đź‘Ť Looks like they've finally addressed the value destruction, sets a high bar for rivals now. Best part: "there is no need for us to raise additional capital to achieve our objective"
Marathon Digital Holdings Increases 2024 Hash Rate Target to 50 Exahash
Marathon began 2024 with approximately 24.7 EH/s energized and had been planning to grow its hash rate by approximately 46% to 35-37 EH/s by the end of the year. Based on current machine orders and available capacity following its recent acquisitions, Marathon now expects to grow its operations to approximately 50 EH/s by the end of 2024. The new target represents approximately 100% growth in hash rate during 2024 and is fully funded based on Marathon’s current liquidity position.
“Given the amount of capacity we have available following our recent acquisitions and the amount of hash rate we have access to through current machine orders and options, we now believe it is possible for us to double the scale of Marathon’s mining operations in 2024 and achieve 50 exahash by the end of the year,” said Fred Thiel, Marathon’s chairman and CEO. “With our current liquidity position, this growth target is also fully funded and there is no need for us to raise additional capital to achieve our objective. By deploying state of the art equipment and our own proprietary technology, we also believe that we can improve our fleet efficiency and approach 21 joules per terahash as we grow to 50 exahash.”
Good work Kpa1, you're within a stone's throw now!
From my four miners you could tell from early on today that, despite them all taking a hit, one of them was falling the least.
So I am now all in on Mara.
GLA
I dodged a bullet on jet2 today big drop luckily I sold yesterday and bought mara ...got my average down to 22 now ...fingers crossed it keeps rallying
Credit where it's due real blockbuster day for Riot. Only last week it looked a bit hopeless and was hitting a 52 week low, so guess it had more ground to make up, but shows how quickly fortunes can change in this game.
Shorters testing the patients of Mara investors. At some point they will have to buy back their shares and go long resulting in the share price uplift. In the words of Yoda “ patience you need “
An hour since you posted Chaebol and Mara looking less of a black hole! Exciting times.
GLA
An old foe now friend was telling me over the weekend about Riot investment....... Corsicana 200 mw has been energised. All in their execution now for a sustained run. The costs on the hosting needs fixing too but yeah a great day !
Typical Mara lagging today ! one of these days it wont be ! least Migi flying $4 and i might get tempted to shift that in to the blackhole of my mara investment x;)
GLA
Riot on a charge the last 2 days making some big gains - soon to be overtaking mara. History repeating...
Poor investor , being shorted to death
Why the flipping hell is Mara dropping?
You would of thought with their hodl and hash rate they should be firing. I just don’t understand! Wtf!
I’ve done good with migi though! Every cloud has a silver lining lol. :-)
Don't know sorry Mooh.
Anyone know argos wallet? and how they're fairing?
If it opens sub 17 yeah
5 Blocks that shows in Mara wallet. These blocks were mined bt Foundry and ViaBTC pool but show up on the mara wallet like this
840131 2024-04-21 01:24:52 +0.00000888 BTC (0.58 USD)
840129 2024-04-21 01:08:23 +0.00000888 BTC (0.58 USD)
840124 2024-04-21 00:12:10 +0.00000888 BTC (0.58 USD)
840110 2024-04-20 22:27:26 +0.00000888 BTC (0.57 USD)
840105 2024-04-20 20:53:29 +0.00000888 BTC (0.58 USD)
Weird they show up on Mara pool wallet and not very nice they have no payment with them, im trying to work out what it could mean?
Mara wallet......
https://bitinfocharts.com/bitcoin/address/15MdAHnkxt9TMC2Rj595hsg8Hnv693pPBB
That assumes you'll be able to buy below $20 today Kpa1!
GLA
Tempted to double up Monday and drop my average to 20 bucks
Its true, the cream always rises to the top.
I look forward to the day im supping on my Mara cream x;)
Seen some very good YouTube buds on mara very detailed analysis etc ...I'm very confident of a good rise later this year