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A few more grim reaper days i reckon, will definitely add mara this week, I could do with an October BTC boost 7/9 last Octobers have averaged 20 % gains.

GLA

Another 15 million shares being issued for the bonuses that takes it to 220 million, I really do believe mara will issue at least another 100 million shares by peak bull and a lot more if they expand this 25 eh outside USA.

I think anything under 300 million as its share count by peak bull is a big Bobbys bonus with the way this year has gone.

Don't worry clskbull, im sure once mara get their hands on a s21 they'll show the mining world '15' underclocking overclocking masters, patent pending x;)

Do you know prices for these new miners? Going to be a mad scramble for XP's and low leccy rates, those s19 first versions could be obsolete this time next year.

Https://twitter.com/BraiinsMining/status/1705121910940631140

S21 has 200 TH/s hashrate with an efficiency of 17.5 J/T

S21 Hydro has 335 TH/s hashrate with an efficiency of 16 J/T

Thats s19 pros fooked then x;)

Found the FAQ's on its filing quite eye opening. Refinancing debt? could have been some very unhappy loan note holders?

Why does reducing leverage matter?

Reducing debt improves Marathon’s balance sheet. It makes the Company more resilient to market downturns, changes in Bitcoin’s price, and halving events. It also increases the Company’s financial optionality and improves Marathon’s position as a reliable and attractive partner. While Marathon maintains a positive outlook on the long-term performance of Bitcoin, the Company believes it is crucial to increase resilience and reduce its risk profile prior to the next Bitcoin halving event.

.......as a reliable and attractive partner, interesting.

Whatever way its cooked and how i feel about it, 417 million dollars of debt has been wiped for about 80% in the dollar and they used 31 million shares to do that and no other miner apart from riot has that access.

Mara is currently running at about 28.5 eh over the last 7 days.......Fred announced 5 eh purchase with a weird term 'in the normal course of business' or something and this implied hash of 28.5 plus imo cant be down to luck or curtailment coming to an end. So GC, Emirates or this 5 EH is online now but mara is mining big numbers whilst de-risking a huge amount of debt.

If btc goes on a long bearish streak then it was genius and if btc goes on one then it isnt. It's done now for better or worse, so lets see how the btc chips fall.

GLA

Yes all the miners have suffered and are all sitting on similar losses for the month. Nearly pressed the button on 899 for Mara but still think tomorrow or the next few trading sessions could take it lower.

Roll on October.

GLA

Looking like a bit of a pull back for now! October has typically been a very good month for btc in its history. I am confident this October will give us some much needed optimism.

GLA

So they all lie according to you clskbull but the higher standard is CLSK lol Im sure clsk said throughout 2022 they were going to 23 eh or was it 22. Id be careful of the righteous train youre trying to ride guys........ clsk will hit a snake just like mara have so be careful what you wish for.....clsk have installed 50% additional hash this year to still mine less than they did in January and the majority of other miners are down on production, apart from mara that has really shown some tremendous growth this year, funding that amount of btc will be an interest conundrum if clsk ever hit mara 19 eh levels.

All i really want ina bull run is the miner with the largest hodl and eh the rest will take care of itself and it has.

Lol you must have had a few whiskies, talking big and brave again and waffling on about nothing.. I think you need to talk to us when clsk have the 17 eh installed and then see how many share they have diluted before you start bragging and going on about nothing again.

Mara 25 eh is paid for and done.

The debt pay off may have some smart reasoning behind it, IR replied to essentially say watch this space announcements are coming. I am miffed but there must be some other agenda going on with the debt pay off.

Its horrid when they go down but they yo yo so many times that you just have to grin and buy the lows/snakes, YTD Mara still smashing most and not one miner has grown to the level mara has this year. So when this debt mayhem clears......... like always Mara will front run the rest harder and faster.

GLA

Yeh havent checked out global hash for a while and jesus its soaring 446 EH and hit a hash high record on the 15th September, makes Mara's recent mining numbers even more impressive.

You've been buying it all year CLSK bull, probably find out you've been buying before i did x;)

Still miffed with this debt pay off to be honest but they all hit snakes and ladders at some point in their journey. 23 EH if it ever goes fully live and on current global hash gives them about 63-72 btc a day, so they should be really smashing well over 1500 a month plus from October.

The growth has been phenomenal this year now its time to get the costs down and expand on that old mantra of 'smart growth' and please please please stop diluting me Fred x

32 Blocks mined since Friday, curtailment tailing off and now hopefully Mara can start ramping these numbers up.

Yeh will be a few sideways trading sessions for mara before normal biz resumes. BTC doing its thing has definitely propped Mara up. I thought 850 ish would be a certain buy.

Clskbull id say theres only 2 worth buying in North America Wulf and Clsk and don't trust either.

I hope Mara ignore USA and grow its Middle East eh. I agree with you, Mining in America comes with a lot more hassle and regulatory frameworks that could get far worse for the miners.

Theres multiple interviews with Fred stating that the raise to 500 million shares gives them options to expand and to 'bolster' its balance sheet. I just didnt believe at this point that 'bolstering' the balance sheet would mean eliminating 417 million dollars worth of cheap debt. A lot of people held that debt as a problem for mara, lots of new investors and paid rampers saying look 750 million worth of debt I cant touch that! I am annoyed theyve paid the debt early in this cycle as i strongly believe we will have far better prices than 15.9 USD in the future, but is it such a bad thing paying off debt? It could affect the short interest when we get out of this FUD cycle and i will be interested in what is announced in the future.

Fred did state that he wanted 50 % of its hash in the states and 50 % of its hash outside US so buying miners in North America doesnt align with what he has said, so lets see what contradicts..... but right now for the year growth and eh build out is far ahead of any other miner and like mentioned will be very interesting what they announce. Once the decks clear lots to look forward too!

Euro 2020 was delayed x;)

lol Herdie if you know you know x

Argo was great until Feb 16th 2021 the dross served up from that point was just terrible. They could have easily been at Mar's or Riots level with the right approach! anyway its gone!

Last 3 halving dates

November 28, 2012

July 9, 2016

May 11, 2020

Pretty mad news happened during these cycles too. What i found really interesting is that MERS virus outbreak was in 2012 Zika in 2016 and Covid 2020 x;) so whats coming 2024 with an election that needs stealing.....its all same same but different.

GLA

Its not a red flag until i know the full story. You keep harping on about this ppa deal with ERCOT that was a bare faced lie but before all that, they had the bs Texas land deal and he effectively killed growth at 250p when he sold his shares, PW had raging lies well before the 2 cents mayhem in Helios, they required close to a billion dollars to make helios viable and they never had it and never would. I truly believe PW was put in place to funnel money around on bs hence pluto rubbish and so much more.

Now its not a red flag with Fred because until we know the full story, paying off that debt maybe clearing the decks for an acquisition or a merger, I think Fred is far and ahead the best CEO for the miners and has a good understanding of capital markets and crypto, there must be a huge reason why this debts being paid off early and ill reserve judgement until then. I used to go hard on Argo going to zero because they were clowns and it felt like it was being done purposely and in the end it all looks obvious today doesnt it x if Mara go to zero it means the whole industry has imploded and all miners have failed! any bullish moves on btc and they will be the best performing miner.

My belief is that over the next 2 years btc will be trading a lot higher than this and mara will benefit the best, if btc doesnt follow history and performs poorly then we are all in a bad place here with whatever miner we own.

GLA

Haha i was expecting it to get hammered this morning but then again not much left to hammer.