RE: When does Marathon Re-rerate?14 Jun 2023 10:06
It’s just the natural step for all miners, I never criticised CLSK for this type of move and I won’t criticise marathon for it either. Used properly this ATM (or whatever you want to call it) will generate 330m shares extra over the next year or two at hopefully much higher prices than right now. I don’t expect immediate (significant) dilution. I’d expect to see 200m shares this year though, also 50eh plans announced. It should generate 10-20b in spending power I think; more than enough to secure the expansion plans.