Marathon Digital Holdings Inc
Congrats to all who headed my calls on $MARA and banked off of that 🔥 fire 🔥 options chain. There were some bashers in my comments who showed their ignorance. My next play is 💥 PUTS on $EVTL 💥. This thing went up too far too fast and is gonna flop hard. The golden ratio 1.618 is around 3.50.
$MARA is my play for today. This thing looks ready to breath fire 🔥 and the options chain is 🚨 insane 🚨 looking for a fake dip at the bell to back up the truck on some weekly leaps. Breaking out of a huge descending wedge. Already a stacked order book.
I don’t want to hear about price targets for NILE. Look up MARA and RIOT. Both were selling under $1 pre pandemic. NILE doesn’t mine as much Bitcoin yet, but they do own an EV charging company. I’m holding for my FREE TurnOnGreen shares. Fuck price targets. NILE ON!
BTC up over 5%, just broke $47K. LFG $NILE !!! Holding just under 75K tendies let’s get rich- buy, hold, buy more…and then get free shares of TurnOnGreen IPO in the process. Why is $MARA $28/share when they’re cash flow negative vs. Bitnile printing money while holding 10% of $MULN and diversified?!
I’m banking on it, but I’m not adding I’m set. I’m holding 13k rights. That’s 1300 shares upon instantaneous conversion on ticker change. They just keep adding to the trust. No fear. If you check out Bitdeer twitter they are kinda wholesome. Almost cute. I love the math problem solving giveaways. Shrugs shoulders. Looking at even the bottom of MARA or RIOT, no way I could hold 1300 shares for $117. You can bank on that. Insanely good risk and upside.
Because you can't expect a squeeze just like that even if everyone stuck to one ticker. Its best to spread your eggs into more tham one basket. Most of these tickers that have been hyped ip recently are crap companies that are just being pumped. These tickers have fallen so low that shortd can take their time to cover their postions. Real squeeze plays are for companies that are doing well but shorted. Companies like OPFI, MARA, RIOT, etc
If it wasn't 12/9 I'd say COST ATM put. Only a matter of time before institutions dump their iron grasp on the float. ​ For 12/9, I'd say MARA if there is a spike in their stock any day between now and 12/2. ​ By 12/9 they will have reported their November mining score and should give an update on their unencumbered positions. If they were responsible for selling shares (open shelf) to pay off their RLOC and short-term debt that killed their stock from the $10s to the $6s, as well as raising cash, you can expect the premium they've been treated to in the mining world to be reduced to 0. ​ The investors that stuck with them because they never mass diluted, will look for better companies. The 40% drop they've taken in the last couple of weeks could become 60% in a heartbeat. ​ They are $750M in long-term debt. They needed to raise cash to get away from their collateral calls on their RLOC and short-term debt recently (which is why I think their stock sunk)). Their lender is Silvergate which is having issues due to the FTX contagion. ​ Their access to credit is in question and so their ongoing operations are in question because they, like the corn central exchanges, are leveraged to the hilt.
Based on puts on COIN, MARA, RIOT, MSTR, etc., the market expects a _bloodbath_ for crypto and any firm with significant crypto exposure. I think the market is right...possibly even underestimating how dramatic the hit will be. Imagine if the second largest bank in the world (JP Morgan Chase, I think?) went bankrupt and the founders ran off (probably) with customer funds. That's what just happened to crypto. The crypto world is highly incestuous, as well, which may mean it's even more dramatic than the bank example. Banks hold a lot of real capital. Crypto firms mostly just hold a bunch of debts to each other, backed by nothing but wishful thinking. At some point, it collapses. This is as good a time as any.
Everyone is talking about shorting $COIN, but why not look at the corn miners too? $RIOT and $MARA are still trading at a combined valuation of plus 1.5 billion, and both firms claim massive corn reserves on their balance sheets as assets. These companies borrow a lot of money, if corn collapses, they can’t pay their creditors and will go bankrupt
>It is no surprise that Jason Marathon Digital (MARA) 9.9.00 00650 is up today given the strong performance of the overall market. However, it is important to remember that past performance does not guarantee future results, and investors should always do their own research before making any investment decisions.
I have a feeling MARA is going to tank post-earnings. ​ No new shares to raise cash, so they can't raise another $161M in share sales during Q4. They only had $120M in unrestricted cash (internet money + cash) available to run operations per their October mining report. They are burning more cash than they have on hand and are creating per month with mining. ​ If CPI comes in hotter than anticipated you get hit with a triple whammy this week: No avenue to raise additional liquidity + bad ER + crashing internet money.
$GREE an old squeeze play should primed for a major rediscovery by Meme hunters. Stock has 14.4 Million Outstanding Shares,& at last known capacity,a 2.4 EH Hash Rate (with a severely Undervalued Market Cap around just $11.8 Million Dollars),operating 24,500 ASIC MINING RIG machines...Compared to $HUT with a 3.0 EH Hashing Rate & a Market Cap value around $427.6 Million Dollars...or $RIOT with a $971 Million Dollar Market Cap,garnering a 6.9 EH Hash Rate...or $MARA with a $1.24 Million Dollar Market Cap,& at a 3.8 EH Hashing Rate as recently as October 31,2022. https://www.stocktitan.net/news/GREE/greenidge-generation-announces-leadership-transition-board-changes-jgqjs2tbrfua.html