MARA

Marathon Digital Holdings Inc

TMT, Finance/Real Estate


Presented:06/23/2022
Price:$7.05
Cap:$0.75B
Current Price:$16.92
Cap:$4.98B

Presented

Date06/23/2022
Price$7.05
Market Cap$0.75B
Ent Value$3.12B
P/E RatioN/A
Book Value$7.30
Div Yield0%
Shares O/S106.31M
Ave Daily Vol11,715,333
Short Int21.97%

Current

Price$16.92
Market Cap$4.98B
Marathon Digital Holdings, Inc. is a digital asset technology company, which engages in mining cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets. The company was founded on February 23, 2010 and is headquartered in Las Vegas, NV.

Publicly traded companies mentioned herein: Marathon Digital Holdings Inc (MARA)

Highlights

The presenter is short shares of Marathon Digital Holdings Inc (MARA), a BTC mining company that should experience secular pressure as mining becomes less profitable. The company is relatively liquid with a $1B EV, $700MM market cap, and ~$107MM in daily trade volume. MARA buys computers that it runs at reasonable efficiency to mine BTC, which it then sells to exchanges for a profit.

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Idea Discussion

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