MARA - Marathon Digital: The All-Round Vertically Integrated Bitcoin Miner (Rating Upgrade)
2024-06-30 01:09:11 ET
Summary
- Marathon Digital stock peaked at $76 per share in November 2021, currently trading at around $19 with a 175% dilution in shares outstanding. The current price could be an attractive entry.
- Efficiency in Bitcoin mining operations is crucial post-halving, with Marathon Digital showing the least reduction in monthly BTC production among publicly traded miners, this adds to the stock's attractiveness.
- Marathon Digital introduces a two-phase immersion cooling system, potentially revolutionizing cooling solutions in data centers and Bitcoin mining operations.
Marathon Digital (MARA), the well-known Bitcoin ( BTC-USD ) miner, reached a peak price during the last Bitcoin bull market, at around $76 per share in November 2021. The stock currently trades at around $19. Shares outstanding at the November 2021 high were 102.63 million shares, while shares outstanding today are 282.79 million shares. There has been a 175% dilution since November 2021. Reaching the previous all-time price at the current number of shares would mean a market cap of around $21.5 billion. This is around the combined market cap of all U.S.-listed Bitcoin miners. This is worth noting before moving into the rest of this article....
Marathon Digital: The All-Round Vertically Integrated Bitcoin Miner (Rating Upgrade)