$Marathon Digital Holdings Inc

…MARA hit $31 on nothing but the hope that the Bitcoin ETFs would move Bitcoin pricing much higher. But that did not happen. Bitcoin keeps on giving up gains, now below $40k. Remember that MARA was hovering around $ 7-8 before Bitcoin ran higher. Now Bitcoin is going back to pre-ETF levels so why would MARA not go back to where their crazy run started?

I say that MARA will head back to the start of this run, right back to $7.00-$8.00. And the halving will double MARAs mining cost. No way to make up for that dramatic change in cost structure. How often do you hear a business thriving when their costs double overnight?. So unless Bitcoin goes dramatically higher, MARA has a long way to go…down

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