$Marathon Digital Holdings Inc

$Marathon Digital Holdings Inc(MARA)$ MARA looks undervalued considering the growth outlook. For Q2 2024, the company reported stellar revenue growth of 78% on a year-on-year basis to $145.1 million. This growth was backed by aggressive capacity expansion by MARA.

As of Q2, Marathon reported energized hash rate of 31.5EH/s. On a year-on-year basis, hash rate increased by 78%. Further, Marathon expects to end the year with a capacity of 50EH/s. Therefore, there is visibility for sustained upside in revenue and cash flows.

To top it all off, Marathon reported a liquidity buffer of $1.4 billion as of Q2 2024. This provides flexibility for aggressive investments next year. Keeping bullish on this one.

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