max pain is still $9! Imagine holding a huge short position on the worlds largest $BTC mining company that just turned a quarterly profit while bitcoin is surging to $37k and transaction fees per block reward are now over 8% in November? LOW IQ SHORTS HAVE TO COVER!!!
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I ran the numbers last night - What if bitcoin was at $36k in Q3? - $Marathon Digital Holdings Inc(MARA)$ would have been profitable if everything else stayed the same and you remove the one time benefit of the early debt extinguishment.
$125m in revenue and positive 0.045 EPS.
Shorts are not good!!
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