Mara will prove to be the Gorilla of all miners
The crypto stock party may be over, but $Marathon Digital Holdings Inc(MARA)$
I have owned MARA and $Riot Blockchain, Inc.(RIOT)$ since early 2020 when they were around $2 and $3 a share. They were the only ones I had heard of back then. In the last few years new miners are everywhere.
To maintain market share MARA has huge costs involved. MARA and any other miners that want to remain relevant are spending lots of cash out of necessity. Analysts are reacting to the current earning report as if MARA is just another ordinary stock. I think the earnings report is not so bad for a company that is expecting and preparing for a massive increase in value in the next 2 or 3 quarters.
I am certainly not selling. I think this 18% drop is overblown.
Don't cate. Not selling. Can't get manipulated out of my shares. Mara will prove to be the Gorilla of all miners whilst devouring the others.
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