To The Moon

$Marathon Digital Holdings Inc(MARA)$ is one of my favourite stocks to hold long term. It is always oversold when situations are unfavourable as the bears come out to play. However, I've been using these opportunities to load up more on MARA, even if it means increasing my average price.

MARA's most recent financial report is not too bad after all and will get way better going into the next quarter. That is why I'm loading up on more MARA for the long haul and next step in Bitcoin's run-up.

✅️ Having the largest market capitalisation of USD $5.77 billion, MARA is well positioned to acquire smaller miner companies when halving takes place. 

✅️ Marathon Digital revenue surges 452% in Q4, overal revenue surges in 2023 as it swung to a profit.

✅️ Marathon Digital made a record $387.5 million in revenue in 2023, increasing 229% from the previous year.

✅️ 2023 was a record-breaking year for Marathon, during which many primary objectives of energizing their fleet of previously purchased mining rigs and optimizing their performance were achieved.

✅️ Fourth-quarter revenue increased 452% to $156.8 million, beating analyst estimates and rising significantly from $28.4 million in Q4 2022. Analysts had estimated a quarterly revenue of $148.8 million. 

✅️ The increase in revenue was driven by a 172% increase in Bitcoin production year-over-year, coupled with around double the average BTC price during the period, it stated. The firm sold 56% of the Bitcoin it produced during the quarter to fund operating costs.

✅️ Adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) improved to $260 million in Q4, 2023, from a loss of $374 million in the fourth quarter of 2022.

✅️ Marathon's Bitcoin production increased 210% to a record 12,852 BTC in 2023. Additionally, its energized hash rate increased 253% to 24.7 EH/s (exahashes per second) in 2023 from just 7.0 EH/s the previous year.

✅️ MARA entered 2024 with a strong balance sheet that has them well-positioned for the upcoming halving and beyond.

✅️ Meanwhile, Marathon has recently announced that it was incubating and developing a Bitcoin layer-2 sidechain platform called Anduro on Feb. 28 as it branches out from crypto mining. Anduro utilizes merge-mining, which could allow miners to earn revenue from sidechain transactions while continuing to mine BTC. This will help MARA accelerate Bitcoin development and adoption. Anduro is intended to serve as an application layer and encourage innovation within the Bitcoin ecosystem by allowing the creation of multiple sidechains.

✅️ The company produced 4,242 bitcoins in the fourth quarter, compared with 1,562 in the same period a year before. It said its fleet efficiency improved 21%.

✅️ Marathon reduced its debt by 56% to $331 million at a 21% discount to par.

✅️ Thiel said that during 2024, Marathon plans to grow its hash rate to about 35 to 37 exahash from just under 25 in 2023. Exahash is a unit that measures computational power. By the end of 2025, Marathon expects to be at 50 exahash.

✅️ With orders for 22 exahash of miners already placed and options to add an additional 23 exahash to these orders, MARA believes there may be opportunities to accelerate their growth targets

Another of my favourite stocks recommendation would be $CleanSpark, Inc.(CLSK)$  

✅️ Cleanspark (NASDAQ:CLSK) reported quarterly earnings of $0.14 per share. This is a 130.43 percent increase over losses of $(0.46) per share from the same period last year. The company reported quarterly sales of $73.79 million which beat the analyst consensus estimate of $70.41 million by 4.79 percent. This is a 165.24 percent increase over sales of $27.82 million the same period last year.

✅️ Having a market capitalisation of USD $3.31 billion coupled with very low debt, clean solutions to mine and rapid improvements in mining capacity, Cleanspark is well positioned to do excellently well post halving.

$Riot Blockchain, Inc.(RIOT)$  $MicroStrategy(MSTR)$  

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