$Marathon Digital Holdings Inc(MARA)$
Anytime bitcoin going above 70k it's not good for this stock lol. Took a big position in December and did very well. As time progressed it was clear the leadership team is more interested in themselves than their shareholders. Constant dilution. Will be very surprised if this gets back to $30 in the next few months. Good luck longs, I have rotated to BTC, COIN and MSTR.
the Company (APLD) anticipates that as new transformers are received and installed, the Ellendale facility will target operating capacity of approximately 65%-75% of full capacity by the end of May 2024. Applied said the transformers did not meet industry standards and are being replaced. These are the transformers that supply Mara's power. It is also our second largest hashrate facility. This has been hurting us since Jan. and will continue. They said end of May will still only be 3/4 power. Ouch. No wonder our mining has been so bad.
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