- Record BTC Production of 1,853 BTC in December and 12,852 BTC in 2023
- Increased Average Operational Hash Rate 18% M/M to 22.4 EH/s
- BTC Holdings Now Over 15,000, Total Cash & BTC of 1.0B as of December 31, 2023
Sitting on a 15 dollar average on MARA with my latest add. About what I like to see on a algo target hit (small retracement before consolidation and other push higher). I'll put some Hopium bids under the pivot in case we can get a retest before higher targets; I'll also consider adding if we just go sideways here.
Marathon has plans to get to 50 exahash and plenty of cash on the balance sheet for expansion. Any sell off is opportunity to increase your share holdings. Last cycle miners lagged BTC, and MARA was one that actually put in a second high like Bitcoin while other miners put a lower high. Fred Thiel is a solid CEO, and is looked at as a leader among the other Bitcoin mining companies. With more Bitcoin on their balance sheet than the exchange Coinbase, they are certainly no joke. And I would argue a better miner than RIOT, in terms of production. With global hashrate expected to increase substantially this year, I don't see a more clearer play than Bitcoin miners.
God Speed gentlemen. See you at the top ✌️
Hopium Fills : Teens
Targets for cycle top : 140-180s (3rd wave), 300 Algo target