MARA - now the biggest crypto miner in US- where is stock headed
Updated
Marathon is a data center for BTC mining and the stock is going insane!
premarket today up another 20% and stock reaches 9$ - this is one of the biggest crypto miners in the USA and it just bought another 10,000 miners from Bitmain and that puts them in the top of the food chain in US crypto mining so I understand the market hype on it
Marathon is also building a new data center in Montana with a direct agreement with Beowulf energy and this will lower their overhead costs on electricity to 0.028$ per kWh
Just to make sure you understand the electricity consumption is the biggest overhead cost a crypto mining center has and lowering that causes a big rise in the net profits.
i wrote a full article in our site explaining in details the company's moves and where it is going along with the correlation of the stock with BTC prices so feel free to check it out in our site -always free of course
regarding technicals - stock is extended yes and it is even more extended today with another 1$ rise but this stock is not going to stop at 9 or 10 we are looking at a massive volume serge and a lot of gains left for the stock to cover
Support was 5$ - broke on the 10th of Dec
resistance 8$ broke today -next level is 12$ in my opinion
Trade safe and more importantly -trade correct - be where the volume is -always!
Happy holidays from FDGT
premarket today up another 20% and stock reaches 9$ - this is one of the biggest crypto miners in the USA and it just bought another 10,000 miners from Bitmain and that puts them in the top of the food chain in US crypto mining so I understand the market hype on it
Marathon is also building a new data center in Montana with a direct agreement with Beowulf energy and this will lower their overhead costs on electricity to 0.028$ per kWh
Just to make sure you understand the electricity consumption is the biggest overhead cost a crypto mining center has and lowering that causes a big rise in the net profits.
i wrote a full article in our site explaining in details the company's moves and where it is going along with the correlation of the stock with BTC prices so feel free to check it out in our site -always free of course
regarding technicals - stock is extended yes and it is even more extended today with another 1$ rise but this stock is not going to stop at 9 or 10 we are looking at a massive volume serge and a lot of gains left for the stock to cover
Support was 5$ - broke on the 10th of Dec
resistance 8$ broke today -next level is 12$ in my opinion
Trade safe and more importantly -trade correct - be where the volume is -always!
Happy holidays from FDGT
Trade closed: target reached
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the service is completely free ! join us in the struggle
Available free education on our site :
fdgtacademy.com/
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