Bitcoin Mining companies analysisBitcoin halving may send these stocks to very high prices. Some setups are better than the others.
Disclaimer: I only hold a position in Mawson Infrastructure. And all my analysis is not a financial advice
Bitcoinmining
MARA Marathon Digital Holdings Options Ahead of EarningsIf you haven`t bought the dip on MARA:
Then analyzing the options chain and the chart patterns of MARA Marathon Digital Holdings prior to the earnings report this week,
I would consider purchasing the 26usd strike price Puts with
an expiration date of 2024-6-21,
for a premium of approximately $7.75.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
As you can see in the chart, I'm bearish short-term but bullish by the end of the year.
MARA KaboomMARA is a bitcoin mining company that trades at a cheap price. It adds more bitcoin to it's assets every day. This stock is probably at at least 60 bucks the next time bitcoin tests its highs in the 60s. If bitcoin is at 100k in the next few years I think this stock is well over 100 bucks. So I think there is more upside to this stock than bitcoin itself.
BTC pain is next Alright, listen up, folks. I know things might seem rocky right now in the world of BTC, but let me tell you something – this is not the time to panic. Sure, there might be a correction looming on the horizon, but that doesn't mean it's the end of the world. In fact, it's far from it.
Think about it. The big boys, the whales, they've been in this game for a while. They know how to navigate these waters, and they're already sitting pretty with their profits, probably even leveraging their positions. But what about us? Are we going to let fear dictate our actions?
No way. This is our time to shine. This is our opportunity to show resilience, to show strength, to show that we're not going to be shaken by a little turbulence in the market. Remember why you got into this game in the first place. Remember the potential, the excitement, the thrill of being part of something revolutionary.
So, I urge you, don't succumb to panic selling. Don't let fear cloud your judgment. Instead, stay calm, stay focused, and stay determined. This is just a bump in the road, a test of our resolve. And I have no doubt that we will come out of this stronger than ever before.
Believe in yourselves, believe in the power of BTC, and together, we will weather this storm and emerge victorious. Let's show the world what we're made of. Let's hodl strong!
#RIOT Blockchain 3 levels of resistance to overcomeWhich I think it will slice through!
#Bitcoin miners tend to follow big technical patterns really well.
From the top you can see the massive bear flag that lasted pretty much all of 2021
all whist in the bitcoin bull market and non conforming disappointing price action
the secondary bear flag in 2022 that led to a precipitous drop
and now there is a potential,
if we get strong rally to the $20 area ...
we could form a very large inverse head and shoulders!
Looks promising.
$MARA approaching the 5th wave down!$MARA:4H
I would expect the increased potential for NASDAQ:MARA to rise as high as the 0.5 retrace (20.75) or AVWAP (21.98) were CRYPTOCAP:BTC price to rise. I would expect the AVWAP (blue) off the recent high to be in confluence with the 0.5 retrace by that point and provide a solid line of resistance. Failure to consolidate above the 0.5 retrace/AVWAP levels could portend the beginning of the 5th and final wave down to the 10-12 price range.
It should be noted that price has done enough to complete the 4th wave upward retrace and could remain range bound (16-19) at current levels for a couple weeks. However, given the recent level of volatility associated with this issue, I see this as the less likely scenario.
In summation, whether it be from a little higher price point or from current levels, my current thesis is that NASDAQ:MARA follows the price of CRYPTOCAP:BTC downward leading up to the halving and its accompanying, short term, ‘supply shock’. I would expect NASDAQ:MARA to find its bottom somewhere between 10-12 before the end of April 2024.
BITFARMS is a Double Digit Bitcoin Miner#BITF
Has a great ticker
Great management
Slick operations and investor communications
I am in
Hope you are in too
Let's Go
HUTUpdating our stance on HUT 8 . Looks like a massive HTF Flat correction.
LMK your thoughts please.
Marathon Digital Holdings ($MARA) Financial ResilienceNavigating Bitcoin Volatility and Strategic Moves in 2024
Marathon Digital Holdings, Inc. ( NASDAQ:MARA ) finds itself at a critical juncture in the ever-evolving landscape of the cryptocurrency market. As the company contemplates another Bitcoin selloff following the sale of 704 BTC in December, investors are keenly observing Marathon's strategic moves to cover operating expenses and enhance liquidity in preparation for the next Bitcoin halving.
Record-Breaking Production and Financial Resilience:
Despite the recent 38% BTC sale, Marathon achieved a record-breaking production of 1,853 BTC in December 2023, showcasing a remarkable 56% increase from the previous month and an impressive 290% surge year-over-year. This not only underscores Marathon's mining prowess but also highlights its financial resilience in the face of market fluctuations.
Operating Expense Coverage:
The decision to sell 704 BTC, amounting to a substantial value, reflects Marathon's commitment to covering operating expenses. With an average BTC closing price of $42,546 in December 2023, the sale likely generated over $30 million, providing the company with a robust financial cushion. The move aligns with Marathon's dedication to maintaining a healthy balance sheet and strategic financial planning.
Upcoming Acquisitions and Growth Targets:
Looking ahead, Marathon is set to finalize the acquisition of two sites from Generate Capital in January 2024, totaling approximately $178.6 million. This signals the company's commitment to expansion and infrastructure development. Chairman and CEO Fred Thiel's vision for 2024 includes a targeted 30% growth in energized hash rate, with aspirations to reach an impressive 50 exahashes within the next 18 to 24 months.
International Expansion and Venture Ventures:
Marathon's global footprint is expanding, with progress reported in Abu Dhabi and a joint venture underway in Paraguay. The company's commitment to diversification and global partnerships positions it strategically in the ever-evolving crypto landscape. Additionally, the significant surge in transaction fee collection through MaraPool, accounting for 22% of BTC production in December 2023, showcases Marathon's ability to capitalize on emerging revenue streams.
Bitcoin Market Dynamics:
As Marathon navigates its strategic moves, the broader market dynamics of Bitcoin are playing a crucial role. The recent surge in Bitcoin prices, reaching $45,899.71, followed by a temporary pullback below $43,000, reflects the inherent volatility in the cryptocurrency market. Marathon's decision to optimize liquidity amidst such market fluctuations demonstrates a proactive approach to risk management.
Conclusion:
Marathon Digital Holdings ( NASDAQ:MARA ) stands at the intersection of innovation and market dynamics, with a robust financial performance, strategic acquisitions, and a commitment to global expansion. As Bitcoin continues to capture headlines with its price fluctuations, Marathon's proactive measures to optimize liquidity position it as a key player in the evolving cryptocurrency landscape.
HIVE #Bitcoin Miner inv Head & Shoulders targets ALL TIME HIGHRework of an idea same as Iren Energy
we have a new right shoulder and and new horizontal neckline.
Linear and Log targets for your viewing pleasure :)
DMG BLOCKCHAIN #DMGI to 5X Lovely Cup and Handle has formed
5X sounds alot but it has traded to those heights previously soo, not really.
and can go on to smash $5
It's a nano cap #bitcoin miner
so position accordingly.
Good Luck.
Cipher Mining #CIFR Cup and handle projects to over $70 bucks. I highlighted the inverse head and shoulders before
which has its own impressive target
BUT if we do peer closely , we can also make out a cup and handle pattern being created.
Log targets provided
Good luck in your speculations.
Greenridge #GREE Bitcoin Miner ... get your lotto ticket moneyand throw into this #NFA
but the principle applies
small allocations can pay off big
low float. may not even have a single miner #DYOR
and just an empty warehouse in the middle of nowhere :)
but here is the technical setup for you
#IH&S
#RIOT Bitcoin Miner ... Can it rocket to $130 ...?You tell me?
Do you think #Bitcoin will cross $100k this cycle or not?
If it does , why wouldn't our miners create parabolic tops in new All time high territory?
Good luck in your speculations.
#IREN Iris energy to 3X100% renewable energy #bitcoin miner
Inverse head and shoulders blasting off
lots of room to run.
Marathon Digital #MARA Inverse Head and Shoulders. To over $100!Back in 21/22 Looking at the #Bitcoin miners helped me directionally to confirm the bear market.
Now in 2023 we have the flip flop
Miners exploded out of the bear market lows.
Check Back, with a healthy retracement. Putting in higher lows.
And now look ready to resume their climb higher.
#Marathon is a great example. A leading name and company within in this sector. And is showing a potential inverse head and shoulder's
The chart shows two targets Linear and Log.
Log target suggests a #Bitcoin price that will trade over $100k --- The promised land.
Will people's live actually be better with BTC @100K ???
Well, only if they are investing now... not buying above that magical mark obviously. :)
Marathon's $178.6M Acquisition Supercharges Bitcoin Mining PowerMarathon Digital accelerates Bitcoin mining dominance with a $178.6M acquisition, doubling capacity, cutting costs by 30%, and preparing for 2024 halving.
Marathon Digital Holdings has announced the acquisition of two Bitcoin mining sites for $178.6 million. This strategic purchase from Generate Capital is set to bolster Marathon’s mining capabilities considerably, especially in anticipation of the upcoming Bitcoin mining reward halving in 2024.
Doubling Down on Capacity and Efficiency
These newly acquired sites in Texas and Nebraska add a combined 390 megawatts to Marathon’s existing capacity. This expansion is not just about size; it’s also a leap towards greater operational control and efficiency. Previously, 97% of Marathon’s capacity came from third-party data centres. Post-acquisition, the company will own and operate 45% of its 910 megawatts, marking a significant shift towards greater autonomy.
Cost-Effective Mining and Expansion Potential
The deal is to reduce Marathon’s cost of mining a single Bitcoin by 30%, substantially improving profitability. The sites offer an immediate expansion potential with 82 megawatts of vacant capacity. Furthermore, as existing hosting clients vacate, Marathon plans to deploy additional equipment, aiming to double its operational hash rate to 50 exahashes in the next two years.
Marathon Digital’s Prudence in Preparation for Halving
Marathon’s approach to this expansion has been marked by financial prudence. The company’s Chief Financial Officer, Salman Khan, highlights the deliberate increase in cash and Bitcoin reserves while keeping debt low. This cautious fiscal strategy aligns with the company’s preparation for the Bitcoin mining reward halving event in 2024.
Marathon’s strategic moves have been reflected in its financial performance. The company reported a 670% surge in year-on-year revenue for the third quarter of 2023. This growth translated into a substantial increase in Bitcoin production and a net income of $64.1 million for the quarter, as stated in their November 8 results filing.
BITFARMS #BITF did you buy?I know I told u to buy #BITCOIN miners
not #BTC
the miners will make u the money in a bull run
still got multiples left in it.
how many multiples left in bitcorn
2.5X? 3X?
Bitfarms Secures C$60 Million in Funding to Bolster OperationsBitfarms secures C$60M investment from U.S. investors, fueling cryptocurrency mining expansion and growth.
Bitfarms, a Canadian Bitcoin mining company, has secured a substantial investment of C$60 million. This influx of capital comes from U.S. institutional investors, marking a significant boost for the company’s operations. The funds are earmarked for strategic enhancements, including acquiring additional cryptocurrency miners, expanding infrastructure, and strengthening the company’s working capital.
In a strategic move, Bitfarms will issue 44,444,446 common shares, each priced at C$1.35. This issuance also includes warrants for purchasing up to 22,222,223 common shares. Investors can exercise these warrants at C$1.61 (US$1.17) per share over the next three years. This decision is a calculated step towards capitalizing on the company’s current market position and is expected to be concluded by this upcoming Tuesday.
Cryptocurrency Resurgence and Bitfarms’ Trajectory
This financial milestone aligns with a notable resurgence in the cryptocurrency space. Recent events, such as the arrest and subsequent guilty verdict of Sam Bankman-Fried, the former head of FTX, for misappropriating billions in customer funds, have significantly impacted the market. Despite some delays, the growing anticipation surrounding the U.S. Securities and Exchange Commission’s (SEC) approval of the country’s first spot Bitcoin ETF signals a wave of potentially massive new investments in the sector.
The U.S. government’s US$4 billion settlement with the Binance cryptocurrency exchange has also made headlines in another significant development. The exchange’s founder, Changpeng “CZ” Zhao, stepped down as CEO following his guilty plea to charges of anti-money laundering and sanctions violations. Collectively, these events have contributed to fostering greater trust in the crypto space, propelling significant gains in cryptocurrencies like Bitcoin and Ethereum and attracting a diverse range of investors.
Bitfarms’ Growth and Market Performance
Founded in 2017, Bitfarms has established itself as a global leader in Bitcoin mining. The company prides itself on vertically integrated mining farms and proprietary data analytics systems. With eleven operational farms spread across Canada, the United States, Paraguay, and Argentina, Bitfarms continues expanding its cryptocurrency mining footprint.
Bitfarms’ stock (NDAQ, TSX: BITF) recently traded at C$1.58 per share, reflecting an 83.72 percent year-over-year increase. Though trailing Bitcoin’s 133.28 percent return, this performance significantly outpaces the S&P/TSX Composite Index’s -1.12 percent return over the same period.
Bit Digital #BTBT Bitcoin MIner"North American operations
With headquarters in New York, our bitcoin mining operations span the United States and Canada represent a mining fleet with significant scale."
Looks Great!
Crypto Gold Rush: Unveiling BlockQuarry's Explosive PotentialAlright, folks, we're diving into the BlockQuarry (BLQC) charts, and it's turning into quite the thriller. Picture this: every time our modified Golden Ratio indicator winked with a Golden Cross, it's been like setting off fireworks.
First stop, December 2020 – a rocket launch. In 72 days, we witnessed a jaw-dropping 2329% gain. Then, cue July 2021, and déjà vu hit with a 779% gain in 77 days. Fast forward to January 2023, another Golden Cross, another quick 129% gain in just 21 days. Now, here we stand, on the brink of Golden Cross number four.
But here's the kicker – every time this happened, we saw the price bust out from a bullish flag. It's like the market whispering, "Hold onto your hats, we're gearing up for something big."
And here's the plot twist – zooming out, we've got this falling wedge pattern. It's like a coiled spring ready to explode. The price is teasing us, right under the resistance from the upper line of the wedge, signaling a potential breakout any moment.
Now, let's throw Bitcoin into the mix. The whole crypto scene is heating up, and these miners, like BlockQuarry, could be the wild cards in this high-stakes game. Bitcoin's rise could be the wind beneath their wings, turning this into a high-risk, high-reward play.
And if that's not exciting enough, over the last two weeks, more folks are jumping in to buy, and there's a distinct lack of sellers. It's like the crowd is getting fired up, sensing the potential for big moves.
But, and it's a big but, let's not forget this is high-risk territory. It's the kind of play where fortunes can be made or lost. Keeping a keen eye on volume, anticipating that breakout from the falling wedge, and staying tuned to any Bitcoin tremors or company updates is the name of the game.
It's a bit like being in the front row of a rock concert, and BlockQuarry is the headliner. Fasten your seatbelts, because this could be one wild ride in the high-risk, high-reward world of crypto mining stocks. Happy trading, adrenaline junkies!
Cipher BTC mining - Major upside potentialCIPHER MINING (CIFR) $CIPR
- Inverse Head and Shoulders breakout & retest?
- Above 200 day SMA with turn up
- OBV increasing
- On daily chart we are above the Point of Control which
aligns which closely with purple horizontal
- We could see a retest of this line so I would be DCA'ing from
here in dribbles especially after a big move like this weeks 25% +, regardless I want exposure so ill dip my beak here.
In terms of managing this trade the chart really shows you everything. This is a long term trade with a good risk return ratio. Align the trade with your own risk tolerance and remember to always be patient and keep an allocation aside in case of a lower price entry opportunity. Stop loss is outlined on the chart and should be honored. We can always re-enter the trade at a later date having reviewed the situation. Setting a stop under the 200 day SMA could be used as a trailing type of stop also.
Fundamentals (for fun and stamping the stock into our mind):
- CIPHER appears to be half the size of Marathon Digital Holdings (MARA) which is a well known industry large player
- Cipher have 59,000 mining rigs deployed (MARA by comparison have 105,200 rigs)
- Cipher mined 493 bitcoin in the month of May (MARA by comparison mined 825 in March 2023)
- CIPHER announced record production during the month of May 2023. It appears things are just heating up.
Fabulous Quote from the CEO from back in November 2022 which gives you an idea of the location and their unique offering
“We are delighted to announce that our Odessa data center has begun bitcoin mining operations just 10 months after we broke ground at the site. The start of mining at Odessa represents a critical step in Cipher’s journey to become a market leader in the U.S. bitcoin mining industry. Since going public in 2021, we have built four data centers in Texas and are now one of the lowest cost producers of bitcoin,” said Tyler Page, CEO. “Because of our long-term, fixed price power contract at Odessa, we also have an advantage that few other bitcoin miners have -- the flexibility to mine bitcoin or resell our power to the market, which can help mitigate the effects of falling bitcoin prices.”
