$MARA Holdings (MARA.US)$ is likely to have a big 2022. To p...

$MARA Holdings (MARA.US)$ is likely to have a big 2022. To put things into perspective, Marathon reported mining capacity of 2.7EH/s as of Q3 2021. By mid-2022, the company expects mining capacity to increase to 13.3EH/s.

The company expects that this will translate into revenue of $92.4 million per month. This would imply an annualized revenue potential in excess of $1 billion. Clearly, the best part of growth is still to come for Marathon Digital.

Another point to note is that the company is exclusively into Bitcoin mining. However, as capacity ramps-up, Marathon will have robust financial flexibility. This will provide scope for organic and acquisition driven growth. It’s very likely that Marathon will be more diversified in the coming years.

In the near-term, Bitcoin is likely to bounce-back after a sharp correction. Inflation remains a concern and Bitcoin is considered as one of the inflation hedges. With limited supply and wider adoption, rising Bitcoin price will benefit Marathon Digital.