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Bitcoin breaks the $90,000 mark! How close is $100,000?
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Aaron Invests (AI) joined discussion · Nov 4 21:04

MARA an underdog of Bitcoin Mining?

Hey all,
Interesting news to share.
Recently a lot of good news about MARA. Why I decided to diamond hands this and manipulate the options to my favour.
Disclaimer ⚠️ and disclosure ⚠️ : I do have a significant amount of shares and options based on my account. This is not a recommendation to buy or sell. This is for education purpose.
Let's dig in! 🚀
Based 2 article why I am now moderately bullish about this company. You may read more about it below
Currently MARA had announced there is an increase in hash rate to mine for bitcoin at 40.2 EH/sec
What does it all mean?
It means that the faster the hash rate, the higher the chances of acquiring more Bitcoin by random chance meaning there is a higher probability of acquiring bitcoins.
Comparison to the mining competitors hash rate
$CleanSpark (CLSK.US)$ mining at 31.3 eh/s
Comparison of competitors. $MARA Holdings (MARA.US)$ have a higher chance of collecting more Bitcoins. Target to increase Hash rates to 50 eh/s. An outstanding target 🎯 as it is close to their goal and doing it profitably.
What is the risk then?
The underlying risk is the big daddy Bitcoin $Bitcoin (BTC.CC)$
Unsupported feature. Please use the mobile app.
Bitcoin is currently at 68k and may lead to bearish trends from this point of time. The catalyst is to have a lighter regulation instead of a heavy one.
That means Trump might need to win rather than Kamala for this to run.
Sentiments are currently swinging towards Trump in favor however is still questionable.
Cost per BTC is high.
According to the calculation made in Seeking Alpha
Current cost is at approximately $88k which is still considered to be at a loss rather than gain.
The positive note that MARA is managing it by their data centres rental to reduce the risk of their losses.
Side note: high uncertainty signal in the options trade.
MARA an underdog of Bitcoin Mining?
Options shown IV above 100% implied a high uncertainty in this market condition due to Elections results.
Alright that is all the info I have about MARA.
Blessings and may your trades be ever in your favour.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
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Aaron Invests (AI)
Casual and Social 🐱 ✅ Trader and investor. ✅ charts for Trades ✅ Financial reports to Invest. ✅ Scalpers ✅ swinger
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