Marathon Digital Stock: More Upside With A Breakout In Bitcoin

BOOX Research
20.33K Followers

Summary

  • Marathon Digital Holdings is benefiting from the strong momentum in bitcoin approaching an all-time high.
  • The company has reported strong bitcoin mining production growth which is expected to accelerate as it increases capacity.
  • We are bullish on the stock which we believe can continue to outperform the price of bitcoin.

Bitcoin bull market

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Marathon Digital Holdings Inc (NASDAQ:MARA) has achieved juggernaut status as the leading Bitcoin mining stock benefiting from the ongoing crypto bull market. Shares are up over 360% this year and there is a strong case for

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This article was written by

20.33K Followers
BOOX Research run by Dan Victor, CFA specializes in covering small-caps and under-the-radar ideas. Dan brings more than 15 years of experience in financial services across multiple roles in research, investment management, and trading. Dan is also the winner of Seeking Alpha's 2023 stock market prediction contest-- beating out a field of 40 analysts by correctly forecasting the S&P 500's 24% gain that year. https://seekingalpha.com/article/4660791-2023-market-prediction-contest-winners

Analyst’s Disclosure:I/we have a beneficial long position in the shares of MARA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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