The Marathon Continues – 283

Bitcoin miner Marathon shares outperform Peers ahead of possible strong earnings Report the minor is expected to report a Strong acceleration in quarter over Quarter Revenue growth due to the rally In Bitcoin prices a Jeff's analyst said Marathon digital is likely to see strong Fourth quarter sales due to higher Bitcoin prices and transaction fees a Jeffy's analyst said the analyst will Also be looking for the miner potential Plan to shift away from thirdparty Hosted mining to self- mining and that Is obviously one of the things that I Always get kind of interested in is There's a huge push in hosting during The bare market and if you are going to Be utilizing hosting in general I I Think you want to take into account the Having Cycles in general and make sure That your contract is going to last Basically beyond the having cycle and Into the Euphoria stages of the Bitcoin Price and that is because if you don't It's going to be a lot more tempting for Those hosts to move into basically self- Mining for themselves and may not renew Your contract or charge exorbitant fees Or a much higher cost for hosting than You know basically they were in the past During the bare market so if you're Looking at those contracts it's Something to consider from a hosting Perspective if you are sending your

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Units out to be hosted you really don't Want to get stuck in a hosting situation Where you run out of the contract these Hosts start to deploy their own miners Right out of power start to try to Charge you more and then it takes you Forever to get your Miner back it takes You forever to get it back online all of Those sorts of things so keep that in Mind Bitcoin miner Marathon digital Shares outpaced mining peers on Wednesday ahead of an earnings report That Jeff expects to be strong mainly Due to a rally of Bitcoin prices during The four quarter the shares Rose more Than 6% in early trading while other Mining stocks are mostly muted even as Bitcoin blasted past 60,000 for the First time since November 2021 the Fort Lauderdale Florida based Minor is slated to report fourth quarter Earnings after the Bell on Wednesday and Is likely to see a significant Boost From bitcoin's recent rally and higher Transaction fees we expect the company Will report a strong acceleration in Quarter over quarter Revenue growth due To a near 50% increase in average Bitcoin price from uh the third third Quarter of 2023 additionally transaction Fees have been markedly higher in the Fourth quarter of 2023 making up about 11% of minor rewards from just 2% in the Third quarter of 2023 Peterson said and

That's kind of where I'm wondering 11% Is quite significant I don't think we've Seen really levels of minor rewards from Transaction fees being that high Obviously like I said for us to really Break out of the H having kind of cycle I think we need to see 50% right so We're still quite a ways off from 50% Could that change you know with the Popularity of ordinals if those pop off During this cycle could that be Accelerated and we go into some sort of Macro cycle for macro cycle for Bitcoin I suppose that could be the case what Are you all thinking I feel like you Know making up that 39% is going to take A few more Cycles but you know I've been Wrong in the past and we could see that Kind of be impacted uh more immediately Which would be good news for everyone I Think the transaction fees which Supplement miners reward of the Bitcoin Blocks have been a boom for the miners Last quarter due to the popularity of Ordinals transaction fees saw some Significant spikes helping lift miners Profitability Wall Street analysts Expect Marathon to report fourth quarter Sales of $148 million about 52% higher Than third qu quarter according to fact Set data however the minor is estimated To post earnings per share of 4 cents in The fourth quarter versus 35 cents in The previous quarter which is

Interesting I don't know if that's Supposed to be 3.5% okay anyways Peterson will also Look for marathon's plans to move its Business towards self-hosted Mining and Buy up more Bitcoin mining computers Marathon mostly uses thirdparty data Centers to store its mining rigs which Has resulted in some hiccups for the Miners however Peterson says Marathon Has been shifting from that business Model which should help improve Profitability most recently Marathon Took over full ownership of two mining Sites where rival Hut 8 was hosting the Company's machines The Miner said that By removing Hut 8 as the third-party Operator it will be able to lower its Operating costs and improve operational Efficiency Marathon has risen nearly 20% This year alongside other mining Companies has underperformed Bitcoin Staggering 44% rally heading into April's Bitcoin having event one of the Things as far as publicly traded miners Are concerned like I've said in the past Is you know if you're investing in it You're adding basically another kind of Point of failure for your investment I'm Not a big fan of basically investing Into public companies there can be some Benefits there but there can also be Some big downsides like if they go Bankrupt which we saw a lot of and

Seeing that you know what we're seeing From these strategies from these large Mining firms is kind of opposite of what You would really want to do from a Logical standpoint I still don't trust Them to actually handle the Bitcoin Mining operations as you know Efficiently as I would myself what do I Mean by that well I've been purchasing Cryptocurrency a bit Bitcoin miners you Know during the bare Market at a much Lower cost they're talking about taking Full ownership now and maybe the ship's Already left the station as far as Bitcoin's concerned in fact I kind of Feel like the ship has started leaving The station there's very few Opportunities I think to get back into Bitcoin Asic Mining and we'll only start To see those miners start to go up in Price and it's a little too late there Are still other opportunities on the CPU Mining side and the GPU mining side even Maybe the fpga mining side but from the Asic perspective I think we're starting To see that ship leave the station and That is why like I give you guys what my Strategies are and what I'm looking at So you see what I've done in the past so You know when I've actually made these Moves so you can basically have educated Uh an educated guess on what maybe you Want to do with your own things without You know Financial advice and blah blah

Blah now you guys mind during the bare Market you made it through well at least Maybe a half of you I know a lot of you over here didn't actually Do it but the ones that did I have a new Shirt for you guys and it says I mind With the Bears for the bear Market okay So if you mind with the Bears and you Want to rep that you did mine during the Bar Market go ahead and head on over to Shop.of ach.com and the listing will be Down below I'll put it in live chat Right now I have a sweatshirt there's a Sticker if you'd rather have a sticker T-shirt premium shirt all that cool cool Stuff um really like the new shirt I Ordered a few for myself and I just had That design finished this week Eventually it'll be under on the YouTube Channel but that takes a little bit of Time so just give it some time uh Proceeds of course go to supporting me In the channel so there you go and I Thought uh we put some work into it and I thought you guys might enjoy it thanks For watching this clip from the crypto Mining show you can check out the full Episode here and don't forget to Subscribe down here as well you can also Check out my crypto mining ecourse at Son ofate tech.com where you can get a Free month of supporter status with a Purchase at sonof tech. locals.com also Don't forget to check out my merch

Underneath the video or at shop.on Of.com I'll see you next Tuesday

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