MARA, gathering strength for multi day gains -- coincides market
MARA tri-monthly chart is clearly showing initial upside shift.
Accumulation and volume has been notable this past few days. Net buyers are definitely positioning in anticipation of crypto market's season breakout.
KEY NOTES:
Tri monthly histogram has registered higher lows -- cementing the current price range as the base for the coming series of ascend.
First "bubble up" volume indicator below indicates warning sign of an incoming series of UPSIDE movement.
Near term goal is x4 price -- with extended high prospect of x10 returns within 12 months.
Spotted at 10.0
TAYOR.
Safeguard capital always.
_______________________________
FUNDAMENTAL NEWS / from tradingview:
Mining Output Up 77% In May
Jun 3, 202306:35 GMT+8
KEY POINTS:
Marathon Digital’s Bitcoin mining output in May is up 77% from the previous month.
The Bitcoin mining firm mined a record 1,245 BTC during May 2023 thanks to increased hash rates and transaction fees.
The Bitcoin miner has increased its Unrestricted Bitcoin Holdings to 12,259 BTC, worth roughly $333 million.
Marathon’s stock (MARA) surged by almost 7% following the latest mining metrics.
Bitcoin mining giant Marathon Digital has reported optimistic metrics for the month of May 2023. The Fort Lauderdale-based firm mined 77% more BTC in May as compared to the previous month. The increase in mining output was attributed to surging hash rates and transaction fees thanks to the growing popularity of Bitcoin ordinals. The Bitcoin miner revealed that in some cases transaction fees were so high that they exceeded the 6.25 BTC block reward.
Marathon Digital’s Share Price Up 7%
According to the unaudited Bitcoin production and miner installation updates published by Marathon Digital Holdings, the Bitcoin mining firm mined 1,245 BTC during May 2023, marking a 77% increase from April. The latest BTC addition brought the firm’s year-to-date mined BTC number to 4,141 BTC. The bitcoin miner also increased its operational hash rate by 9% to 15.2 EH/s and installed hash rate by 13% to 20.1 EH/s in May. The Bitcoin miner has increased its Unrestricted Bitcoin Holdings to 12,259 BTC, worth roughly $333 million.
With the construction of Applied Digital’s facility in Ellendale, ND progressing and optimizations across our fleet continuing, we believe we are on track to reach our 23 EH/s target near the middle of this year.”
Fred Thiel, Chairman and CEO of Marathon Digital Holdings
Marathon’s CEO Fred Thiel stated that apart from the Bitcoin mining operations, the firm also collaborated with Brink to raise nearly $800,000 for Bitcoin core developers, of which $500,000 was contributed by the Bitcoin miner. The latest Bitcoin mining metrics had a bullish impact on Marathon Digital’s stock (MARA). The share price gained nearly 7% after the numbers for May 2023 were released. At the time of writing, the stock was trading at $10.03.
Accumulation and volume has been notable this past few days. Net buyers are definitely positioning in anticipation of crypto market's season breakout.
KEY NOTES:
Tri monthly histogram has registered higher lows -- cementing the current price range as the base for the coming series of ascend.
First "bubble up" volume indicator below indicates warning sign of an incoming series of UPSIDE movement.
Near term goal is x4 price -- with extended high prospect of x10 returns within 12 months.
Spotted at 10.0
TAYOR.
Safeguard capital always.
_______________________________
FUNDAMENTAL NEWS / from tradingview:
Mining Output Up 77% In May
Jun 3, 202306:35 GMT+8
KEY POINTS:
Marathon Digital’s Bitcoin mining output in May is up 77% from the previous month.
The Bitcoin mining firm mined a record 1,245 BTC during May 2023 thanks to increased hash rates and transaction fees.
The Bitcoin miner has increased its Unrestricted Bitcoin Holdings to 12,259 BTC, worth roughly $333 million.
Marathon’s stock (MARA) surged by almost 7% following the latest mining metrics.
Bitcoin mining giant Marathon Digital has reported optimistic metrics for the month of May 2023. The Fort Lauderdale-based firm mined 77% more BTC in May as compared to the previous month. The increase in mining output was attributed to surging hash rates and transaction fees thanks to the growing popularity of Bitcoin ordinals. The Bitcoin miner revealed that in some cases transaction fees were so high that they exceeded the 6.25 BTC block reward.
Marathon Digital’s Share Price Up 7%
According to the unaudited Bitcoin production and miner installation updates published by Marathon Digital Holdings, the Bitcoin mining firm mined 1,245 BTC during May 2023, marking a 77% increase from April. The latest BTC addition brought the firm’s year-to-date mined BTC number to 4,141 BTC. The bitcoin miner also increased its operational hash rate by 9% to 15.2 EH/s and installed hash rate by 13% to 20.1 EH/s in May. The Bitcoin miner has increased its Unrestricted Bitcoin Holdings to 12,259 BTC, worth roughly $333 million.
With the construction of Applied Digital’s facility in Ellendale, ND progressing and optimizations across our fleet continuing, we believe we are on track to reach our 23 EH/s target near the middle of this year.”
Fred Thiel, Chairman and CEO of Marathon Digital Holdings
Marathon’s CEO Fred Thiel stated that apart from the Bitcoin mining operations, the firm also collaborated with Brink to raise nearly $800,000 for Bitcoin core developers, of which $500,000 was contributed by the Bitcoin miner. The latest Bitcoin mining metrics had a bullish impact on Marathon Digital’s stock (MARA). The share price gained nearly 7% after the numbers for May 2023 were released. At the time of writing, the stock was trading at $10.03.
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Data Update: 4H
Mara is persistent on its goal: GROW.
Mara is persistent on its goal: GROW.
Trade active:
Nothing's changed. GOAL in tact: Significant future PRICE GROWTH.
Weekly + Price registered Higher lows. Confidence remains the same.
Weekly + Price registered Higher lows. Confidence remains the same.
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We are MOVING!. Crypto Ascend and so is MARA.
More price growth incoming.
More price growth incoming.
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MACRO VIEW: WEEKLY Data:
Can't doubt this no more.
Can't doubt this no more.
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+50% so far. More to go.
Congrats holders.
Congrats holders.
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+73% in 1.5 months. more to go.
Well done MARAthoners. :)
Well done MARAthoners. :)
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4h update: fresh attempt on queue by MARA next week.
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MARA, preppin new base for a new ascend attempt to 13 -- then 20.
TAYOR.
TAYOR.
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Weekly data update:
Beautiful setup opportunity for MARA just re-surfaced.
It's aiming for its previous peak at 19.75.
If you missed the recent crypto pumps --crypto stocks like MARA will be your friend. The growth prospect is beyond measure.
Spotted at 9.0
TAYOR.
Beautiful setup opportunity for MARA just re-surfaced.
It's aiming for its previous peak at 19.75.
If you missed the recent crypto pumps --crypto stocks like MARA will be your friend. The growth prospect is beyond measure.
Spotted at 9.0
TAYOR.
Trade active:
Daily data update:
Things are moving as planned from 9.10 to almost 11.0. More to go...
Things are moving as planned from 9.10 to almost 11.0. More to go...
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Things are proceeding as planned. More rise expected.
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Congrats MARA thoners... this is on a sprint. :}
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Target hit plus so much more.
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4H daily data update:
Shorts are thinning out, we may see the start of accumulation period next week.
TAYOR.
Shorts are thinning out, we may see the start of accumulation period next week.
TAYOR.
Trade active:
Congrats holders. We're back at the 20 range.
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HUGE BUY ALERT.
DON'T THINK ABOUT IT. JUST BUY!
DON'T THINK ABOUT IT. JUST BUY!