With the Bitcoin price krach today (48,000 USD), the actions of Bitcoin Mining Companies Marathon Patent Group (Mara) and Riot Blockchain are on sale now.
While Mara is negotiated below USD $ 40 (down 15% at a given time), Riot is also down 5%.
From next year, Mara plans to expand her Hasrate total to 10.3 Exehash / Second, which will make it the minor Bitcoin n ° 1 in the world.
By installing these many ASIC minors (100K +), Mara will be able to produce around 55 to 60 bitcoins per day.
In addition, Mara has just bought more than 4,500 bitcoins (spending 150 m by offering its shares) on the free market for an average price of around 31,000 USD. This movement alone has so far been more than 200 m of profits.
Mara currently has around 95 million shares in circulation.
When you compare the number of shares in circulation between Mara in Riot, Riot has around 67 million shares in circulation and earns nearly 350,000 USD per day in profits while Mara is currently gaining $ 50,000 per day of profits (260 pH at the moment, which is extremely extremely).
So why buy Mara, you can also go with the riot blockchain stock, right? This is where things become really interesting and future assessments come into play.
If you consider today’s evaluations, Mara is the lowest in terms of hash rate at 260 pH / s, compared to other American and Canadian cryptography minors in space – Riot, BTBT, Bitfarms, Hut 8, Blockchain Hive, Argo Blockchain.
Let’s start.
Here’s why you should buy the Mara action today
1. Mara will control almost 6% of the global BTC production by the end of 2021 (planned to produce more than 50 BTC each day in 2022) (Warning: a rapid and significant increase in the harasing rate of competitors reduces the quantity of BTC Mara produced)
2. Mara is currently producing a BTC at the cost of 4541 USD (includes electricity + operational costs), which is equivalent to a gross margin of 90% + with BTC at $ 56,000
3. None long -term debt on the balance sheet
4. 4,813 BTC in holdings purchased at an average price of $ 31,000 USD
5. The CEO has already adopted that Hodl all BTC it mines
6. Electricity accommodation and incredibly cheap data center ($ 0.034 / kWh in total); $ 0.09 / kWh is the average for the American house
7. Naturally cold locations for mining (Montana and Northern Dakota) to maintain low electricity costs
8. Mara has cornered the market on minors S19 (the most recent and most powerful minors)
9. Patent Group marathon (Mara) will have a massive fleet of 103,060 minors operating by the end of 2021; Mara should have 10.3 eh of mining power!
10. The company has its minors, so that minors’ rental costs do not reduce profits.
Future growth in the hash rate
Mara looks at a fairly good step with 4,000 minors ASIC Antmin S-19 ASIC newly installed. Their hashrate will go from 248 pH / s to 688 pH / s, which represents an increase of 256% of the hashrate.
The company expects these minors to be deployed at the end of February.
6,300 additional minors will be delivered in March and 4,800 minors will be delivered in April.
You can check this information on the company’s website in the press release of February 1, 2021.
Each minor S-19 pro produces 0.11 pH / s which means:
-
February (current) hashrate: 248 pH / s or 0.244 EH / S (2560 minors)
-
Hashrate of March 688 pH / s or 0.688 EH / S (2560 + 4000 minors)
-
April Hashrate 1381 pH / s or 1.381 EH / S (2560 + 4000 + 6,300 minors)
-
May Hashrate 1909 pH / s or 1.909 EHS (2560 + 4000 + 6300 + 4800 minors)
When all minors are in operation 3560 pH / s or 3.56 eh / s.
This means that Mara will go beyond Riot’s hashrate by April / May.
Mara Bitcoin production (BTC) based on available data
-
February (current): daily 3.968 BTC – (annualized 1,448.32 BTC)
-
March: Daily 11.008 BTC – (annualized 4,017.92 BTC)
-
April: daily 22.096 BTC – (annualized 8,065.04 BTC)
-
May: daily 30.544 BTC – (11148.56 BTC canceled)
When all minors are in service: daily 56.96 BTC – (20,790.40 BTC annualized)
BTC Mined BTC annual income with the BTC price at $ 56,000
-
Current: $ 222,208 per day, $ 81,105,920 per year (annualized)
-
March: $ 616,448 per day, $ 225,003,520 per year (annualized)
-
April: $ 1,237,376 per day, $ 451,642,240 per year (annualized)
-
May: $ 1,710,464 per day, $ 624 319,360 per year (annualized)
-
When all minors are in service: $ 3,189,760 per day, $ 1,164,2400 per year (annualized)
BTC prices should obviously increase in the coming months / years, so with higher BTC prices, these profits will also increase!
As an investor, you must do your research on the benefits and future potential of the company and enter before the rest of the market and investors see the same value in the company.
Once you are inside, sit down and enjoy the ride for the next 1-2 years. More importantly, ignore enemies and shorts. It will be a jumped ride with incredible races and also withdrawals. But stay the course.
This is how you 3x, or 5x, or 10x your investment as an early investor.
Marathon Patent Group (Mara) projections of evaluation and future growth
In less than 5 months, $ Mara will have around 40,000 operational minors.
This means that they will operate around 25 BTC / day.
At $ 53,000 / BTC, if you cancel this, it’s $ 483 million. Subtract the cost to exploit the BTC which is equivalent to $ 41 million, gross profit of $ 442 million
Now divide by 93 million sharing = 4.75 EPS.
Then factors by your favorite multiplierLet’s use 20x and you get around $ 90 at $ 95.00 per share by July 2021.
At the end of 2021, when all minor machines are received and operational Mara will be 57.5 BTC / day.
Annated, it is nearly 21,000 bitcoins…. At the price of the BTC today of $ 53,000, or about $ 1.112 billion. Less, the cost to operate the 21,000 bitcoins is $ 4,500.00 21,000 = 94.5 million dollars.
The gross profit is then $ 1,112 million – $ 93 million = $ 1,017.5 million. Divide by 93 million shares = 10.94 EPS an average factor of 20x = $ 218.00 per share.
This is what shorts and Matt McCall don’t want you to know! Bitcoin should be $ 100,000 by then, if that is true, that said Mara should be about $ 350.00 to $ 400.00 per share.
Now let’s say that the mining difficulty factor increases by 2x … This means that Mara is still around an action course of $ 200.00.
Why Mara is better than Riot Blockchain
Here are 2 reasons why Mara is a better deal than Riot (especially right now)
1. Mara concluded an agreement to receive 70,000 Bitmain minors, which will make Mara 100,000 minors by December 2021 and a total hashrate of ~ 10eh / s. At that time, a riot with a hashrate nearly 4th / s
2. Mara made an investment of 150 million in Bitcoin 3 weeks ago when the price of Bitcoin was around 30k to 33k, which means that Mara made almost 50% of their investment.
No matter what Mara compares to Riot right now because Mara is technically still a baby compared to the giant in which he grows.
Right now, the Mara hashrate is not even 1st / s and they are heading around 10.
In addition, you should be happy that Riot has reached more than 80 / share, because it shows how potential mining actions have and with what Mara and Bitcoin go, Mara will be clearly much $ 100 / sharing by the end of this year.
Thank you for reading. Please give me your thoughts and comments below.
