Is it too late to buy shares of Marathon Digital Holdings, Inc.

In addition to direct holdingsbitcoin (virtual currency) (CRYPTO: BTC)In addition to spot Bitcoin ETFs, investors can also hold theMarathon Digital Holdings, Inc. (Mar) athon Digital Holdings (Nasdaq resonance)stock (market)(Code: MARA)The name of the company is Hewlett-Packard, and its shares are used to amplify the impact on cryptocurrency price movements. With a price of less than $25 per share, it is suitable for many investment accounts, but it is more volatile and usually not suitable for large positions.

Marathon Digital is not the only publicly traded Bitcoin trader. But if you're looking to leverage the price of digital currency, you may want to invest in a well-established trader that's showing signs of significant growth.

In this case, the "it's too late" question can be answered with a long-term bullish view on Bitcoin, and just as importantly, a long-term bullish view on Marathon Digital.

Swift Digger

Marathon Digital is one of the most active Bitcoin producers, as evidenced by the company's latest monthly operating report. Despite the fact that Fred Thiel, the company's chief executive officer, cited "unforeseen equipment failures, transmission line maintenance, and multiple weather-related outages," the company produced 894 Bitcoins in March, an increase of 8% year-over-year. the company's hash install rate increased by The company's hash installation rate increased by 811 TP3T.

As of the end of March, Marathon Digital had 17,381 Bitcoins on its balance sheet, with cash and tokens amounting to approximately US$1.6 billion. Overall, the company's financial position is relatively strong, having improved from a net loss of US$694.0 million in 2022 to a net income of US$261.2 million in 2023.

Not only that, but the company's debt load has been reduced by 56%, from $748 million at the end of 2022 to $331 million at the end of last year. Thiel expects Marathon Digital to nearly double its hash rate by the end of 2025.

Is it too late, or not enough faith?

Till and Marathon Digital's goal is to continue to produce Bitcoin at a rapid pace. To this end, the company recently acquired a 200 MW mining data center. According to Simmons, this will lower the data center's cost per coin and expand the company's operational capabilities.

But in early April, none of this seemed to impress investors, as the stock price fell from $22 to $18 in a matter of days. It is no coincidence that Bitcoin fell from $72,500 during this period.

But whether you like it or not, this is the rule of the game for Bitcoin mining stocks. To a greater or lesser extent, they follow the short-term price movements of cryptocurrencies, and sometimes the downtrend is exaggerated.

Keeping your wits about you in the midst of volatility means remembering that uptrends can be exaggerated, and keeping your positions modest so that the occasional cryptocurrency cold snap doesn't blow up your account.

If you're bullish on Bitcoin for the long term (which you should be if you're considering owning shares of Marathon Digital), then short-term ups and downs shouldn't matter too much. If you've done your due diligence and are confident in the company's continued growth, then you should remain a firm believer even if the stock price fluctuates.

Perhaps most importantly, make your shares in cryptocurrencies, Bitcoin ETFs and Marathon Digital Holdings an investment. They usually move in tandem, and if the combination of these assets makes your portfolio bearable, then perhaps it's time to take some chips off the table.

Should you invest $1,000 in Marathon Numbers now?

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David Moadel does not own any of the stocks mentioned above. the Motley Fool holds recommended bitcoins. the Motley Fool has a disclosure policy.

Is It Too Late to Buy Shares of Marathon Digital Holdings, Inc. This post was originally published by The Motley Fool