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In this video I will be discussing 2 stocks that I am buying on dips. I expect these stocks to double in 3 to 6 months time… I will show you my calculations and rationale of my stance. Both of the stocks are super cheap and in accumulation phase by big wall street giants.
1st on the list is Marathon Digital Holdings, ticker symbol MARA.
Marathon Digital is one of leading Bitcoin mining company in North America headquartered in Las Vegas, Nevada. Mara is currently mining approximately 19 bitcoins per day, it mined 442.2 bitcoins in July at the rate of 14.74 bitcoins per day valued around 21.2 million dollars. At the start of August Mara owned 6225.6 bitcoins valued around 299 million dollars. But the exciting thing is, once all the purchased hardware is installed Mara will be producing 55 to 60 bitcoins per day.. that translates to 2.8 million revenue per day, 86.4 million revenue per month and 1.03 billion revenue per year at todays bitcoin rate and mining costs are just 11% of the total revenue. These costs are expected to decline further whereas bitcoin prices are expected to rise further.. current market cap of marathon digital is just 3.5 billion dollars. Comparing the future growth prospects and current valuations I see the stock doubling or tripling easily in next 3 to 6 months… Bitcoin is gearing for another rally and with rapid increase in mining capacity Mara is an ideal bet at the moment. Buying the dip strategy should be adopted.
DISCLAIMER: Note that I am not a financial adviser and you should do your own due diligence before making any decision. I just share my views. I do not recommend basing any investment decisions on my videos. My videos are only made for educational and entertainment purposes.
