THREAD: $BTBT is reporting a total of 40,865 mining rigs across its current facilities in Xinjiang and Sichuan Provinces in China. Here’s why there are BETTER plays like $MARA .... ⬇️⬇️ https://seekingalpha.com/article/4396054-bit-digital-crypto-miner-benefiting-from-bitcoin-bull-market
Bit Digital: Crypto Miner Benefiting From The Bitcoin Bull Market (NASDAQ:BTBT)

Bit Digital has quickly transformed into a major player among crypto mining stocks. The company just reported its Q3 results highlighted by an impressive operating profit even before the more recent...

https://seekingalpha.com/article/4396054-bit-digital-crypto-miner-benefiting-from-bitcoin-bull-market
While $BTBT ‘s 40,865 currently operational miners lead $RIOT & $MARA in profitability over the short haul, they’re gonna need to purchase an additional 60k just to match the 100k miners $MARA will have fully deployed by the end of 2021
https://www.coindesk.com/marathon-patent-agrees-to-buy-70k-asic-miners-from-bitmain-for-170m “Marathon said its mining fleet will include more than 103,000 machines after this latest order has been received and deployed with a total mining capacity of 10.36 exahashes per second (EH/s).”
Marathon Patent Agrees to Buy 70K ASIC Miners From Bitmain for $170M - CoinDesk

The announcement comes after a holiday weekend in which the price of bitcoin hit a succession of new all-time highs.

https://www.coindesk.com/marathon-patent-agrees-to-buy-70k-asic-miners-from-bitmain-for-170m
$MARA has a better location as well. Operations will be solely out of North America (Specifically Hardin, MT). While it’s impossible to predict any future regulations or tensions, I believe the “soil” for growth long term will be more friendly here vs there. US Gov > CCP.
https://finance.yahoo.com/news/bitcoin-miner-marathon-patent-group-141550116.html “If all the miners were deployed immediately, at a bitcoin price of $28,000, “we would produce approximately $618 million in revenue annually and approximately $523 million in gross profit annually,” said Marathon’s chairman and CEO, Merrick Okamoto.
Bitcoin Miner Marathon Patent Group Completes $200M Capital Raise

Nasdaq-listed Marathon said it will use the funds to pay for recent hardware purchases from Bitmain and to expand its business.

https://finance.yahoo.com/news/bitcoin-miner-marathon-patent-group-141550116.html
I personally believe #bitcoin will be 100k minimum by the end of 2021 when all 103k of $MARA miners will be deployed.... Gross profit annually would be just under 2 Billion
2 Billion in gross profit annually > current market cap of 575 million by almost 247% ...
While institutional transactions for $MARA are up 235% from normal levels, ownership only accounts for 5.4% of the current float. This number will grow massively with time. Especially as #bitcoin value continues to increase...
So sit back #HODL your $MARA & #Bitcoin & get paid. It really is that easy.
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