Marathon Digital Poised for Growth Despite Bitcoin Halving Concerns
• Marathon Digital is a leading and profitable Bitcoin mining company that reported strong Q4 2023 earnings with record Bitcoin production and significant revenue and profit growth.
• Marathon Digital stock has declined recently due to concerns about the upcoming Bitcoin halving event in April, but such concerns are overblown.
• Past Bitcoin halving events have driven crypto prices significantly higher, so this event could boost Marathon Digital's profitability from mining more valuable Bitcoin.
• Demand for Bitcoin is surging, including from new US spot BTC ETFs, just as supply is set to be cut in half per the halving event. This should push Bitcoin prices to new highs.
• Despite recent stock declines, Marathon Digital has exponential revenue growth and is mining record amounts of Bitcoin, so the stock remains a buy.