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AJMourot
Apr 13, 2024 12:07 AM

Bitcoin Halving Has little to No Effect on BTC Mining Stocks 

Marathon Digital Holdings, Inc.NASDAQ

Description

After reviewing the Bitcoin halving events on Marathon digital's chart, it's clear that the Bitcoin halving does not have a strong impact on the price of the stock.

My initial thesis which was that, profitability cuts caused by the halving would lead to negative price impacts on the chart is disproven by the 2020 bull run.

Right now, it seems the price appreciation that comes after the halving and the direct loss of revenue for miners cancel each other out.

Comment

Seems that Marathon digital got into mining in 2020, and you can see stock price surged during that halving, also looked at other mining stocks and seen that prices do tend to surge post halving
Comments
BosTrader1
Wow great analysis Sherlock. Bet you knew that MARA got into mining bitcoin in early 2020 🤡 Prior to that, they were a patent troll company, completely different industry, hence the name formerly known as Marathon Patent Group. This is their 2nd cycle, the stock only shot up a measly 200x in the last cycle after the halving. Easy 20x from here
AJMourot
@BosTrader1, Thanks, was unaware, no need to be rude about it!
BosTrader1
My apologies I thought you were trolling
silverthorn99
Great research on MARA prior to 2020 🤡
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