This is the one miner that has lagged against all others and I believe it's time is coming. Chart looks good momentum is behind it. During June 2023 SDIG energized the 2,000 Avalon 1346 mining rigs. They have a goal getting to 4eh/s by the third quarter of 2023. SDIG is extremally small compared to competition and considering it has revenue above its marketcap.
A lot of new share being printed by management on top of a reverse stock split.
While price cart recently printed new lows. The market-cap chart is still above the last higher low and lower lows.
Once Daily and Weekly trend show signs of strength I still believe this could be one of the highest RR in the Bitcoin Mining space.
Company has revenue bigger than it's marketsize. However net income with all excessive operational expense do need to start getting into the green.
The risk with this company is extended bear market where company can run into getting delisted from NASDAQ and possibly file for bankruptcy.
Here's technical structure I would pay to attention as price develop between levels.
D7R
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@D7R, only major concerns is management doesn't manage to get Operational costs and increase that EBIT and INCOME above the basis. The revenues around 78% of mcap is quite good. But it really need to start translating into a solid cost structure that benefit the huge on going EBIT hole.
C_Vidal
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@D7R looks like institutional investors pushing the piece higher. hopefully the piece holds this extended green and pushes higher.
Solid. As long it keeps above that $5 looking good.
C_Vidal
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at price did you buy and for how long are you holding
Pigeon941
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@C_Vidal bought 90% at $5 and just added to the position at 8 here but things are bit overextended. Looking to add more around the 6.4-7 range. My plan is long duration trade 4-6 months or maybe longer. its all spot and letting things develop. It’ll determine how price proceeds to play out. Will update if I take some off.
While price cart recently printed new lows. The market-cap chart is still above the last higher low and lower lows.
Once Daily and Weekly trend show signs of strength I still believe this could be one of the highest RR in the Bitcoin Mining space.
Company has revenue bigger than it's marketsize. However net income with all excessive operational expense do need to start getting into the green.
The risk with this company is extended bear market where company can run into getting delisted from NASDAQ and possibly file for bankruptcy.
Here's technical structure I would pay to attention as price develop between levels.