MARA's hash rate is now 4.3 EH. The average miner production with the current difficulty rate is 171 Bitcoins per 1 EH. Therefore December yields 735 Bitcoins for MARA. January, through March are going to be at an average hash rate of 9.5. That means the first 3 months will produce 4,873 Bitcoins. April through June is ramps to 13,3 EH. April thru June will average 11.4 EH.... this produces 5,848 Bitcoins. This is 10,721 Bitcoins mined for the first half of 2022. After June, the hash rate goes to 13,3 EH. Now lets say the Difficulty rate gets harder....

now we only generate 150 coins per Exa hash. The 2nd half of the year generates 11,970 BTC's for a grand total of 22, 691. Add in the 8,400 they will have by the end of 2021 and they will be HOLDING 31,000 Bitcoins by the end of 2022. At $100K per BTC, that is $3.3 Billion in assets, not including the value of all of the miners. The cost to mine 22,691 BTC's is $159M.

2022 Revenue at an average BTC value of $75K would be $1.7B, minus $159M is a net revenue of $1.543B. Divide by 100M shares is a forward PE of $15.43 per share. Times 20 for a share price valuation of $300.00. Don't like 20x? try 15x.... $225.00 per share.

There is the thesis. It is simple to understand. We are at the threshold of tremendous growth.$Marathon Digital Holdings Inc(MARA)$