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Seeking Alpha 2021-10-20 21:34:41

Marathon Digital: Don't Let The High ROI Fool You

Marathon is quickly ramping up its bitcoin mining operations and by mid-2022 will produce almost 3,000 BTC (~$180M) per month.Currently, profit margins are over 80%, making the company look very cheap.However, there are five major trends that make the high profit margins unsustainable.I, therefore, believe that Marathon is overvalued and that investing directly in Bitcoin is the safer option for crypto enthusiasts.

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