Marathon Digital Holdings (MARA) plans to build one of the largest Bitcoin mining operations in North America.Management has set bold targets to rapidly increase its Hash Rate (Bitcoin Mining Speed) and expand operations.The Bitcoin Mining company acts as a leveraged way to play the future of Bitcoin.I have estimated price targets based on various scenarios for the company's production and Bitcoin Price.Cryptocurrency is an intriguing and unique asset class, as a contrarian investor I aim to buy when others are "non believers" such as in 2016, before the bull market of 2017. In addition, I sell when everyone is buying. For example, in my private investing group, I told everyone I was selling my Bitcoin in February 2021. Although, I didn't time the top and could have held on for ~30% more gains, I also missed the 66% plummet from all time highs in from November 2021. However, now the technical charts say Bitcoin has bottomed (for now) and the asset has even had its best month since 2021, with the price up ~20% over July. Marathon Digital (MARA) is a leading Bitcoin Mining company which acts as a leveraged way to play Bitcoin. As I mentioned previously, the price of Bitcoin popped by 20% in July (Blue line), however, Marathon Digital (orange line) is up a blistering 134% over that same period.Marathon Digital (Orange) Vs Bitcoin (Blue) (created by author TradingView)The technicals show bullish momentum signs for Crypto and thus ...
