Highly Regarded Bitcoin Miner

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In this video, I discuss Marathon Digital Holdings (MARA), a US Bitcoin mining company that continues to innovate at the cutting edge of corporate stupidity.

In the past, MARA has participated in OFAC censorship, spammed the chain with inscription garbage that crowds out legitimate monetary transactions, and now in a final act of desperation is mining shipcoins.

To add injury to insult, MARA management's compensation continues to rise, even as the stock price continues to fall.

Short sellers would seem to agree with this analysis, and there is a very real chance that this company does not survive.

Not investment advice! Consult a financial advisor.

Marathon Digital (MARA):
https://en.wikipedia.org/wiki/Marathon_Digital
https://ir.mara.com/corporate-governance/board-of-directors
https://crypto.marketswiki.com/index.php?title=Marathon_Patent_Group

MARA pool controls 4% of the hashrate:
https://mempool.space/mining

OFAC compliance:
https://ofac.treasury.gov/
https://ir.mara.com/news-events/press-releases/detail/1239/marathon-digital-holdings-becomes-the-first-north-american

MARA stops censoring real Bitcoin transactions:
https://www.theblock.co/linked/106865/marathon-ofac-bitcoin-mining-pool-taproot

MARA starts spamming the chain:
https://theminermag.com/news/2024-06-20/marathon-bitcoin-slipstream-video-inscription/

MARA mining shipcoins:
https://www.mara.com/learn/mara-diversifies-revenue-streams-with-kaspa-mining-and-expands-leadership-in-digital-asset-compute

MARA income statement:
https://finance.yahoo.com/quote/MARA/financials/

MARA executive compensation:
https://www.morningstar.com/stocks/xnas/mara/executive

MARA proxy statement to increase management compensation:
https://ir.mara.com/sec-filings/all-sec-filings/content/0001493152-24-024436/0001493152-24-024436.pdf

Chart of MARA shares outstanding:
https://ycharts.com/companies/MARA/shares_outstanding

MARA hig..