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Marathon Files for Chapter 11 just now - I did warn folks on Jul 13, 2022 that $MARA would be forced to liquidate and is by far the weakest miner in my quarterler miner review. 

Bitcoin mining is a cutthroat business. 

After this - will do a further update to identify from financial analysis who is next. I am sure there are more shoes to drop. 

https://coincodecap.com/marathon-reports-80m-exposure-to-a-failing-mining-company

Files

✂️ Marathon will be forced to Liquidate Jul 13, 2022

31 seconds · Clipped by InvestAnswers · Original video "What's Better - Bitcoin or Bitcoin Miners?" by InvestAnswers

Comments

Anonymous

Mining stocks are really feeling the hurt. I’m down 90% on Argo…. Was a massive allocation in my portfolio. Fingers crossed for the future - no point selling now!

David Dawei

Try selling covered calls to call back some points - if they trade options

Anonymous

I will need to look into that David. Thanks for the suggestion.

Anonymous

This aged very well CORZ is at $0.25. Lol