On 50 Million Shares Marathon Patent Group (MARA) Surges 25%

NASDAQ: MARA has been rising since the beginning of May when the company announced the purchase of 500 additional ASIC miners that are probably made in China. Cryptocurrency miners mostly prefer AMD and NVIDIA to avoid mining only Bitcoin since other coins increase in prices too.

Besides mining activities, Marathon Patent focuses on building other sources of revenue while having financial issues in covering operational expenses. Being dependent on Bitcoin’s price creates an obvious risk for management.

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Mid of 2016 was a turning point for MARA in falling from $47.36 to $0.27 by making investors lose significant funds. However, its market capitalization stays overvalued with negative EPS (12 months based)

Asan Abdiev

CEO and Editor in Chief. Living in the era of dynamic tech change Asan decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring Finance) writing for technology and as well as finance has been one of the precious aspects of his life