Seeking Alpha
2020-11-18 13:24:46

Marathon Patent sees potential $8.8M revenue/month in Q2

In a new presentation on its website, Marathon Patent Group (MARA) estimates financial performance once all 23,560 of its miners are deployed in Q2 2021, based on ~$16,000 bitcoin price, which was the seven-day average as of Nov. 17.MARA shares jump 13% in premarket trading.Sees potential to produce 15-20 bitcoins per day at an average production cost of $3,863 per bitcoin;Potential to generate $8.8M in revenue per month and $6.7M in gross profit per month;Sees producing 2.6 EH/S, which will account for approximately 2.0% of the global bitcoin hashrate.Bitcoin, today, has risen to $18,056.56.Previously: Bitcoin moving in big chunks now, makes new cycle high above $17.5K (Nov. 17)

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