Okay kiddo, so there is a company called Marathon Digital that mines bitcoins. They are doing really well because they made lots of bitcoins in December. Now they have more than 15,000 bitcoins! People are happy and buying more of their shares, which makes the company worth more money. Read from source...
1. The title is misleading: Bitcoin miner Marathon Digital is not just moving higher on Thursday, but rather it has been consistently growing its value and production since the beginning of 2023. The article should have emphasized this trend instead of focusing on a single day's performance.
2. The author uses vague terms like "what's going on?" without providing any concrete explanation or analysis of the factors that contributed to Marathon Digital's success. This creates confusion and uncertainty for readers who are not familiar with the cryptocurrency industry or the company's operations.
3. The article does not mention any potential risks or challenges that Marathon Digital might face in the future, such as regulatory issues, market volatility, or competition from other miners. This gives a false impression of security and stability for investors who are considering buying shares of the company.
4. The author praises Marathon Digital's record production of 1,853 bitcoin in December without mentioning that this figure is still far below the estimated global hash rate of over 200 exahashes per second. This suggests that the company has a lot of room for improvement and expansion before it can compete with other major players in the industry.
5. The article does not provide any comparison or context for Marathon Digital's average operational hash rate of 22.4 exahashes, which is one of the highest among public Bitcoin miners. For example, it could have mentioned that Riot Blockchain Inc (NASDAQ: RIOT) has an average operational hash rate of 3.9 exahashes per second and Core Scientific Holding Company (OTC: CORZF) has 17.6 exahashes per second, according to the Bitcoin Mining Pool Statistic website. This would have helped readers understand how Marathon Digital's performance stacks up against its peers.